Croatia: Plastic Furniture Market 2024

Plastic Furniture Market Size in Croatia

The Croatian plastic furniture market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Plastic furniture consumption peaked at $X in 2012; afterwards, it flattened through to 2021.

Plastic Furniture Production in Croatia

In value terms, plastic furniture production stood at $X in 2021 estimated in export price. Overall, production enjoyed strong growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 120% against the previous year. Plastic furniture production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Plastic Furniture Exports

Exports from Croatia

In 2021, overseas shipments of furniture of plastic were finally on the rise to reach X units after two years of decline. Over the period under review, exports saw a slight expansion. The pace of growth was the most pronounced in 2014 with an increase of 131% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, plastic furniture exports surged to $X in 2021. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 84% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for plastic furniture exports from Croatia, with a 34% share of total exports. Moreover, plastic furniture exports to Germany exceeded the volume sent to the second major destination, Austria (X units), threefold. Slovenia (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +58.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+6.2% per year) and Slovenia (+2.8% per year).

In value terms, Germany ($X) emerged as the key foreign market for plastic furniture exports from Croatia, comprising 32% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports. It was followed by Austria, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +56.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+4.4% per year) and Austria (+9.6% per year).

Export Prices by Country

In 2021, the average plastic furniture export price amounted to $X per unit, picking up by 13% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, plastic furniture export price increased by +28.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 51%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to Montenegro ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+47.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Furniture Imports

Imports into Croatia

In 2021, purchases abroad of furniture of plastic increased by 37% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, plastic furniture imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X units) constituted the largest plastic furniture supplier to Croatia, accounting for a 49% share of total imports. Moreover, plastic furniture imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. Slovenia (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+12.4% per year) and Slovenia (+13.3% per year).

In value terms, Italy ($X), Slovenia ($X) and Turkey ($X) were the largest plastic furniture suppliers to Croatia, with a combined 62% share of total imports. Poland, Germany, Hungary, China, Serbia, Bosnia and Herzegovina, the Czech Republic and the UK lagged somewhat behind, together accounting for a further 32%.

In terms of the main suppliers, Hungary, with a CAGR of +64.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average plastic furniture import price amounted to $X per unit, rising by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 15%. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovenia ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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