Croatia: Hairpin Market 2024

Hairpin Market Size in Croatia

The Croatian hairpin market plummeted to $X in 2021, waning by -44.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a noticeable decrease. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Hairpin Exports

Exports from Croatia

In 2021, after two years of decline, there was significant growth in overseas shipments of hairpins, curling pins, curling grips and hair-curlers, when their volume increased by 328% to X tons. In general, exports showed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, hairpin exports soared to $X in 2021. Overall, exports enjoyed strong growth. The growth pace was the most rapid in 2018 with an increase of 176%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for hairpin exports from Croatia, accounting for a 62% share of total exports. Moreover, hairpin exports to France exceeded the volume sent to the second major destination, Serbia (X kg), fivefold. The third position in this ranking was taken by Montenegro (X kg), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+16.7% per year) and Montenegro (+44.6% per year).

In value terms, the largest markets for hairpin exported from Croatia were Montenegro ($X), Serbia ($X) and Bosnia and Herzegovina ($X), together accounting for 52% of total exports.

Montenegro, with a CAGR of +142.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hairpin export price amounted to $X per ton, falling by -61% against the previous year. In general, the export price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 74%. The export price peaked at $X per ton in 2020, and then fell significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Hairpin Imports

Imports into Croatia

In 2021, the amount of hairpins, curling pins, curling grips and hair-curlers imported into Croatia contracted dramatically to X tons, which is down by -45.6% on the previous year's figure. In general, imports saw a noticeable curtailment. The growth pace was the most rapid in 2016 with an increase of 71%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, hairpin imports fell sharply to $X in 2021. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.8% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 71% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of hairpin to Croatia, with a 46% share of total imports. Moreover, hairpin imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +32.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.8% per year) and Italy (+18.5% per year).

In value terms, Germany ($X) constituted the largest supplier of hairpin to Croatia, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Italy, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-15.6% per year) and Italy (+18.2% per year).

Import Prices by Country

In 2021, the average hairpin import price amounted to $X per ton, surging by 47% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hairpin import price increased by +50.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 61% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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