Croatia: Jewelry Market 2025

Jewelry Market Size in Croatia

The Croatian jewelry market surged to $X in 2022, with an increase of 208% against the previous year. In general, consumption showed strong growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Jewelry Production in Croatia

In value terms, jewelry production rose sharply to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 61% against the previous year. Jewelry production peaked in 2022 and is expected to retain growth in years to come.

Jewelry Exports

Exports from Croatia

Jewelry exports from Croatia shrank significantly to X kg in 2022, which is down by -75.5% on 2021. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 588% against the previous year. The exports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, jewelry exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 426% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Slovenia (X kg), Italy (X kg) and the Czech Republic (X kg) were the main destinations of jewelry exports from Croatia, together comprising 54% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +56.9%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) remains the key foreign market for jewelry exports from Croatia, comprising 64% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 9.4% share of total exports. It was followed by Poland, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Slovenia totaled +111.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+28.1% per year) and Poland (+138.0% per year).

Export Prices by Country

In 2022, the average jewelry export price amounted to $X per kg, jumping by 650% against the previous year. In general, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per kg), while the average price for exports to Hungary ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+64.3%), while the prices for the other major destinations experienced more modest paces of growth.

Jewelry Imports

Imports into Croatia

In 2022, supplies from abroad of jewelry increased by 98% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 172% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, jewelry imports soared to $X in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 137%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Italy (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of jewelry imports to Croatia, together comprising 53% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +110.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Italy ($X) and Turkey ($X) appeared to be the largest jewelry suppliers to Croatia, together comprising 73% of total imports. Slovenia, Poland, Germany, China, the Netherlands, France, Thailand, Spain and India lagged somewhat behind, together comprising a further 26%.

The Netherlands, with a CAGR of +152.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average jewelry import price amounted to $X per kg, growing by 9.5% against the previous year. Overall, the import price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 99%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per kg), while the price for the Netherlands ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+41.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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