Croatia: Mattress Market 2024

Mattress Market Size in Croatia

In 2022, the Croatian mattress market decreased by -68.9% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Mattress Production in Croatia

In value terms, mattress production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +18.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27%. Over the period under review, production attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Mattress Exports

Exports from Croatia

In 2022, overseas shipments of mattresses increased by 26% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 52%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, mattress exports reduced to $X in 2022. Overall, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.3% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 50% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X units), Germany (X units) and Switzerland (X units) were the main destinations of mattress exports from Croatia, with a combined 59% share of total exports. Belgium, Serbia, Poland, Austria and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +45.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Germany ($X) and Switzerland ($X) appeared to be the largest markets for mattress exported from Croatia worldwide, together comprising 59% of total exports. Belgium, Serbia, Poland, Austria and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 29%.

Poland, with a CAGR of +36.7%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average mattress export price stood at $X per unit in 2022, dropping by -28.5% against the previous year. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 39%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per unit) and Switzerland ($X per unit), while the average price for exports to Belgium ($X per unit) and Serbia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-5.6%), while the prices for the other major destinations experienced a decline.

Mattress Imports

Imports into Croatia

In 2022, overseas purchases of mattresses decreased by -42.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a moderate increase. The pace of growth appeared the most rapid in 2014 with an increase of 98% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then shrank significantly in the following year.

In value terms, mattress imports amounted to $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 50% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest mattress supplier to Croatia, accounting for a 40% share of total imports. Moreover, mattress imports from Poland exceeded the figures recorded by the second-largest supplier, Slovenia (X units), threefold. The third position in this ranking was held by Romania (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+11.9% per year) and Romania (+92.9% per year).

In value terms, Poland ($X) constituted the largest supplier of mattresses to Croatia, comprising 40% of total imports. The second position in the ranking was held by Slovenia ($X), with a 13% share of total imports. It was followed by Romania, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+13.3% per year) and Romania (+95.5% per year).

Import Prices by Country

In 2022, the average mattress import price amounted to $X per unit, picking up by 79% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($X per unit) and Romania ($X per unit), while the price for Turkey ($X per unit) and Bosnia and Herzegovina ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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