Croatia: Men Knitwear Market 2024

Men Knitwear Market Size in Croatia

The Croatian men knitwear market surged to $X in 2022, rising by 34% against the previous year. Overall, consumption recorded resilient growth. Men knitwear consumption peaked in 2022 and is likely to continue growth in years to come.

Men Knitwear Production in Croatia

In value terms, men knitwear production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 186% against the previous year. Men knitwear production peaked in 2022 and is expected to retain growth in the immediate term.

Men Knitwear Exports

Exports from Croatia

Men knitwear exports from Croatia fell to X units in 2022, which is down by -5.8% on the previous year's figure. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by 81%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, men knitwear exports soared to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 61% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X units), Bosnia and Herzegovina (X units) and Slovenia (X units) were the main destinations of men knitwear exports from Croatia, with a combined 46% share of total exports. Germany, Serbia, Georgia, Poland, the Czech Republic, Slovakia, Spain, Estonia, Austria and Romania lagged somewhat behind, together comprising a further 48%.

From 2012 to 2022, the biggest increases were recorded for Georgia (with a CAGR of +86.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for men's or boys' clothing (knitted or crocheted) exports from Croatia, comprising 36% of total exports. The second position in the ranking was held by Slovenia ($X), with an 11% share of total exports. It was followed by Poland, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+32.6% per year) and Poland (+98.9% per year).

Export Prices by Country

The average men knitwear export price stood at $X per unit in 2022, surging by 36% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt setback. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into Croatia

In 2022, approx. X units of men's or boys' clothing (knitted or crocheted) were imported into Croatia; jumping by 27% compared with the previous year. In general, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 38% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, men knitwear imports surged to $X in 2022. Overall, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when imports increased by 39%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Hungary (X units), Slovenia (X units) and Italy (X units) were the main suppliers of men knitwear imports to Croatia, with a combined 51% share of total imports. Germany, Poland, Spain, Slovakia, Bangladesh, Indonesia, Austria, Turkey, Bulgaria and the Netherlands lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +166.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovenia ($X) and Italy ($X) constituted the largest men knitwear suppliers to Croatia, together comprising 41% of total imports. Hungary, Poland, Bulgaria, Spain, the Netherlands, Austria, Turkey, Bangladesh, Slovakia and Indonesia lagged somewhat behind, together accounting for a further 46%.

Among the main suppliers, the Netherlands, with a CAGR of +179.3%, saw the highest rates of growth with regard to 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

The average men knitwear import price stood at $X per unit in 2022, picking up by 2.9% against the previous year. Over the period under review, the import price, however, recorded a mild slump. The pace of growth was the most pronounced in 2020 an increase of 8.2%. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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