Croatia: Narrow Woven Fabric Market 2024

Narrow Woven Fabric Market Size in Croatia

For the third consecutive year, the Croatian narrow woven fabric market recorded decline in sales value, which decreased by -14.7% to $X in 2021. In general, consumption showed a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Narrow Woven Fabric Production in Croatia

In value terms, narrow woven fabric production rose modestly to $X in 2021 estimated in export price. In general, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +66.8% against 2013 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 22%. Narrow woven fabric production peaked in 2021 and is expected to retain growth in the immediate term.

Narrow Woven Fabric Exports

Exports from Croatia

For the seventh consecutive year, Croatia recorded growth in shipments abroad of narrow woven fabrics, which increased by 15% to X tons in 2021. In general, exports recorded a resilient increase. The growth pace was the most rapid in 2015 with an increase of 39%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, narrow woven fabric exports surged to $X in 2021. Over the period under review, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for narrow woven fabric exports from Croatia, with a 24% share of total exports. Moreover, narrow woven fabric exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+28.3% per year) and Poland (+20.3% per year).

In value terms, the largest markets for narrow woven fabric exported from Croatia were Italy ($X), Germany ($X) and Poland ($X), with a combined 37% share of total exports. France, the UK, Slovenia, the Czech Republic, Denmark, Austria, the Netherlands, Slovakia, Spain and Hungary lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, France, with a CAGR of +131.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2021, jumping by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Germany ($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 Slovenia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Croatia

In 2021, after two years of decline, there was significant growth in purchases abroad of narrow woven fabrics, when their volume increased by 11% to X tons. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 13%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, narrow woven fabric imports expanded modestly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 21%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main suppliers of narrow woven fabric imports to Croatia, with a combined 67% share of total imports. Hungary, Austria, Turkey, Slovenia and Serbia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +24.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest narrow woven fabric suppliers to Croatia were Germany ($X), Italy ($X) and Austria ($X), with a combined 73% share of total imports. China, Slovenia, Hungary, Turkey and Serbia lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Serbia, with a CAGR of +23.7%, 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 narrow woven fabric import price stood at $X per ton in 2021, waning by -7.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2019 when the average import price increased by 18% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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