Croatia: Perfume Market 2024

Perfume Market Size in Croatia

The Croatian perfume market totaled $X in 2022, with an increase of 15% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +45.8% against 2020 indices. Perfume consumption peaked in 2022 and is likely to see steady growth in years to come.

Perfume Production in Croatia

In value terms, perfume production skyrocketed to $X in 2022 estimated in export price. In general, production, however, saw a significant increase. The growth pace was the most rapid in 2014 with an increase of 229%. Perfume production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Perfume Exports

Exports from Croatia

For the eleventh year in a row, Croatia recorded growth in shipments abroad of perfumes and toilet waters, which increased by 0.6% to X tons in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,299% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, perfume exports rose sharply to $X in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2013 when exports increased by 1,577% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Romania (X tons), Hungary (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of perfume exports from Croatia, together accounting for 57% 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 Romania (with a CAGR of +181.0%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the key foreign market for perfumes and toilet waters exports from Croatia, comprising 33% of total exports. The second position in the ranking was held by Romania ($X), with a 10% share of total exports. It was followed by Bosnia and Herzegovina, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Hungary stood at +72.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+178.2% per year) and Bosnia and Herzegovina (+45.1% per year).

Export Prices by Country

The average perfume export price stood at $X per ton in 2022, surging by 8% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2017 an increase of 30%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Perfume Imports

Imports into Croatia

In 2022, the amount of perfumes and toilet waters imported into Croatia reached X tons, surging by 6.9% against 2021 figures. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 30%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, perfume imports reached $X in 2022. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main suppliers of perfume imports to Croatia, together accounting for 51% of total imports. Hungary, Poland, Spain, the Netherlands, the Czech Republic, Slovakia and Austria lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +56.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest perfume suppliers to Croatia were France ($X), Germany ($X) and Hungary ($X), with a combined 56% share of total imports. Italy, the Czech Republic, the Netherlands, Austria, Spain, Poland and Slovakia lagged somewhat behind, together accounting for a further 41%.

The Czech Republic, with a CAGR of +75.0%, saw the highest rates of growth with regard to 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

The average perfume import price stood at $X per ton in 2022, surging by 3% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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