Croatia: Sailboat Market 2024

Sailboat Market Size in Croatia

In 2021, the Croatian sailboat market decreased by -38% to $X, falling for the third year in a row after two years of growth. Overall, consumption showed a abrupt setback. Sailboat consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Sailboat Production in Croatia

In value terms, sailboat production shrank notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a dramatic slump. The pace of growth was the most pronounced in 2019 with an increase of 113%. Sailboat production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sailboat Exports

Exports from Croatia

In 2021, shipments abroad of sailboats for pleasure or sports, with or without auxiliary motor increased by 46% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 680%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, sailboat exports skyrocketed to $X in 2021. Overall, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 708% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Turkey (X units) was the main destination for sailboat exports from Croatia, with a 46% share of total exports. Moreover, sailboat exports to Turkey exceeded the volume sent to the second major destination, the United States (X units), threefold. Montenegro (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey totaled +60.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+52.3% per year) and Montenegro (+29.6% per year).

In value terms, Turkey ($X) remains the key foreign market for sailboats for pleasure or sports, with or without auxiliary motor exports from Croatia, comprising 38% of total exports. The second position in the ranking was held by Montenegro ($X), with a 19% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey stood at +59.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+137.5% per year) and the United States (+43.8% per year).

Export Prices by Country

In 2021, the average sailboat export price amounted to $X per unit, rising by 30% against the previous year. Overall, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 79% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was British Virgin Islands ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sailboat Imports

Imports into Croatia

In 2021, overseas purchases of sailboats for pleasure or sports, with or without auxiliary motor decreased by -44.8% to X units, falling for the third year in a row after two years of growth. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by 52% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, sailboat imports contracted dramatically to $X in 2021. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 80% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, France (X units) constituted the largest supplier of sailboat to Croatia, accounting for a 41% share of total imports. Moreover, sailboat imports from France exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Slovenia (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at -10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.0% per year) and Slovenia (-3.5% per year).

In value terms, France ($X) constituted the largest supplier of sailboats for pleasure or sports, with or without auxiliary motor to Croatia, comprising 47% of total imports. The second position in the ranking was held by Germany ($X), with a 10% share of total imports. It was followed by Slovenia, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.1% per year) and Slovenia (+6.6% per year).

Import Prices by Country

The average sailboat import price stood at $X per unit in 2021, picking up by 26% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 77% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+48.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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