Croatia: Seat Market 2024

Seat Market Size in Croatia

The Croatian seat market skyrocketed to $X in 2021, picking up by 26% against the previous year. Over the period under review, the total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Seat consumption peaked in 2021 and is expected to retain growth in the near future.

Seat Production in Croatia

In value terms, seat production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible decline. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Seat Exports

Exports from Croatia

In 2021, approx. X tons of seats were exported from Croatia; rising by 13% against 2020 figures. The total export volume increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 22%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, seat exports soared to $X in 2021. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for seat exports from Croatia, with a 39% share of total exports. Moreover, seat exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), twofold. Austria (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.1% per year) and Austria (+8.1% per year).

In value terms, the largest markets for seat exported from Croatia were Germany ($X), Austria ($X) and Italy ($X), together comprising 60% of total exports. Slovenia, France, Serbia, Bosnia and Herzegovina and the UK lagged somewhat behind, together accounting for a further 20%.

In terms of the main countries of destination, Slovenia, with a CAGR of +27.1%, 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

In 2021, the average seat export price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, seat export price increased by +44.2% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 43%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

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 Austria ($X per ton), while the average price for exports to Italy ($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 the UK (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Seat Imports

Imports into Croatia

In 2021, imports of seats into Croatia skyrocketed to X tons, jumping by 22% against the previous year's figure. Overall, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.3% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 91%. Over the period under review, imports reached the peak figure at X tons in 2019; afterwards, it flattened through to 2021.

In value terms, seat imports surged to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Poland (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of seat imports to Croatia, together accounting for 50% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +25.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Poland ($X) and China ($X) appeared to be the largest seat suppliers to Croatia, with a combined 55% share of total imports.

Poland, with a CAGR of +14.7%, saw the highest growth rate of 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 seat import price stood at $X per ton in 2021, growing by 2.1% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, seat import price increased by +14.4% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 63% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :