Croatia: Household Sewing Machine Market 2024

Household Sewing Machine Market Size in Croatia

The Croatian household sewing machine market declined markedly to $X in 2021, waning by -18.4% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Household Sewing Machine Production in Croatia

In value terms, household sewing machine production declined to $X in 2021 estimated in export price. In general, production recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 43% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Household Sewing Machine Exports

Exports from Croatia

In 2021, the amount of household sewing machines exported from Croatia skyrocketed to X units, jumping by 831% against the previous year's figure. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, household sewing machine exports skyrocketed to $X in 2021. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X units) was the main destination for household sewing machine exports from Croatia, accounting for a 79% share of total exports. Moreover, household sewing machine exports to Belgium exceeded the volume sent to the second major destination, the United States (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Belgium amounted to +4,518.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Bosnia and Herzegovina (+67.4% per year).

In value terms, Belgium ($X) remains the key foreign market for household sewing machines exports from Croatia, comprising 67% of total exports. The second position in the ranking was taken by the United States ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium stood at +3,447.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Bosnia and Herzegovina (+59.3% per year).

Export Prices by Country

The average household sewing machine export price stood at $X per unit in 2021, picking up by 129% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, household sewing machine export price decreased by -7.7% against 2019 indices. The export price peaked at $X per unit in 2019; however, from 2020 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 the United States ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Bosnia and Herzegovina (-4.1%).

Household Sewing Machine Imports

Imports into Croatia

In 2021, purchases abroad of household sewing machines increased by 15% to X units, rising for the fifth consecutive year after two years of decline. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 164% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, household sewing machine imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 128%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), Slovenia (X units) and Hong Kong SAR (X units) were the main suppliers of household sewing machine imports to Croatia, with a combined 64% share of total imports. Poland, Romania, the Netherlands, Spain and China lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +431.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Germany ($X) and Poland ($X) appeared to be the largest household sewing machine suppliers to Croatia, with a combined 68% share of total imports. Romania, the Netherlands, Spain, China and Hong Kong SAR lagged somewhat behind, together comprising a further 16%.

Romania, with a CAGR of +382.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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 household sewing machine import price stood at $X per unit in 2021, growing by 1.7% against the previous year. In general, the import price saw a tangible expansion. The growth pace was the most rapid in 2013 an increase of 51%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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