Croatia: Market for Tanned or Dressed Furskins 2024

Market Size for Tanned or Dressed Furskins in Croatia

The Croatian tanned or dressed furskins market contracted modestly to $X in 2022, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a perceptible slump. Tanned or dressed furskins consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Exports of Tanned or Dressed Furskins

Exports from Croatia

In 2022, approx. X units of tanned or dressed furskins were exported from Croatia; which is down by -16% against the previous year's figure. Overall, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 79% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, tanned or dressed furskins exports contracted to $X in 2022. In general, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 179% against the previous year. As a result, the exports attained the peak of $X, and then shrank modestly in the following year.

Exports by Country

Turkey (X units), Italy (X units) and Hong Kong SAR (X units) were the main destinations of tanned or dressed furskins exports from Croatia, together comprising 68% of total exports. Bosnia and Herzegovina, Greece and Germany lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of +30.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tanned or dressed furskins exported from Croatia were Italy ($X), Hong Kong SAR ($X) and Greece ($X), with a combined 75% share of total exports.

In terms of the main countries of destination, Greece, with a CAGR of +55.9%, 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 2022, the average tanned or dressed furskins export price amounted to $X per unit, increasing by 16% against the previous year. Over the period under review, the export price saw mild growth. The most prominent rate of growth was recorded in 2018 an increase of 77%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tanned or Dressed Furskins

Imports into Croatia

In 2022, supplies from abroad of tanned or dressed furskins increased by 7.4% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2018 when imports increased by 89%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tanned or dressed furskins imports reduced to $X in 2022. Overall, imports, however, saw a pronounced descent. The growth pace was the most rapid in 2021 with an increase of 121% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest tanned or dressed furskins supplier to Croatia, with a 62% share of total imports. Moreover, tanned or dressed furskins imports from Turkey exceeded the figures recorded by the second-largest supplier, Slovenia (X units), sixfold. Germany (X units) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Turkey amounted to +67.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+60.0% per year) and Germany (-6.6% per year).

In value terms, Turkey ($X), Italy ($X) and Slovenia ($X) appeared to be the largest tanned or dressed furskins suppliers to Croatia, with a combined 70% share of total imports. Germany, Denmark, Bulgaria, Hungary and Austria lagged somewhat behind, together accounting for a further 18%.

Denmark, with a CAGR of +101.5%, saw the highest growth rate of 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

In 2022, the average tanned or dressed furskins import price amounted to $X per unit, with a decrease of -18.5% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tanned or dressed furskins import price increased by +32.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 62%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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