Croatia: Athletic Footwear Market 2024

Athletic Footwear Market Size in Croatia

In 2022, the Croatian athletic footwear market decreased by -36.1% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, enjoyed a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Athletic Footwear Production in Croatia

In value terms, athletic footwear production reduced markedly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 114% against the previous year. Athletic footwear production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Athletic Footwear Exports

Exports from Croatia

In 2022, overseas shipments of athletic footwear increased by 42% to X pairs, rising for the second year in a row after three years of decline. Overall, exports posted a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 263%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, athletic footwear exports skyrocketed to $X in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 307% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X pairs) was the main destination for athletic footwear exports from Croatia, with a 53% share of total exports. Moreover, athletic footwear exports to Germany exceeded the volume sent to the second major destination, Poland (X pairs), twofold. The third position in this ranking was taken by Slovenia (X pairs), with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+151.6% per year) and Slovenia (+32.3% per year).

In value terms, Poland ($X) remains the key foreign market for athletic footwear exports from Croatia, comprising 46% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 12% share of total exports. It was followed by the Netherlands, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to Poland stood at +152.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+41.0% per year) and the Netherlands (+92.7% per year).

Export Prices by Country

In 2022, the average athletic footwear export price amounted to $X per pair, increasing by 5% against the previous year. Over the period under review, the export price saw a resilient expansion. The pace of growth was the most pronounced in 2015 an increase of 183%. The export price peaked at $X per pair in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Athletic Footwear Imports

Imports into Croatia

In 2022, after two years of growth, there was significant decline in purchases abroad of athletic footwear, when their volume decreased by -13.2% to X pairs. In general, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by 222%. Over the period under review, imports reached the peak figure at X pairs in 2021, and then dropped in the following year.

In value terms, athletic footwear imports contracted to $X in 2022. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2014 with an increase of 260% against the previous year. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Slovenia (X pairs), Poland (X pairs) and Germany (X pairs) were the main suppliers of athletic footwear imports to Croatia, together accounting for 50% of total imports. Italy, Belgium, Slovakia, the Netherlands, Greece, Spain and China lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +204.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Poland ($X) and Germany ($X) constituted the largest athletic footwear suppliers to Croatia, together comprising 56% of total imports. Belgium, Italy, the Netherlands, Greece, Spain, Slovakia and China lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, the Netherlands, with a CAGR of +239.7%, recorded the highest rates of growth with regard to the value of imports, 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 athletic footwear import price amounted to $X per pair, picking up by 8.3% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +14.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, athletic footwear import price increased by +11.4% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 180%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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