Croatia: Travel Set Market 2024

Travel Set Market Size in Croatia

In 2021, the Croatian travel set market decreased by -7.6% to $X, falling for the second consecutive year after four years of growth. Overall, consumption recorded a pronounced decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Travel Set Production in Croatia

In value terms, travel set production stood at $X in 2021 estimated in export price. In general, production, however, recorded a deep setback. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Travel Set Exports

Exports from Croatia

In 2021, overseas shipments of travel sets decreased by -57.6% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 571% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, travel set exports dropped significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 1,868% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined markedly in the following year.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for travel set exports from Croatia, accounting for a 76% share of total exports. Moreover, travel set exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Poland (X units), eightfold. Montenegro (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+334.4% per year) and Montenegro (-17.0% per year).

In value terms, Bosnia and Herzegovina ($X), Poland ($X) and Montenegro ($X) were the largest markets for travel set exported from Croatia worldwide, with a combined 49% share of total exports.

Poland, with a CAGR of +868.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 travel set export price amounted to $X per unit, declining by -23.4% against the previous year. Overall, the export price, however, recorded a significant increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 193%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then reduced remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Poland (+133.6%), while the prices for the other major destinations experienced more modest paces of growth.

Travel Set Imports

Imports into Croatia

In 2021, supplies from abroad of travel sets decreased by -27.9% to X units, falling for the second year in a row after four years of growth. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 23%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, travel set imports declined to $X in 2021. In general, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.6% 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 -14.5% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by 29% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X units), Italy (X units) and Germany (X units) were the main suppliers of travel set imports to Croatia, together comprising 64% of total imports. These countries were followed by China, the Czech Republic, Slovenia, Poland and Austria, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +80.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of travel sets to Croatia, comprising 36% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.1% per year) and Italy (+29.4% per year).

Import Prices by Country

The average travel set import price stood at $X per unit in 2021, jumping by 30% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, travel set import price increased by +68.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 43% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Slovenia ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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