Croatia: Bracelet Market 2024

Bracelet Market Size in Croatia

In 2022, the Croatian bracelet market increased by 32% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +100.1% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Bracelet Production in Croatia

In value terms, bracelet production soared to $X in 2022 estimated in export price. Overall, production, however, enjoyed a moderate increase. The pace of growth appeared the most rapid in 2018 with an increase of 1,140% against the previous year. Bracelet production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Bracelet Exports

Exports from Croatia

In 2022, exports of watch straps, bands and bracelets from Croatia surged to X units, rising by 78% against the previous year's figure. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 250%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, bracelet exports surged to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 856%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X units), Serbia (X units) and Bosnia and Herzegovina (X units) were the main destinations of bracelet exports from Croatia, with a combined 69% share of total exports. The Netherlands, Hungary, Montenegro, Spain, North Macedonia and Switzerland lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +10,350.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X) emerged as the key foreign market for watch straps, bands and bracelets exports from Croatia, comprising 44% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 20% share of total exports. It was followed by Bosnia and Herzegovina, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Serbia stood at +207.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+10.5% per year) and Bosnia and Herzegovina (+31.3% per year).

Export Prices by Country

In 2022, the average bracelet export price amounted to $X per unit, falling by -12.1% against the previous year. Overall, the export price, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 173%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Switzerland ($X per unit), while the average price for exports to Hungary ($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 Serbia (+29.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bracelet Imports

Imports into Croatia

In 2022, purchases abroad of watch straps, bands and bracelets increased by 54% to X units, rising for the second consecutive year after two years of decline. In general, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +131.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bracelet imports skyrocketed to $X in 2022. Over the period under review, imports posted a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Slovenia (X units), China (X units) and Italy (X units) were the main suppliers of bracelet imports to Croatia, with a combined 56% share of total imports. Hungary, Hong Kong SAR, the Netherlands, Germany, the Czech Republic, Austria, Switzerland and Spain lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +54.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bracelet suppliers to Croatia were Slovenia ($X), the Netherlands ($X) and China ($X), with a combined 51% share of total imports.

The Netherlands, with a CAGR of +65.0%, 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

In 2022, the average bracelet import price amounted to $X per unit, waning by -17.2% against the previous year. In general, the import price, however, enjoyed modest growth. The growth pace was the most rapid in 2016 an increase of 73% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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