Croatia: Flax Fabric Market 2024

Flax Fabric Market Size in Croatia

In 2022, the Croatian flax fabric market decreased by -77.1% to $X for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, consumption continues to indicate a deep downturn. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Flax Fabric Production in Croatia

In value terms, flax fabric production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a deep downturn. Flax fabric production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Flax Fabric Exports

Exports from Croatia

In 2022, flax fabric exports from Croatia skyrocketed to X kg, increasing by 148% compared with the previous year. In general, exports, however, saw a sharp curtailment. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, flax fabric exports reduced markedly to $X in 2022. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 384%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X kg) was the main destination for flax fabric exports from Croatia, accounting for a 82% share of total exports. Moreover, flax fabric exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Hungary (X kg), sevenfold. The third position in this ranking was taken by Italy (X kg), with a 2.2% share.

From 2020 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina amounted to -43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+661.6% per year) and Italy (+450.0% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for woven fabrics of flax exports from Croatia, comprising 65% of total exports. The second position in the ranking was taken by Hungary ($X), with a 26% share of total exports. It was followed by Italy, with a 5.1% share.

From 2020 to 2022, the average annual growth rate of value to Bosnia and Herzegovina stood at -54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+717.7% per year) and Italy (+1,216.2% per year).

Export Prices by Country

In 2022, the average flax fabric export price amounted to $X per ton, declining by -76.3% against the previous year. In general, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 230% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced rapidly in the following year.

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

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+139.3%), while the prices for the other major destinations experienced mixed trend patterns.

Flax Fabric Imports

Imports into Croatia

In 2022, approx. X tons of woven fabrics of flax were imported into Croatia; surging by 14% compared with 2021. In general, imports, however, showed a abrupt decrease. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, flax fabric imports expanded sharply to $X in 2022. Overall, imports, however, showed a deep reduction. The growth pace was the most rapid in 2018 when imports increased by 38%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of flax fabric to Croatia, with a 44% share of total imports. Moreover, flax fabric imports from Poland exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Bulgaria (X tons), with a 12% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from Poland totaled +1,185.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-46.2% per year) and Bulgaria (+183.6% per year).

In value terms, the largest flax fabric suppliers to Croatia were Italy ($X), Bulgaria ($X) and Germany ($X), with a combined 67% share of total imports. Poland, Austria, Spain, Belgium, the Netherlands and China lagged somewhat behind, together comprising a further 28%.

Poland, with a CAGR of +914.0%, recorded 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

The average flax fabric import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the last two years, it increased at an average annual rate of +6.3%. The pace of growth was the most pronounced in 2021 when the average import price increased by 12% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

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 Austria ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+137.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :