Cotton knitted jerseys and pullovers market in Croatia

Earlier Report Observations

Between 2018 and 2024, the Croatian market for cotton knitted jerseys and pullovers experienced substantial growth in value, expanding from $39.2 million to $78.3 million. This upward trend was supported from 2021 onwards, as manufacturers of knitted and crocheted materials in the region, including Croatia, reported consistently positive business results through 2023. These positive indicators from producers contributed to market stability and helped drive the overall increase in market value over the period.

In physical terms, market volume showed more fluctuation, rising from 5.5 million units in 2018 to a peak of 7.0 million units in 2022 before a temporary adjustment. Notably, in 2023, while the unit volume dipped to 6.6 million units, the market value continued to climb, reaching $70.8 million. This divergence suggests a shift in the market structure, possibly toward higher-value items, as companies in the sector maintained their workforce and strengthened their position in domestic and regional markets during that year.

Production cotton knitted jerseys and pullovers in Croatia

In value, 2017-2020, K $ US

Croatia's production of cotton knitted jerseys and pullovers increased for the second consecutive year. In 2020, the output was valued at 13 210 thousand US dollars, remaining unchanged from the previous year. Over the period from 2017 to 2020, production decreased by 28.4%, with a compound annual growth rate of 10.5%. The lowest value was recorded in 2018 at 12 319 thousand US dollars, which also saw the largest decline of 33.2%. In contrast, the largest increase occurred in 2019, with a rise of 7.0%.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

In 2020, Croatia produced 1 880 thousand units of cotton knitted jerseys and pullovers, marking a 10.1% decrease compared to the previous year. From 2017 to 2020, production fell by 23.7%, translating to an annualized rate of 8.6%. The most significant drop was in 2018, with a decline of 16.2%, while the largest increase was in 2019, at 1.2%.

Annual dynamics of production in Croatia in kind, 2017-2020, K unit

Exports cotton knitted jerseys and pullovers from Croatia

Exports in kind, K unit

Exports of cotton knitted jerseys and pullovers from Croatia declined for the second consecutive year. In 2020, the export volume reached 1 015 thousand units, down by 23.0% from the previous year. Between 2017 and 2020, exports decreased by 29.3%, equating to an annualized rate of 10.9%. The highest volume was recorded in 2018 at 1 693 thousand units, which also saw the largest increase of 18.0%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, K unit

From 2017 to 2020, Italy, Bosnia and Herzegovina, and Germany remained the primary buyers of cotton knitted jerseys and pullovers from Croatia, accounting for 65.4%, 5.7%, and 5.3% of exports in kind, respectively. Together, they represented 76.4% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Croatia in kind, 2017-2020

Exports in value, K $ US

The value of cotton knitted jerseys and pullovers exported from Croatia declined for the second consecutive year. In 2020, Croatia exported 11 878 thousand US dollars worth of these goods, which was 11.3% lower than the previous year. Over the period from 2017 to 2020, exports decreased by 22.4%, with a compound annual growth rate of 8.1%. The peak value was in 2018 at 16 684 thousand US dollars, which also experienced the largest increase of 8.9%. The most significant decline occurred in 2019, with a drop of 19.8%.

Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US

During 2017–2020, Italy, Germany, and Slovenia continued to be the main buyers of cotton knitted jerseys and pullovers from Croatia in value terms, with shares of 64.2%, 13.0%, and 5.7%, respectively. Collectively, they accounted for 82.9% of total exports in value terms.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Croatia in value, 2017-2020

Imports cotton knitted jerseys and pullovers to Croatia

Imports in kind, K unit

Croatia's imports of cotton knitted jerseys and pullovers declined for the second consecutive year. In 2020, import volume stood at 4 811 thousand units, showing a modest reduction of 5.5% compared to 2019. Between 2017 and 2020, imports increased by 3.7%, equating to an annualized rate of 1.2%. The highest volume was recorded in 2018 at 5 122 thousand units, which also saw the largest increase of 10.4%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, K unit

Data from 2017 to 2020 show that imports in kind of cotton knitted jerseys and pullovers to Croatia were not heavily concentrated. Italy, Germany, and Spain were the top sources, accounting for 16.4%, 15.7%, and 10.1% of imports in kind, respectively, but together they represented only 42.2% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Croatia in kind, 2017-2020

Imports in value, K $ US

Imports of cotton knitted jerseys and pullovers into Croatia declined for the second consecutive year. In 2020, the import value amounted to 42 988 thousand US dollars, showing no significant change from 2019. Between 2017 and 2020, imports increased by 10.3%, equating to an annualized rate of 3.3%. The peak value was in 2018 at 43 594 thousand US dollars, which also experienced the largest increase of 11.9%. The most notable decline occurred in 2019, with a decrease of 0.9%.

Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US

Throughout 2017–2020, imports in value terms of cotton knitted jerseys and pullovers to Croatia were not concentrated on a few key markets. Italy, Germany, and Spain were the leading sources, with shares of 20.7%, 13.7%, and 10.2%, respectively, but together they accounted for only 44.6% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Croatia in value, 2017-2020