Seats convertible into beds market in Croatia

Earlier Report Observations

The market for seats convertible into beds in Croatia expanded overall from 27.2 million USD in 2018 to 35.6 million USD in 2024. This growth was driven by periods of strong expansion in 2019 and 2021, when the market peaked at 37.2 million USD, followed by a contraction in 2022 and a rebound in 2023.

In 2024, the market experienced a slight decline to 35.6 million USD. This decrease coincided with the introduction of stricter government regulations on short-term tourist rentals, which reduced the number of rental beds in coastal areas and dampened demand for furniture, including convertible seats. New real estate laws, set to take effect in 2025, required consent from neighbors for converting apartments into tourist rentals, leading to a contraction in this segment.

Production seats convertible into beds in Croatia

In value, 2017-2020, K $ US

In 2020, Croatia's production of seats convertible into beds was valued at 6 525 K $ US, marking a 1.0% decline compared to 2019. Over the 2017-2020 period, production fell by 9%, with a compound annual growth rate (CAGR) of -3.1%. The lowest production value was recorded in 2018 at 6 384 K $ US, which also saw the largest annual decline of 11.0%. In contrast, 2019 experienced the highest increase at 3.2%.

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

Exports seats convertible into beds from Croatia

Exports in kind, t

After two consecutive years of decline, Croatia's exports of seats convertible into beds rebounded in 2020. The country exported 725 tonnes, reflecting a modest 3.5% increase from the previous year. However, over the 2017-2020 period, exports decreased by 67%, equating to an annualized decline of 30.9%. The lowest export volume was recorded in 2019 at 700 tonnes, which also saw the largest annual drop of 43.6%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, t

From 2017 to 2020, Austria remained the leading destination for Croatia's exports of seats convertible into beds, accounting for 76.2% of total export volume. The remaining exports were distributed among various other countries.

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

Following a two-year downturn, Croatia's export value of seats convertible into beds increased in 2020. The export value reached 2 942 K $ US, showing a significant 15.3% rise compared to the previous year. Despite this recent growth, exports declined by 49.4% over the 2017-2020 period, with an annualized decrease of 20.3%. The lowest export value was recorded in 2019 at 2 551 K $ US, which also experienced the largest annual decline of 35.2%.

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

Between 2017 and 2020, Austria, Bosnia and Herzegovina, and Germany were the top buyers of seats convertible into beds from Croatia in value terms. Austria led with 65.4% of total export value, followed by Bosnia and Herzegovina and Germany, each accounting for 6.7%. Together, these three countries represented 78.8% of Croatia's total export value for this product.

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

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

Imports seats convertible into beds to Croatia

Imports in kind, t

Croatia's imports of seats convertible into beds increased for the third consecutive year in 2020. Import volumes reached 11 107 tonnes, equivalent to a 3.1% rise from 2019. Over the 2017-2020 period, imports grew by 25%, with an annualized increase of 7.7%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, t

From 2017 to 2020, Bosnia and Herzegovina, Poland, and Serbia were the primary sources of Croatia's imports of seats convertible into beds in volume terms. Bosnia and Herzegovina accounted for 63.0% of total import volume, followed by Poland at 13.6% and Serbia at 13.2%. Collectively, these three countries represented 89.8% of total import 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

Croatia's import value of seats convertible into beds increased for the third year in a row in 2020. The import value rose by 4.3% compared to the previous year. Over the 2017-2020 period, imports increased by 32.7%, with a compound annual growth rate (CAGR) of 9.9%.

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

Between 2017 and 2020, Bosnia and Herzegovina, Poland, and Serbia were the main suppliers of seats convertible into beds to Croatia in value terms. Bosnia and Herzegovina accounted for 58.1% of total import value, followed by Poland at 14.9% and Serbia at 11.9%. Together, these three countries made up 84.9% of Croatia's total import value for this product.

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

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