Wool and fine hair knitted jerseys market in Croatia

Earlier Report Observations

Between 2018 and 2024, the Croatian market for wool and fine hair knitted jerseys showed considerable fluctuation. The market volume began the period at 1 660 thousand units in 2018. During that year, domestic entrepreneurs highlighted the profitability of producing coarse-knit jerseys from dense natural wool, indicating a specialized and viable niche segment within the industry.

Following 2018, the market contracted to 1 184 thousand units in 2019 and further to 1 050 thousand units in 2020. A strong recovery occurred in 2021, lifting the market volume to 1 454 thousand units. This was followed by another decline to 1 157 thousand units in 2022 and a modest increase to 1 255 thousand units in 2023.

In 2024, the market volume fell sharply to 752 thousand units. That same year saw an increased supply of knitted jerseys in high street and high end collections, with knitted vests and cardigans gaining particular popularity, marking a shift in consumer fashion preferences during the autumn and winter seasons.

Production wool and fine hair knitted jerseys in Croatia

In value, 2017-2020, K $ US

The market exhibited volatility during the observed period. The lowest value was recorded in 2017, while the peak occurred in 2019, with a 5.2-fold difference between these years. In 2020, the output of wool and fine hair knitted jerseys in Croatia was valued at 36 589 K $ US, marking a slight decrease of 1.2% compared to the previous year. The maximum value was reached in 2019 at 37 029 K $ US. The most significant increase was observed in 2018, with a growth of 380.2%.

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

In kind, 2017-2020, K unit

Croatia's production of wool and fine hair knitted jerseys declined for the second consecutive year. In 2020, 1 597 K units were produced, representing a contraction of 29.1% year-over-year. Over the period from 2017 to 2020, production decreased by 42%, with a compound annual growth rate of 16.6%. The peak production was recorded in 2018 at 2 954 K units. The largest increase occurred in 2018, with a rise of 7.2%.

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

Exports wool and fine hair knitted jerseys from Croatia

Exports in kind, K unit

Exports of wool and fine hair knitted jerseys from Croatia declined for the second year in a row. In 2020, exports totaled 1 998 K units, which is 17.5% lower than the previous year. From 2017 to 2020, exports decreased by 18.6%, with a compound annual growth rate of 6.6%. The highest export volume was recorded in 2018 at 3 398 K units. The most significant decline was in 2019, with a drop of 28.7%, while the largest increase was in 2018, with a growth of 38.5%.

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

Between 2017 and 2020, Italy and Serbia accounted for the majority of Croatia's exports of wool and fine hair knitted jerseys in kind, with other markets playing a less significant role.

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

Croatia's export value of wool and fine hair knitted jerseys declined for the second consecutive year. In 2020, exports reached 61 040 K $ US, reflecting a modest decrease of 6.4% compared to the previous year. From 2017 to 2020, exports increased by 30.8%, equating to an annualized rate of 9.4%. The peak value was recorded in 2018 at 77 369 K $ US. The largest decline occurred in 2019, with a drop of 15.7%, while the most significant increase was in 2018, with a rise of 65.8%.

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

From 2017 to 2020, the partner structure for exports in value terms was dominated by Italy, which accounted for 77.8% of total flows, with other markets forming a less significant portion.

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

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

Imports wool and fine hair knitted jerseys to Croatia

Imports in kind, K unit

In 2020, Croatia's imports of wool and fine hair knitted jerseys in kind amounted to 1 450 K units, which is 7.2% higher than in 2019. The lowest import volume was recorded in 2019 at 1 352 K units, while the peak was in 2018 at 2 104 K units. The most significant decline occurred in 2019, with a decrease of 35.7%, and the largest increase was in 2018, with a growth of 44.4%.

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

From 2017 to 2020, the leading sources for imports in kind of wool and fine hair knitted jerseys to Croatia were Italy (36.4% of imports in kind), Romania (33.5% of imports in kind), and Bosnia and Herzegovina (8.8% of imports in kind), collectively accounting for 78.7% 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

In 2020, Croatia's imports of wool and fine hair knitted jerseys in value terms amounted to 48 863 K $ US, representing a controlled increase of 8.2% from 2019. Between 2017 and 2020, imports increased by 63.3%, equating to an annualized rate of 17.8%. The peak value was recorded in 2018 at 49 956 K $ US. The largest decline was in 2019, with a drop of 9.6%, while the most significant increase was in 2018, with a rise of 67.0%.

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

From 2017 to 2020, Italy (61.6% of imports in value terms), Romania (13.8% of imports in value terms), and Bosnia and Herzegovina (11.2% of imports in value terms) remained the main suppliers of wool and fine hair knitted jerseys to Croatia, jointly forming 86.7% of total imports in value terms.

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

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