Plaits and Basketwork Market Overview in Croatia
Market Overview
The Croatian plaits and basketwork market soared to $
in 2019, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
In value terms, plaits and basketwork production dropped rapidly to $ in 2019 estimated in export prices. In general, production continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. Plaits and basketwork production peaked at $ in 2009; however, from 2010 to 2019, production stood at a somewhat lower figure.
in 2019, rising by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of % y-o-y. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.In value terms, plaits and basketwork production dropped rapidly to $
in 2019 estimated in export prices. In general, production continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. Plaits and basketwork production peaked at $ in 2009; however, from 2010 to 2019, production stood at a somewhat lower figure.Consumption
Plaits and basketwork consumption in Croatia surged to tonnes in 2019, growing by % compared with 2018. Overall, consumption, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the consumption volume increased by % y-o-y. Plaits and basketwork consumption peaked at tonnes in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
The value of the plaits and basketwork market in Croatia skyrocketed to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by % y-o-y. Plaits and basketwork consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.
tonnes in 2019, growing by % compared with 2018. Overall, consumption, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the consumption volume increased by % y-o-y. Plaits and basketwork consumption peaked at tonnes in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.The value of the plaits and basketwork market in Croatia skyrocketed to $
in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by % y-o-y. Plaits and basketwork consumption peaked at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.Market Forecast
Depressed by shrinking demand for plaits and basketwork in Croatia, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Plaits and basketwork market in Croatia consists almost entirely of imported products.
Trade Balance
Croatia remains a net importer of plaits and basketwork; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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