Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Croatia - 2023
Contents:
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Croatia (CIF) - 2022
- Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Croatia (FOB) - 2023
- Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Croatia
- Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Croatia
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Croatia (CIF) - 2022
In 2022, the average import price for furniture; wooden, other than for office, kitchen or bedroom use amounted to $74 per unit, growing by 2.6% against the previous year. Overall, the import price, however, saw a pronounced decline. The pace of growth was the most pronounced in 2015 an increase of 8.9% against the previous year. Over the period under review, average import prices hit record highs at $127 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
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 Germany ($160 per unit), while the price for Lithuania ($35 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Croatia (FOB) - 2023
The average export price for furniture; wooden, other than for office, kitchen or bedroom use stood at $159 per unit in November 2023, with an increase of 9.7% against the previous month. Over the period from December 2022 to November 2023, it increased at an average monthly rate of +2.2%. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 52% month-to-month. The export price peaked at $163 per unit in July 2023; however, from August 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($572 per unit), while the average price for exports to North Macedonia ($42.4 per unit) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Croatia
In 2022, supplies from abroad of furniture; wooden, other than for office, kitchen or bedroom use decreased by -1.6% to 1.3M units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports reached the peak of 1.3M units, and then declined in the following year.
In value terms, imports of furniture; wooden, other than for office, kitchen or bedroom use stood at $95M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 23.9 | 23.3 | 26.9 | 24.6 | 1.0% |
| Bosnia and Herzegovina | 5.2 | 8.6 | 10.5 | 11.4 | 29.9% |
| Germany | 12.1 | 11.4 | 12.4 | 11.4 | -2.0% |
| Italy | 6.5 | 6.0 | 8.4 | 9.3 | 12.7% |
| Serbia | 7.0 | 4.8 | 7.3 | 7.2 | 0.9% |
| Slovenia | 10.2 | 4.0 | 5.5 | 6.1 | -15.7% |
| Romania | 1.9 | 3.0 | 4.1 | 6.0 | 46.7% |
| China | 4.9 | 4.1 | 5.2 | 4.4 | -3.5% |
| Lithuania | 0.7 | 1.0 | 1.3 | 2.1 | 44.2% |
| Others | 10.5 | 10.3 | 12.2 | 12.2 | 5.1% |
| Total | 82.9 | 76.5 | 93.8 | 94.7 | 4.5% |
Top Suppliers of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use to Croatia in 2022:
- Poland (459.6K units)
- Bosnia and Herzegovina (125.0K units)
- Romania (114.2K units)
- Italy (103.8K units)
- Serbia (92.9K units)
- Germany (71.4K units)
- China (64.0K units)
- Lithuania (61.4K units)
- Slovenia (43.8K units)
Exports of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Croatia
In 2022, exports of furniture; wooden, other than for office, kitchen or bedroom use from Croatia stood at 538K units, remaining relatively unchanged against 2021. Overall, exports, however, recorded a slight reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 14%. Over the period under review, the exports of attained the peak figure at 553K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of furniture; wooden, other than for office, kitchen or bedroom use reached $62M in 2022. The total export value increased at an average annual rate of +9.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 18.2 | 17.7 | 21.9 | 23.6 | 9.0% |
| Denmark | 1.1 | 1.3 | 4.6 | 6.6 | 81.7% |
| Austria | 6.5 | 5.5 | 6.1 | 6.0 | -2.6% |
| Slovenia | 3.5 | 2.7 | 4.5 | 4.6 | 9.5% |
| France | 2.1 | 1.7 | 1.7 | 2.9 | 11.4% |
| Netherlands | 1.1 | 2.2 | 2.7 | 2.6 | 33.2% |
| Sweden | 1.9 | 1.9 | 2.9 | 2.6 | 11.0% |
| Italy | 0.9 | 0.5 | 1.1 | 1.6 | 21.1% |
| Switzerland | 1.4 | 0.8 | 1.3 | 1.6 | 4.6% |
| Serbia | 1.3 | 1.3 | 1.7 | 1.2 | -2.6% |
| Poland | 0.7 | 0.9 | 1.7 | 1.1 | 16.3% |
| Bosnia and Herzegovina | 1.0 | 0.9 | 1.0 | 0.9 | -3.5% |
| North Macedonia | 0.5 | 0.5 | 0.7 | 0.4 | -7.2% |
| Others | 6.9 | 6.6 | 6.5 | 5.9 | -5.1% |
| Total | 47.1 | 44.7 | 58.4 | 61.6 | 9.4% |
Top Export Markets for Furniture; Wooden, Other than for Office, Kitchen or Bedroom Use from Croatia in 2022:
- Germany (276.0K units)
- Austria (46.0K units)
- Slovenia (34.8K units)
- Denmark (27.7K units)
- Sweden (25.8K units)
- France (21.2K units)
- Italy (14.7K units)
- Serbia (13.0K units)
- Netherlands (11.5K units)
- Switzerland (11.3K units)
- Poland (10.3K units)
- Bosnia and Herzegovina (9.6K units)
- North Macedonia (9.3K units)
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