Key Market Indicators
Croatian Jewelry Export is projected to decline significantly, reaching approximately €5,300 thousand by 2028. This is a steep drop from €11,200 thousand in 2023, marking an annual decrease of 11.9%. Despite this downturn, Croatian supply had been on an upward trajectory, increasing by 36.8% annually since 2009. In 2023, Croatia ranked 21st in jewelry export, with Latvia surpassing it at the same €11,200 thousand mark. Italy, the United Kingdom, and France occupied the top three spots in this ranking. In contrast, Croatian Jewelry Import is expected to grow, reaching about €44,100 thousand by 2028, up from €34,800 thousand in 2023. This reflects an average annual growth rate of 3.8%. Since 2009, Croatian demand for jewelry has risen steadily by 20.7% each year. In 2023, Croatia placed 23rd in jewelry import, trailing behind Lithuania at €34,800 thousand. The United Kingdom, France, and Italy held the second, third, and fourth positions respectively. Turning to domestic sales, the Croatian Jewelry market is anticipated to slightly decline. Sales are forecasted to hit €12.9 million by 2028, down from €13.4 million in 2023, which represents a yearly decrease of 0.5%. Since 2013, the market has seen a 4.3% annual reduction. Another estimate of Croatian Jewelry Sales suggests a similar trend, with figures expected to reach €13.2 million by 2028 from €13.7 million in 2023, also reflecting a 0.5% annual decline. Since 2015, the market has decreased by 3.9% each year.
