The production in the Croatian courier services sector shows a mixed trend from 2013 to 2023. The sector has experienced periods of growth and decline. Between 2013 and 2014, there was moderate growth, followed by a significant drop in 2015. The sector rebounded in 2017 with notable growth, and although it saw minor fluctuations, it generally maintained an upward trajectory, reaching a value of 670.4 million Croatian Kunas in 2023.
The year-on-year variations highlighted significant growth spurts in 2017 (18.77%) and 2021 (17.65%), while there were notable declines in 2015 and 2020. The last two years showed steady growth with variations of 8.07% and 2.55% for 2022 and 2023, respectively. The last 5-year CAGR points to an average annual growth rate of 3.72%.
The forecast for the next five years suggests a steady growth rate with an expected CAGR of 1.94%. By 2028, production is anticipated to reach 755.49 million Croatian Kunas, marking a forecasted 10.06% growth rate over this period.
Future trends to watch for:
- Expansion in e-commerce and its impact on courier demand.
- Technological advancements in delivery logistics and automation.
- Potential regulatory changes affecting the courier sector.
- Changing consumer preferences towards faster and more flexible delivery options.
