Croatian Postal Market Income Reaches 523 Million Kuna

Lauren Simmonds

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As Poslovni Dnevnik writes, positive developments on the Croatian postal market continued throughout the second quarter of 2022, and the total revenue amounted to 523 million kuna, the Croatian Regulatory Agency for Network Activities (HAKOM) announced recently. When compared to the previous quarter, revenues on the Croatian postal market increased by 6.3 percent, while compared to the same period of the previous year, they grew by 10.2 percent.

The result was primarily contributed to by services with greater, more added value, as the total number of postal services being carried out actually decreased. As such, in the second quarter, 8.2 million packages were transferred, which is 5.5 percent more than in the previous quarter and 12.6 percent more than last year.

In contrast to parcels and packages of a larger volume, a decline was recorded in letter shipments with one of the lowest recorded shares in the total number of services performed, which amounted to 79 percent in the middle of the year. With the reduction in the number of letters sent and delivered, the share of universal service fell below 50 percent for the first time. When it comes to the Croatian postal market and wider, more specifically international traffic, the number of services was higher by 11 percent.

The number of postal service providers across the Republic of Croatia didn’t change, and in the middle of the year there were still 24 of them. The largest provider was of course Croatian Post (Hrvatska posta) with a share of 87 percent in the number of services performed and 58.3 percent in total revenues.

For more on the Croatian economy, make sure to check out our dedicated business section.

 

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