At the beginning of the year, the number of postal services decreased and revenue increased ICT Business | TechBuzz

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At the beginning of the year, the number of postal services decreased and revenue increased


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The market of postal services in the Republic of Croatia in the first quarter of 2022 was significantly affected by the unstable environment, which resulted in a decline in traffic. A total of 66.8 million postal services were realized, 2.5 percent less than in the previous quarter and 4.4 percent compared to the same period last year. The largest impact on the decrease in the total number was made by letter items, the number of which in the first quarter of 2022 was lower by 3.8 million or 6.8 percent than in the same period last year.

According to the type of traffic, international traffic had a greater impact on the overall decrease in the number of services. The EU regulation on the abolition of VAT exemptions on imports of consignments of goods up to 22 euros from non-EU countries, which has been in force since mid-last year, has affected the demand for services related to international e-commerce. The number of international postal services in the first quarter of 2022 was about two million less than in the first quarter of last year, while compared to the previous quarter it was about 20 percent less.

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Revenue of around HRK 492 million was generated from the provision of postal services in the first quarter of 2022. This is 9.7 percent less than in the previous quarter, which is traditionally a more active period for the market due to the end of the year and holidays, but still 2.2 percent more than in the same period last year. The increase on an annual basis is the result of a slightly higher number of value-added services.

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At the end of the first quarter of 2022, 24 providers provided postal services in the Republic of Croatia. The largest provider is HP-Hrvatska pošta, whose market share was 87.7 percent in services and 58.9 percent in total revenues.



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