Croatia: Automotive Lighting Market 2024

Automotive Lighting Market Size in Croatia

In 2021, the Croatian automotive lighting market increased by 28% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption continues to indicate a strong increase. Automotive lighting consumption peaked in 2021 and is expected to retain growth in years to come.

Automotive Lighting Exports

Exports from Croatia

In 2021, shipments abroad of automotive lighting was finally on the rise to reach X units after two years of decline. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 312% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, automotive lighting exports skyrocketed to $X in 2021. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 245%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units), Slovenia (X units) and the Czech Republic (X units) were the main destinations of automotive lighting exports from Croatia, together comprising 48% of total exports. Serbia, Poland, Italy, Bosnia and Herzegovina, Austria, Hungary, Germany, Canada and the UK lagged somewhat behind, together comprising a further 46%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +189.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Slovenia ($X) and the Czech Republic ($X) appeared to be the largest markets for automotive lighting exported from Croatia worldwide, with a combined 47% share of total exports. These countries were followed by Serbia, Poland, Italy, Bosnia and Herzegovina, Austria, Hungary, Germany, Canada and the UK, which together accounted for a further 45%.

Among the main countries of destination, Canada, with a CAGR of +219.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average automotive lighting export price stood at $X per unit in 2021, with an increase of 23% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, automotive lighting export price increased by +128.2% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of 40% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Hungary ($X per unit) and the United States ($X per unit), while the average price for exports to Poland ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Automotive Lighting Imports

Imports into Croatia

In 2021, supplies from abroad of automotive lighting increased by 44% to X units, rising for the sixth consecutive year after two years of decline. In general, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, automotive lighting imports surged to $X in 2021. Overall, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X units), Germany (X units) and Austria (X units) were the main suppliers of automotive lighting imports to Croatia, together accounting for 53% of total imports. The Netherlands, Slovenia, Hungary, Italy, the Czech Republic, Taiwan (Chinese), Romania, the UK, China and France lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +52.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest automotive lighting suppliers to Croatia were Poland ($X), Germany ($X) and Austria ($X), together accounting for 53% of total imports. These countries were followed by the Netherlands, Slovenia, Hungary, Italy, the Czech Republic, Taiwan (Chinese), Romania, the UK, China and France, which together accounted for a further 39%.

Among the main suppliers, Hungary, with a CAGR of +49.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average automotive lighting import price stood at $X per unit in 2021, reducing by -11% against the previous year. In general, the import price showed a perceptible curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 14%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the UK ($X per unit) and Romania ($X per unit), while the price for France ($X per unit) and Hungary ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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