Croatia: Market for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V 2025

Market Size for Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V in Croatia

In 2022, the Croatian electrical board and console market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, showed a perceptible shrinkage. Electrical board and console consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding X V in Croatia

In value terms, electrical board and console production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 when the production volume increased by 40%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Exports from Croatia

In 2022, approx. X units of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v were exported from Croatia; rising by 23% compared with 2021 figures. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2014 with an increase of 192% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, electrical board and console exports soared to $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 205% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units), Germany (X units) and Serbia (X units) were the main destinations of electrical board and console exports from Croatia, with a combined 91% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +97.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v exports from Croatia, comprising 52% of total exports. The second position in the ranking was taken by Italy ($X), with a 22% share of total exports. It was followed by Serbia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +97.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+65.9% per year) and Serbia (+36.8% per year).

Export Prices by Country

The average electrical board and console export price stood at $X per unit in 2022, with an increase of 44% against the previous year. Over the period under review, the export price, however, recorded a perceptible decline. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.8%), while the prices for the other major destinations experienced a decline.

Imports of Boards, Consoles, Equipped With Electrical Switching Apparatus For A Voltage Exceeding 1000 V

Imports into Croatia

In 2022, overseas purchases of boards, consoles, equipped with electrical switching apparatus for a voltage exceeding X v increased by 57% to X units, rising for the second consecutive year after three years of decline. In general, imports posted a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 156% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, electrical board and console imports skyrocketed to $X in 2022. Overall, imports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of electrical board and console to Croatia, accounting for a 61% share of total imports. Moreover, electrical board and console imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Bosnia and Herzegovina (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +86.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.1% per year) and Bosnia and Herzegovina (+52.6% per year).

In value terms, Italy ($X), Germany ($X) and Norway ($X) constituted the largest electrical board and console suppliers to Croatia, with a combined 79% share of total imports. Hungary, Bosnia and Herzegovina, Turkey, the Czech Republic and France lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, the Czech Republic, with a CAGR of +110.8%, saw the highest growth rate of 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

In 2022, the average electrical board and console import price amounted to $X per unit, with a decrease of -11.2% against the previous year. Overall, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 16%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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