Croatia: Smart Card Market 2025

Smart Card Market Size in Croatia

In 2022, the Croatian smart card market decreased by -2.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption recorded a prominent increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Smart Card Production in Croatia

In value terms, smart card production reached $X in 2022 estimated in export price. Over the period under review, production showed a buoyant increase. The growth pace was the most rapid in 2019 when the production volume increased by 191% against the previous year. Smart card production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Smart Card Exports

Exports from Croatia

After two years of growth, shipments abroad of cards incorporating an electronic integrated circuit (smart card) decreased by -2.3% to X units in 2022. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 86% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then declined modestly in the following year.

In value terms, smart card exports declined to $X in 2022. Over the period under review, exports, however, recorded a slight increase. The pace of growth was the most pronounced in 2013 with an increase of 77%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for smart card exports from Croatia, with a 51% share of total exports. Moreover, smart card exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Poland (X units), threefold. The third position in this ranking was held by Slovenia (X units), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina amounted to +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+203.6% per year) and Slovenia (+23.8% per year).

In value terms, the largest markets for smart card exported from Croatia were Bosnia and Herzegovina ($X), Slovakia ($X) and Poland ($X), with a combined 57% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +185.6%, saw the highest growth rate of 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

In 2022, the average smart card export price amounted to $X per unit, reducing by -12.9% against the previous year. Overall, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 45%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (-2.8%), while the prices for the other major destinations experienced a decline.

Smart Card Imports

Imports into Croatia

After four years of growth, purchases abroad of cards incorporating an electronic integrated circuit (smart card) decreased by -10.9% to X units in 2022. Overall, imports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 39% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, smart card imports soared to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 25%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Austria (X units) and Hungary (X units) were the main suppliers of smart card imports to Croatia, together comprising 61% of total imports. France, the Czech Republic, China, Italy, Slovakia and Singapore lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +42.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest smart card suppliers to Croatia were Austria ($X), Germany ($X) and the Czech Republic ($X), together comprising 64% of total imports.

The Czech Republic, with a CAGR of +29.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 smart card import price amounted to $X per unit, jumping by 30% against the previous year. Overall, the import price, however, showed a deep reduction. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 Singapore ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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