Croatia: Market for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam 2024

Market Size for Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Croatia

In 2022, the Croatian market for central heating boilers, for producing hot water or low pressure steam decreased by -30.4% to $X, falling for the second year in a row after three years of growth. In general, consumption, however, recorded measured growth. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam in Croatia

In value terms, production of central heating boilers, for producing hot water or low pressure steam declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +79.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

Exports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Exports from Croatia

In 2022, approx. X units of central heating boilers, for producing hot water or low pressure steam were exported from Croatia; picking up by 13% compared with the previous year's figure. Overall, total exports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 17%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of central heating boilers, for producing hot water or low pressure steam surged to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 42% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

France (X units), Serbia (X units) and Bosnia and Herzegovina (X units) were the main destinations of exports of central heating boilers, for producing hot water or low pressure steam from Croatia, with a combined 51% share of total exports. These countries were followed by Germany, Italy, Slovenia, Latvia and North Macedonia, which together accounted for a further 39%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +65.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Serbia ($X) and Germany ($X) constituted the largest markets for central heating boilers, for producing hot water or low pressure steam exported from Croatia worldwide, with a combined 63% share of total exports. Italy, Slovenia, Bosnia and Herzegovina, Latvia and North Macedonia lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Latvia, with a CAGR of +65.8%, 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

In 2022, the average export price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, increasing by 3.6% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for central heating boilers, for producing hot water or low pressure steam increased by +97.5% against 2016 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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 Germany ($X per unit), while the average price for exports to North Macedonia ($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 Russia (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Central Heating Boilers, For Producing Hot Water Or Low Pressure Steam

Imports into Croatia

For the third year in a row, Croatia recorded growth in supplies from abroad of central heating boilers, for producing hot water or low pressure steam, which increased by 35% to X units in 2022. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports of reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of central heating boilers, for producing hot water or low pressure steam dropped to $X in 2022. Over the period under review, imports posted measured growth. The growth pace was the most rapid in 2017 when imports increased by 58%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

Turkey (X units), Slovakia (X units) and Germany (X units) were the main suppliers of imports of central heating boilers, for producing hot water or low pressure steam to Croatia, with a combined 74% share of total imports. Serbia, Bosnia and Herzegovina, Iran, Italy, Slovenia and the Czech Republic lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +598.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) constituted the largest supplier of central heating boilers, for producing hot water or low pressure steam to Croatia, comprising 52% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by Turkey, with an 8.4% share.

From 2012 to 2022, the average annual growth rate of value from Slovakia amounted to +41.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.9% per year) and Turkey (+4.4% per year).

Import Prices by Country

In 2022, the average import price for central heating boilers, for producing hot water or low pressure steam amounted to $X per unit, reducing by -32.5% against the previous year. In general, the import price, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 36% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per unit), while the price for Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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