Croatia: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Croatia

The Croatian electric filament lamp market soared to $X in 2021, jumping by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a abrupt slump. Electric filament lamp consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Electric Filament Lamp Exports

Exports from Croatia

In 2021, overseas shipments of electric filament lamps increased by 2.3% to X units, rising for the third year in a row after three years of decline. Overall, exports recorded a strong expansion. The growth pace was the most rapid in 2013 with an increase of 229% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, electric filament lamp exports soared to $X in 2021. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 278%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for electric filament lamp exports from Croatia, accounting for a 33% share of total exports. Moreover, electric filament lamp exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X units), twofold. The third position in this ranking was taken by Italy (X units), with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina totaled +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+9.4% per year) and Italy (+39.5% per year).

In value terms, the largest markets for electric filament lamp exported from Croatia were Slovenia ($X), Bosnia and Herzegovina ($X) and Italy ($X), with a combined 82% share of total exports.

Italy, with a CAGR of +44.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average electric filament lamp export price amounted to $X per unit, picking up by 25% against the previous year. Overall, the export price enjoyed a prominent expansion. The growth pace was the most rapid in 2014 an increase of 232%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Filament Lamp Imports

Imports into Croatia

In 2021, the amount of electric filament lamps imported into Croatia soared to X units, growing by 39% compared with the previous year's figure. Over the period under review, imports, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 289%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, electric filament lamp imports totaled $X in 2021. Overall, imports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 30%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electric filament lamp supplier to Croatia, accounting for a 52% share of total imports. Moreover, electric filament lamp imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), eightfold. The third position in this ranking was held by Greece (X units), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+19.3% per year) and Greece (0.0% per year).

In value terms, the largest electric filament lamp suppliers to Croatia were China ($X), Germany ($X) and Poland ($X), with a combined 65% share of total imports. These countries were followed by the Czech Republic, Hungary, Austria and Greece, which together accounted for a further 18%.

Among the main suppliers, the Czech Republic, with a CAGR of +36.2%, recorded 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 2021, the average electric filament lamp import price amounted to $X per unit, shrinking by -18.7% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of 247%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for Greece (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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