Croatia: Electric Radiator Market 2025

Electric Radiator Market Size in Croatia

In 2021, the Croatian electric radiator market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption showed a buoyant increase. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in years to come.

Electric Radiator Production in Croatia

In value terms, electric radiator production surged to $X in 2021 estimated in export price. In general, production saw a abrupt setback. Electric radiator production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Electric Radiator Exports

Exports from Croatia

In 2021, shipments abroad of electric radiators and convection heaters increased by 35% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric radiator exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 40%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X units), Sweden (X units) and Bosnia and Herzegovina (X units) were the main destinations of electric radiator exports from Croatia, with a combined 74% share of total exports. The Czech Republic, Hungary, Montenegro, Serbia, Lithuania, Hong Kong SAR and Germany lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +217.0%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Bosnia and Herzegovina ($X) and Slovenia ($X) were the largest markets for electric radiator exported from Croatia worldwide, with a combined 80% share of total exports. These countries were followed by Germany, Hong Kong SAR, Serbia, Montenegro, the Czech Republic, Hungary and Lithuania, which together accounted for a further 17%.

Lithuania, with a CAGR of +199.4%, recorded 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 radiator export price amounted to $X per unit, leveling off at the previous year. Over the period under review, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 20%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Czech Republic ($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 Lithuania (+42.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Radiator Imports

Imports into Croatia

In 2021, after three years of decline, there was significant growth in supplies from abroad of electric radiators and convection heaters, when their volume increased by 58% to X units. In general, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric radiator imports soared to $X in 2021. Overall, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric radiator to Croatia, accounting for a 45% share of total imports. Moreover, electric radiator imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X units), threefold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+55.7% per year) and Germany (+23.8% per year).

In value terms, the largest electric radiator suppliers to Croatia were China ($X), Slovenia ($X) and Germany ($X), with a combined 63% share of total imports. Ukraine, Bulgaria, Italy, Lithuania, Hungary, Slovakia, Turkey and Poland lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, Ukraine, with a CAGR of +128.6%, saw 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

In 2021, the average electric radiator import price amounted to $X per unit, declining by -7.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2019 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2020, and then declined in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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