Croatia: Electric Heating Equipment Market 2025

Electric Heating Equipment Market Size in Croatia

In 2022, the Croatian electric heating equipment market increased by 16% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a remarkable increase. Electric heating equipment consumption peaked in 2022 and is likely to see gradual growth in years to come.

Electric Heating Equipment Production in Croatia

In value terms, electric heating equipment production reached $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced decrease. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Electric Heating Equipment Exports

Exports from Croatia

In 2022, shipments abroad of electric space heating apparatus and soil heating apparatus increased by 49% to X units, rising for the fifth year in a row after two years of decline. Overall, exports continue to indicate a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating equipment exports surged to $X in 2022. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 40% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Slovenia (X units) was the main destination for electric heating equipment exports from Croatia, accounting for a 47% share of total exports. Moreover, electric heating equipment exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), threefold. The third position in this ranking was taken by Sweden (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia stood at +57.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+9.5% per year) and Sweden (+1.0% per year).

In value terms, Slovenia ($X), Bosnia and Herzegovina ($X) and Sweden ($X) were the largest markets for electric heating equipment exported from Croatia worldwide, together comprising 84% of total exports. Germany, Poland, the Czech Republic and Montenegro lagged somewhat behind, together comprising a further 9%.

Poland, with a CAGR of +147.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average electric heating equipment export price stood at $X per unit in 2022, which is down by -7.4% against the previous year. Over the period under review, the export price saw a pronounced reduction. 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 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($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 (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Heating Equipment Imports

Imports into Croatia

In 2022, supplies from abroad of electric space heating apparatus and soil heating apparatus increased by 15% to X units, rising for the second consecutive year after three years of decline. Overall, imports recorded a strong expansion. The growth pace was the most rapid in 2021 with an increase of 56%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, electric heating equipment imports skyrocketed to $X in 2022. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest electric heating equipment supplier to Croatia, accounting for a 39% share of total imports. Moreover, electric heating equipment imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X units), twofold. Germany (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, 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 (+51.4% per year) and Germany (+15.2% per year).

In value terms, China ($X), Slovenia ($X) and Germany ($X) constituted the largest electric heating equipment suppliers to Croatia, with a combined 58% share of total imports. Bulgaria, the Netherlands, Italy, Ukraine, Lithuania and Turkey lagged somewhat behind, together comprising a further 29%.

In terms of the main suppliers, Ukraine, with a CAGR of +107.8%, 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

The average electric heating equipment import price stood at $X per unit in 2022, picking up by 9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2019 an increase of 21%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Italy ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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