Croatia: Electrical Signalling Apparatus Market 2025

Electrical Signalling Apparatus Market Size in Croatia

The Croatian electrical signalling apparatus market shrank notably to $X in 2022, waning by -15% against the previous year. Overall, consumption, however, saw prominent growth. Electrical signalling apparatus consumption peaked at $X in 2021, and then reduced notably in the following year.

Electrical Signalling Apparatus Production in Croatia

In value terms, electrical signalling apparatus production contracted to $X in 2022 estimated in export price. Overall, production posted prominent growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 147%. Over the period under review, production attained the maximum level at $X in 2018; afterwards, it flattened through to 2022.

Electrical Signalling Apparatus Exports

Exports from Croatia

Electrical signalling apparatus exports from Croatia amounted to X units in 2022, approximately reflecting 2021 figures. The total export volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 35%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, electrical signalling apparatus exports amounted to $X in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.5% 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 +17.9% against 2020 indices. The pace of growth was the most pronounced in 2013 when exports increased by 37% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X units), Norway (X units) and China (X units) were the main destinations of electrical signalling apparatus exports from Croatia, with a combined 42% share of total exports. Finland, the Netherlands, Serbia, Slovenia, the United States, Sweden, North Macedonia, Italy, Germany and Montenegro lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +36.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for electrical apparatus for sound or visual signalling exports from Croatia, comprising 26% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 13% share of total exports. It was followed by Finland, with an 8.8% share.

From 2012 to 2022, the average annual growth rate of value to Norway amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+16.1% per year) and Finland (+22.2% per year).

Export Prices by Country

The average electrical signalling apparatus export price stood at $X per unit in 2022, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 23% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Slovenia ($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 Sweden (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Signalling Apparatus Imports

Imports into Croatia

In 2022, imports of electrical apparatus for sound or visual signalling into Croatia declined dramatically to X units, which is down by -28.8% compared with 2021. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 94%. Imports peaked at X units in 2021, and then fell sharply in the following year.

In value terms, electrical signalling apparatus imports fell to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37%. As a result, imports attained the peak of $X, and then declined slightly in the following year.

Imports by Country

In 2022, Slovenia (X units) constituted the largest electrical signalling apparatus supplier to Croatia, accounting for a 41% share of total imports. Moreover, electrical signalling apparatus imports from Slovenia exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Ukraine (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Slovenia amounted to +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.4% per year) and Ukraine (+103.1% per year).

In value terms, the largest electrical signalling apparatus suppliers to Croatia were Ukraine ($X), Germany ($X) and Austria ($X), together accounting for 48% of total imports.

In terms of the main suppliers, Ukraine, with a CAGR of +74.2%, 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 2022, the average electrical signalling apparatus import price amounted to $X per unit, rising by 35% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 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 Austria ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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