Croatia: Capacitor Market 2024

Capacitor Market Size in Croatia

The Croatian capacitor market surged to $X in 2021, increasing by 17% against the previous year. Overall, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.4% against 2019 indices. Capacitor consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Capacitor Production in Croatia

In value terms, capacitor production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 255% against the previous year. As a result, production reached the peak level of $X, and then declined dramatically in the following year.

Capacitor Exports

Exports from Croatia

After six years of growth, shipments abroad of electrical capacitors decreased by -17.5% to X tons in 2021. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 367% against the previous year. The exports peaked at X tons in 2020, and then fell markedly in the following year.

In value terms, capacitor exports skyrocketed to $X in 2021. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 115%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons), Italy (X tons) and Austria (X tons) were the main destinations of capacitor exports from Croatia, together comprising 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +109.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) emerged as the key foreign market for electrical capacitors exports from Croatia, comprising 53% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Austria stood at +153.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+39.3% per year) and Italy (+26.8% per year).

Export Prices by Country

In 2021, the average capacitor export price amounted to $X per ton, growing by 54% against the previous year. In general, the export price, however, showed a perceptible shrinkage. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+21.0%), while the prices for the other major destinations experienced a decline.

Capacitor Imports

Imports into Croatia

In 2021, approx. X tons of electrical capacitors were imported into Croatia; with an increase of 28% compared with 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, capacitor imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.2% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Germany (X tons) and Slovenia (X tons) were the main suppliers of capacitor imports to Croatia, with a combined 89% share of total imports. Austria, Romania and the Czech Republic lagged somewhat behind, together comprising a further 6.3%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +84.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Italy ($X) were the largest capacitor suppliers to Croatia, together accounting for 83% of total imports. Slovenia, Romania and the Czech Republic lagged somewhat behind, together accounting for a further 9.8%.

In terms of the main suppliers, Romania, with a CAGR of +47.2%, 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

The average capacitor import price stood at $X per ton in 2021, jumping by 24% against the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, capacitor import price increased by +49.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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