Croatia: Electrical Transformer Market 2025

Electrical Transformer Market Size in Croatia

The Croatian electrical transformer market shrank notably to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a precipitous slump. The growth pace was the most rapid in 2018 when the market value increased by X%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Electrical Transformer Production in Croatia

In value terms, electrical transformer production declined rapidly to $X in 2022 estimated in export price. In general, production, however, showed a dramatic slump. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then shrank notably in the following year.

Electrical Transformer Exports

Exports from Croatia

In 2022, after two years of growth, there was decline in overseas shipments of electrical transformers, when their volume decreased by X% to X units. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then declined modestly in the following year.

In value terms, electrical transformer exports soared to $X in 2022. Overall, total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2018 indices. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for electrical transformer exports from Croatia, accounting for a X% share of total exports. Moreover, electrical transformer exports to the United States exceeded the volume sent to the second major destination, Italy (X units), fourfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Germany (X% per year).

In value terms, the largest markets for electrical transformer exported from Croatia were the United States ($X), Germany ($X) and Sweden ($X), together comprising X% of total exports. The UK, the Netherlands, the Czech Republic, Italy, Spain, Greece, Bosnia and Herzegovina, Chile and Moldova lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded 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

In 2022, the average electrical transformer export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, faced a dramatic decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Chile ($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 the Netherlands (X%), while the prices for the other major destinations experienced a decline.

Electrical Transformer Imports

Imports into Croatia

In 2022, purchases abroad of electrical transformers decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then contracted sharply in the following year.

In value terms, electrical transformer imports surged to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Italy (X units) constituted the largest electrical transformer supplier to Croatia, with a X% share of total imports. Moreover, electrical transformer imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), more than tenfold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and China (X% per year).

In value terms, the largest electrical transformer suppliers to Croatia were Italy ($X), Germany ($X) and Poland ($X), together accounting for X% of total imports.

In terms of the main suppliers, Poland, with a CAGR of X%, 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

The average electrical transformer import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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