Croatia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA in Croatia

In 2022, after four years of growth, there was significant decline in the Croatian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA, when its value decreased by -83.1% to $X. In general, consumption, however, saw a strong increase. Consumption of peaked at $X in 2021, and then contracted significantly in the following year.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Croatia

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of 145% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Exports from Croatia

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -97% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 with an increase of 1,671%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA shrank to $X in 2022. Overall, exports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 287% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Croatia, accounting for a 63% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X units), threefold. The third position in this ranking was held by Bulgaria (X units), with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +15.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+9.6% per year) and Bulgaria (+52.3% per year).

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Croatia, comprising 42% of total exports. The second position in the ranking was held by Israel ($X), with an 18% share of total exports. It was followed by North Macedonia, with a 17% share.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (0.0% per year) and North Macedonia (+25.2% per year).

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, increasing by 3,158% against the previous year. In general, the export price showed a temperate increase. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Slovenia ($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 North Macedonia (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 1 kVA to 16 kVA

Imports into Croatia

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA decreased by -89.5% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 375%. Over the period under review, imports of attained the peak figure at X units in 2021, and then reduced dramatically in the following year.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Bulgaria (X units) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Croatia, accounting for a 54% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Bulgaria exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Italy (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bulgaria stood at +128.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+26.4% per year) and Italy (+6.7% per year).

In value terms, Germany ($X) constituted the largest supplier of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA to Croatia, comprising 79% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.3% share of total imports. It was followed by Slovenia, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.2% per year) and Slovenia (+12.9% per year).

Import Prices by Country

The average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, surging by 1,731% against the previous year. Overall, the import price enjoyed a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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