Croatia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA 2025

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA in Croatia

In 2022, the Croatian market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -95.8% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, posted a pronounced expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

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

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a noticeable decrease. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Exports from Croatia

In 2022, overseas shipments of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -14.3% to X units, falling for the second year in a row after five years of growth. Over the period under review, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2020 when exports increased by 303%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA soared to $X in 2022. In general, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 231% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Serbia (X units) was the main destination for exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA from Croatia, accounting for a 62% share of total exports. Moreover, exports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Serbia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), twofold. Montenegro (X units) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Serbia amounted to +37.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+27.1% per year) and Montenegro (+4.6% per year).

In value terms, Serbia ($X) remains the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA exports from Croatia, comprising 67% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 24% share of total exports. It was followed by Montenegro, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Serbia stood at +41.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+90.0% per year) and Montenegro (+0.4% per year).

Export Prices by Country

In 2022, the average export price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, picking up by 272% against the previous year. In general, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 393% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Serbia ($X per unit), while the average price for exports to Germany ($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 Serbia (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity over 500 kVA

Imports into Croatia

In 2022, purchases abroad of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA decreased by -98.3% to X units, falling for the second consecutive year after three years of growth. Overall, imports, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of 23,971% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA totaled $X in 2022. In general, imports, however, recorded moderate growth. The growth pace was the most rapid in 2014 with an increase of 154%. Over the period under review, imports of attained the maximum at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X units), France (X units) and Spain (X units) were the main suppliers of imports of electrical transformers with non-liquid dielectric, of power handling capacity over X kVA to Croatia, with a combined 73% share of total imports. Hungary, Germany and Austria lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +35.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity over X kVA suppliers to Croatia were France ($X), Italy ($X) and Spain ($X), with a combined 81% share of total imports. Hungary, Germany and Austria lagged somewhat behind, together accounting for a further 18%.

Among the main suppliers, Germany, with a CAGR of +19.4%, 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 import price for electrical transformers with non-liquid dielectric, of power handling capacity over X kVA amounted to $X per unit, jumping by 6,619% against the previous year. Over the period under review, the import price, however, saw a drastic downturn. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :