Croatia: Electronic Chip Market 2024

Electronic Chip Market Size in Croatia

In 2021, the Croatian electronic chip market increased by 80% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a prominent increase. Electronic chip consumption peaked in 2021 and is expected to retain growth in the near future.

Electronic Chip Production in Croatia

In value terms, electronic chip production soared to $X in 2021 estimated in export price. Overall, production showed significant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Electronic Chip Exports

Exports from Croatia

Electronic chip exports from Croatia soared to X units in 2021, surging by 60% against 2020. In general, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 228% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, electronic chip exports soared to $X in 2021. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2019 with an increase of 136%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bulgaria (X units), Finland (X units) and the Czech Republic (X units) were the main destinations of electronic chip exports from Croatia, with a combined 43% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +390.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electronic chip exported from Croatia were Finland ($X), the Czech Republic ($X) and Germany ($X), together comprising 57% of total exports. These countries were followed by Bosnia and Herzegovina, Slovenia, the Netherlands, Switzerland, Bulgaria, Serbia, Italy, Montenegro, North Macedonia and Slovakia, which together accounted for a further 29%.

Bulgaria, with a CAGR of +288.4%, recorded the highest rates of growth with regard to the value of exports, among 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 2021, the average electronic chip export price amounted to $X per unit, declining by -2.6% against the previous year. Overall, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic chip export price increased by +14.7% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 25%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Bulgaria (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Chip Imports

Imports into Croatia

In 2021, approx. X units of electronic chips were imported into Croatia; jumping by 117% against 2020 figures. Overall, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electronic chip imports surged to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +10.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.7% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of electronic chip imports to Croatia, together comprising 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +51.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Germany ($X) and Italy ($X) constituted the largest electronic chip suppliers to Croatia, together comprising 61% of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +49.1%, saw 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 electronic chip import price stood at $X per unit in 2021, dropping by -27.2% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic chip import price decreased by -30.4% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 31% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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