Croatia: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in Croatia

In 2021, the Croatian electronic material tester market increased by 41% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +43.6% against 2019 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Electronic Material Tester Production in Croatia

In value terms, electronic material tester production fell to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt contraction. The growth pace was the most rapid in 2016 when the production volume increased by 164% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Electronic Material Tester Exports

Exports from Croatia

In 2021, electronic material tester exports from Croatia contracted slightly to X units, remaining relatively unchanged against the previous year. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 45,394% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, electronic material tester exports fell to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 76,271% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Serbia (X units), Bosnia and Herzegovina (X units) and Montenegro (X units) were the main destinations of electronic material tester exports from Croatia, together accounting for 98% of total exports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +72.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Bosnia and Herzegovina ($X) and Montenegro ($X) were the largest markets for electronic material tester exported from Croatia worldwide, together comprising 96% of total exports.

Serbia, with a CAGR of +80.0%, saw 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

The average electronic material tester export price stood at $X per unit in 2021, dropping by -6.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 180% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Serbia ($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 Bosnia and Herzegovina (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Electronic Material Tester Imports

Imports into Croatia

In 2021, the amount of electronic machines and appliances for testing materials imported into Croatia soared to X units, rising by 89% compared with the year before. In general, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electronic material tester imports surged to $X in 2021. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 177% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X units), Italy (X units) and Austria (X units) were the main suppliers of electronic material tester imports to Croatia, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +43.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovenia ($X) and Austria ($X) were the largest electronic material tester suppliers to Croatia, together comprising 67% of total imports.

In terms of the main suppliers, Austria, with a CAGR of +45.4%, recorded 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

In 2021, the average electronic material tester import price amounted to $X per unit, rising by 4.6% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic material tester import price increased by +21.1% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 56%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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