Croatia: Non-Combined Refrigerator-Freezer Market 2024

Non-Combined Refrigerator-Freezer Market Size in Croatia

The Croatian non-combined refrigerator-freezer market declined to $X in 2022, falling by -6.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then declined in the following year.

Non-Combined Refrigerator-Freezer Exports

Exports from Croatia

In 2022, after ten years of growth, there was significant decline in overseas shipments of household refrigerators and freezers (not combined), when their volume decreased by -20.4% to X units. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 193% against the previous year. The exports peaked at X units in 2021, and then reduced notably in the following year.

In value terms, non-combined refrigerator-freezer exports fell rapidly to $X in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 155% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Slovenia (X units) was the main destination for non-combined refrigerator-freezer exports from Croatia, with a 43% share of total exports. Moreover, non-combined refrigerator-freezer exports to Slovenia exceeded the volume sent to the second major destination, Hungary (X units), threefold. The third position in this ranking was held by Romania (X units), with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+117.1% per year) and Romania (+52.4% per year).

In value terms, Slovenia ($X) remains the key foreign market for household refrigerators and freezers (not combined) exports from Croatia, comprising 38% of total exports. The second position in the ranking was held by Serbia ($X), with an 11% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia stood at +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+21.8% per year) and Hungary (+178.8% per year).

Export Prices by Country

The average non-combined refrigerator-freezer export price stood at $X per unit in 2022, which is down by -1.9% against the previous year. Overall, the export price showed a pronounced slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 11%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Poland ($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 Hungary (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Combined Refrigerator-Freezer Imports

Imports into Croatia

In 2022, imports of household refrigerators and freezers (not combined) into Croatia contracted to X units, dropping by -10.4% against 2021. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +8.9% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 32%. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, non-combined refrigerator-freezer imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 36% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

China (X units), Turkey (X units) and Serbia (X units) were the main suppliers of non-combined refrigerator-freezer imports to Croatia, together accounting for 76% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +13.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Serbia ($X) appeared to be the largest non-combined refrigerator-freezer suppliers to Croatia, together comprising 64% of total imports.

Among the main suppliers, China, with a CAGR of +13.1%, 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

The average non-combined refrigerator-freezer import price stood at $X per unit in 2022, increasing by 2.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 44%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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