Croatia: Test And Measurement Market 2024

Test And Measurement Market Size in Croatia

The Croatian test and measurement market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a sharp setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Test And Measurement Production in Croatia

In value terms, test and measurement production shrank markedly to $X in 2021 estimated in export price. Over the period under review, production saw a sharp downturn. The pace of growth was the most pronounced in 2016 when the production volume increased by 5,098%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Test And Measurement Exports

Exports from Croatia

After two years of decline, shipments abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by 33% to X units in 2021. Overall, exports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 301%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, test and measurement exports totaled $X in 2021. Over the period under review, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 109% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

Slovenia (X units), Bosnia and Herzegovina (X units) and Serbia (X units) were the main destinations of test and measurement exports from Croatia, together comprising 50% of total exports. Germany, Italy, Poland, Albania, Austria, the Netherlands, Montenegro, the UK, North Macedonia and Kosovo lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Kosovo (with a CAGR of +136.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for test and measurement exported from Croatia worldwide, together accounting for 52% of total exports. These countries were followed by Poland, the UK, Austria, Italy, Germany, the Netherlands, North Macedonia, Kosovo, Montenegro and Albania, which together accounted for a further 35%.

In terms of the main countries of destination, Kosovo, with a CAGR of +210.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average test and measurement export price stood at $X per unit in 2021, reducing by -21.2% against the previous year. Over the period under review, the export price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 508% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Albania ($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 Kosovo (+31.2%), while the prices for the other major destinations experienced more modest paces of growth.

Test And Measurement Imports

Imports into Croatia

In 2021, overseas purchases of instruments and apparatus for measuring or checking pressure of liquids or gasses were finally on the rise to reach X units after two years of decline. Overall, imports saw a perceptible increase. The growth pace was the most rapid in 2018 when imports increased by 294% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, test and measurement imports surged to $X in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Austria (X units) and Italy (X units) were the main suppliers of test and measurement imports to Croatia, with a combined 64% share of total imports. These countries were followed by Poland, Hungary, Slovenia, Denmark and China, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +37.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of instruments and apparatus for measuring or checking pressure of liquids or gasses to Croatia, comprising 41% of total imports. The second position in the ranking was held by Austria ($X), with a 13% share of total imports. It was followed by Slovenia, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+25.8% per year) and Slovenia (+6.6% per year).

Import Prices by Country

The average test and measurement import price stood at $X per unit in 2021, picking up by 1.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 203% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 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 China ($X per unit), while the price for Denmark ($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 (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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