Croatia: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in Croatia

The Croatian liquid supply meter market soared to $X in 2021, with an increase of 44% against the previous year. Over the period under review, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +138.9% against 2013 indices. Liquid supply meter consumption peaked in 2021 and is likely to see gradual growth in the near future.

Liquid Supply Meter Production in Croatia

In value terms, liquid supply meter production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 136% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Liquid Supply Meter Exports

Exports from Croatia

In 2021, exports of liquid supply or production meters from Croatia shrank dramatically to X units, with a decrease of -59.1% on 2020 figures. In general, exports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2015 when exports increased by 235% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, liquid supply meter exports fell remarkably to $X in 2021. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 185% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for liquid supply meter exports from Croatia, with a 65% share of total exports. Moreover, liquid supply meter exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X units), threefold. The third position in this ranking was held by Kosovo (X units), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-2.0% per year) and Kosovo (0.0% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for liquid supply or production meters exports from Croatia, comprising 84% of total exports. The second position in the ranking was taken by Italy ($X), with a 4.7% share of total exports. It was followed by Kosovo, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+66.8% per year) and Kosovo (0.0% per year).

Export Prices by Country

In 2021, the average liquid supply meter export price amounted to $X per unit, increasing by 89% against the previous year. Overall, the export price showed a pronounced increase. The export price peaked at $X per unit in 2013; however, from 2014 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 Bosnia and Herzegovina ($X per unit), while the average price for exports to Slovenia ($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 Bulgaria (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports into Croatia

Liquid supply meter imports into Croatia soared to X units in 2021, with an increase of 38% against 2020. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 78% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, liquid supply meter imports soared to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X units), Slovenia (X units) and Italy (X units) were the main suppliers of liquid supply meter imports to Croatia, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +72.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and Slovenia ($X) were the largest liquid supply meter suppliers to Croatia, with a combined 78% share of total imports.

Slovakia, with a CAGR of +76.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 liquid supply meter import price amounted to $X per unit, jumping by 22% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 47% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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