Croatia: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Croatia

The Croatian lithium-ion accumulator market expanded notably to $X in 2021, increasing by 7.9% against the previous year. Overall, consumption continues to indicate a significant expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Lithium-Ion Accumulator Production in Croatia

In value terms, lithium-ion accumulator production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Lithium-Ion Accumulator Exports

Exports from Croatia

In 2021, lithium-ion accumulator exports from Croatia skyrocketed to X units, surging by 509% against 2020 figures. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium-ion accumulator exports surged to $X in 2021. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 575%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The Netherlands (X units) was the main destination for lithium-ion accumulator exports from Croatia, with a 31% share of total exports. Moreover, lithium-ion accumulator exports to the Netherlands exceeded the volume sent to the second major destination, Russia (X units), twofold. Poland (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +147.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+411.7% per year) and Poland (+132.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for lithium-ion accumulators exports from Croatia, comprising 23% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Poland, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +98.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+121.1% per year) and Poland (+114.3% per year).

Export Prices by Country

In 2021, the average lithium-ion accumulator export price amounted to $X per unit, reducing by -41.6% against the previous year. In general, the export price, however, enjoyed notable growth. The pace of growth was the most pronounced in 2016 an increase of 280% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Malawi ($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 (+5.0%), while the prices for the other major destinations experienced a decline.

Lithium-Ion Accumulator Imports

Imports into Croatia

In 2021, approx. X units of lithium-ion accumulators were imported into Croatia; jumping by 72% on the previous year's figure. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2019 when imports increased by 133% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, lithium-ion accumulator imports soared to $X in 2021. In general, imports recorded a significant increase. The growth pace was the most rapid in 2018 when imports increased by 81%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of lithium-ion accumulator imports to Croatia, with a combined 66% share of total imports. These countries were followed by Slovenia, Hungary, Poland and the Netherlands, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +127.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lithium-ion accumulator suppliers to Croatia were Germany ($X), China ($X) and Slovenia ($X), with a combined 58% share of total imports.

Slovenia, with a CAGR of +112.7%, 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 lithium-ion accumulator import price amounted to $X per unit, standing approx. at the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 48%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovenia ($X per unit), while the price for Italy ($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 Netherlands (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform