Croatia: Loudspeaker Market 2025

Loudspeaker Market Size in Croatia

The Croatian loudspeaker market stood at $X in 2022, surging by 7.7% against the previous year. Overall, consumption, however, continues to indicate a buoyant expansion. Loudspeaker consumption peaked in 2022 and is likely to see gradual growth in the near future.

Loudspeaker Production in Croatia

In value terms, loudspeaker production surged to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 146%. Loudspeaker production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Loudspeaker Exports

Exports from Croatia

In 2022, the amount of loudspeakers exported from Croatia soared to X units, growing by 68% against the previous year's figure. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 145% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, loudspeaker exports soared to $X in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 121% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Serbia (X units) was the main destination for loudspeaker exports from Croatia, with a 31% share of total exports. Moreover, loudspeaker exports to Serbia exceeded the volume sent to the second major destination, Poland (X units), twofold. Slovenia (X units) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Serbia totaled +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+167.2% per year) and Slovenia (+22.0% per year).

In value terms, Poland ($X), Slovenia ($X) and Serbia ($X) constituted the largest markets for loudspeaker exported from Croatia worldwide, together comprising 54% of total exports. Italy, Hong Kong SAR, the Czech Republic, the UK, Slovakia, Hungary, Austria, Montenegro, Bosnia and Herzegovina and Latvia lagged somewhat behind, together comprising a further 36%.

Hong Kong SAR, with a CAGR of +785.5%, saw the highest growth rate of 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 loudspeaker export price stood at $X per unit in 2022, dropping by -9.3% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the average export price increased by 59% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Latvia ($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 Hong Kong SAR (+72.7%), while the prices for the other major destinations experienced more modest paces of growth.

Loudspeaker Imports

Imports into Croatia

Loudspeaker imports into Croatia stood at X units in 2022, increasing by 3.8% compared with the previous year. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +8.6% 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 +22.8% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 41%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, loudspeaker imports soared to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2017 when imports increased by 41%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of loudspeaker to Croatia, accounting for a 29% share of total imports. Moreover, loudspeaker imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The Netherlands (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.6% per year) and the Netherlands (+47.4% per year).

In value terms, Slovenia ($X), the Netherlands ($X) and Germany ($X) constituted the largest loudspeaker suppliers to Croatia, with a combined 44% share of total imports. The Czech Republic, Italy, Hungary, Slovakia, China, Belgium, Poland and Romania lagged somewhat behind, together accounting for a further 42%.

In terms of the main suppliers, Romania, with a CAGR of +124.2%, 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 loudspeaker import price stood at $X per unit in 2022, picking up by 25% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, loudspeaker import price increased by +115.0% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 25%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($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 (+19.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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