Croatia: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in Croatia

After two years of decline, the Croatian non-electric bakery oven market increased by 21% to $X in 2022. In general, consumption continues to indicate a noticeable downturn. Non-electric bakery oven consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Non-Electric Bakery Oven Production in Croatia

In value terms, non-electric bakery oven production shrank notably to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 242%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Electric Bakery Oven Exports

Exports from Croatia

After three years of growth, shipments abroad of non-electric bakery ovens decreased by -59.1% to X units in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 423%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric bakery oven exports contracted dramatically to $X in 2022. In general, exports, however, posted noticeable growth. The pace of growth was the most pronounced in 2014 with an increase of 451% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for non-electric bakery oven exports from Croatia, with a 61% share of total exports. Moreover, non-electric bakery oven exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Serbia (X units), fourfold. The third position in this ranking was taken by Montenegro (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+4.1% per year) and Montenegro (-4.0% per year).

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for non-electric bakery ovens exports from Croatia, comprising 63% of total exports. The second position in the ranking was taken by Serbia ($X), with a 19% share of total exports. It was followed by Montenegro, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina totaled +47.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+4.0% per year) and Montenegro (-7.4% per year).

Export Prices by Country

The average non-electric bakery oven export price stood at $X per unit in 2022, surging by 64% against the previous year. Overall, the export price enjoyed a notable expansion. The most prominent rate of growth was recorded in 2019 an increase of 213% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to North Macedonia ($X per unit) and Germany ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) and Serbia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Bakery Oven Imports

Imports into Croatia

In 2022, imports of non-electric bakery ovens into Croatia dropped rapidly to X units, waning by -37.9% against the year before. Overall, imports showed a mild setback. The pace of growth was the most pronounced in 2016 when imports increased by 217% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-electric bakery oven imports contracted to $X in 2022. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2016 when imports increased by 218%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest non-electric bakery oven supplier to Croatia, accounting for a 78% share of total imports. Moreover, non-electric bakery oven imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X units), tenfold. The third position in this ranking was held by Slovenia (X units), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+23.2% per year) and Slovenia (-2.2% per year).

In value terms, Italy ($X) constituted the largest supplier of non-electric bakery ovens to Croatia, comprising 87% of total imports. The second position in the ranking was held by Slovenia ($X), with a 5% share of total imports. It was followed by Serbia, with a 5% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-3.8% per year) and Serbia (-7.6% per year).

Import Prices by Country

In 2022, the average non-electric bakery oven import price amounted to $X per unit, growing by 51% against the previous year. In general, the import price, however, saw a noticeable decrease. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for Bosnia and Herzegovina ($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 (+12.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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