Croatia: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2024

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Croatia

The Croatian market for non-electronic instruments for measuring or checking variables of liquids or gases dropped to $X in 2021, falling by -5.8% against the previous year. Over the period under review, consumption continues to indicate a pronounced descent. Non-electronic liquid or gas measurer consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in Croatia

In value terms, non-electronic liquid or gas measurer production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.7% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 59%. Non-electronic liquid or gas measurer production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from Croatia

In 2021, non-electronic liquid or gas measurer exports from Croatia rose modestly to X units, increasing by 3.6% against the previous year's figure. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 217% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, non-electronic liquid or gas measurer exports amounted to $X in 2021. Overall, exports showed prominent growth. The growth pace was the most rapid in 2013 when exports increased by 203% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X units), Switzerland (X units) and France (X units) were the main destinations of non-electronic liquid or gas measurer exports from Croatia, together comprising 51% of total exports. Belgium, Norway, Slovenia, Germany, Italy, Serbia, Romania and Sweden lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +186.8%), while the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Switzerland ($X) and France ($X) appeared to be the largest markets for non-electronic liquid or gas measurer exported from Croatia worldwide, together comprising 47% of total exports. Belgium, Slovenia, Germany, Norway, Serbia, Sweden, Romania and Italy lagged somewhat behind, together accounting for a further 37%.

Sweden, with a CAGR of +220.6%, saw the highest growth rate of the value of exports, among 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

In 2021, the average export price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, picking up by 4.3% against the previous year. Over the period under review, the export price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2014 an increase of 22% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Norway ($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 Sweden (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into Croatia

In 2021, the amount of non-electronic instruments for measuring or checking variables of liquids or gases imported into Croatia expanded remarkably to X units, surging by 7.9% compared with the year before. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -8.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 34%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, non-electronic liquid or gas measurer imports reached $X in 2021. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when imports increased by 27%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Germany (X units) and Austria (X units) were the main suppliers of non-electronic liquid or gas measurer imports to Croatia, with a combined 67% share of total imports. These countries were followed by Poland, Slovenia, the Czech Republic and Denmark, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Italy ($X) were the largest non-electronic liquid or gas measurer suppliers to Croatia, with a combined 59% share of total imports.

In terms of the main suppliers, Austria, with a CAGR of +35.1%, 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 import price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2021, reducing by -3.8% against the previous year. Overall, the import price showed a pronounced shrinkage. The growth pace was the most rapid in 2020 an increase of 16% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Denmark ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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