Croatia: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Croatia

In 2021, the Croatian lamp plastic parts market was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -21.0% against 2018 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Lamp Plastic Parts Production in Croatia

In value terms, lamp plastic parts production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 150%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Lamp Plastic Parts Exports

Exports from Croatia

In 2021, shipments abroad of plastic parts for lamps and lighting fittings increased by 87% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 330% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, lamp plastic parts exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 155% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Qatar (X tons) was the main destination for lamp plastic parts exports from Croatia, accounting for a 42% share of total exports. Moreover, lamp plastic parts exports to Qatar exceeded the volume sent to the second major destination, Slovenia (X tons), twofold. The third position in this ranking was taken by Hungary (X kg), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Qatar stood at +481.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+34.6% per year) and Hungary (+72.6% per year).

In value terms, Qatar ($X) emerged as the key foreign market for plastic parts for lamps and lighting fittings exports from Croatia, comprising 57% of total exports. The second position in the ranking was taken by the United States ($X), with an 11% share of total exports. It was followed by Slovenia, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value to Qatar totaled +430.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-18.3% per year) and Slovenia (+49.1% per year).

Export Prices by Country

The average lamp plastic parts export price stood at $X per ton in 2021, picking up by 1.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 32%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Plastic Parts Imports

Imports into Croatia

Lamp plastic parts imports into Croatia skyrocketed to X tons in 2021, jumping by 29% compared with 2020. Overall, imports enjoyed strong growth. The growth pace was the most rapid in 2018 when imports increased by 45%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, lamp plastic parts imports skyrocketed to $X in 2021. In general, imports showed a buoyant increase. Over the period under review, imports reached the maximum at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X tons) constituted the largest lamp plastic parts supplier to Croatia, with a 43% share of total imports. Moreover, lamp plastic parts imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+24.4% per year) and Spain (+71.1% per year).

In value terms, the largest lamp plastic parts suppliers to Croatia were China ($X), Slovenia ($X) and Italy ($X), together comprising 71% of total imports. These countries were followed by Germany, Spain, Poland and Bosnia and Herzegovina, which together accounted for a further 19%.

In terms of the main suppliers, Spain, with a CAGR of +48.2%, 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

In 2021, the average lamp plastic parts import price amounted to $X per ton, growing by 16% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 19% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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