Croatia: Radio Receiver Market 2025

Radio Receiver Market Size in Croatia

The Croatian radio receiver market expanded sharply to $X in 2022, increasing by 9.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a slight decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Radio Receiver Exports

Exports from Croatia

In 2022, overseas shipments of radio receivers decreased by -2.1% to X units, falling for the second consecutive year after six years of growth. Over the period under review, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 309%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, radio receiver exports expanded significantly to $X in 2022. In general, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 109%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Slovenia (X units), Bosnia and Herzegovina (X units) and Latvia (X units) were the main destinations of radio receiver exports from Croatia, together accounting for 72% of total exports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +261.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) remains the key foreign market for radio receivers exports from Croatia, comprising 53% of total exports. The second position in the ranking was held by Latvia ($X), with a 12% share of total exports. It was followed by the Czech Republic, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia totaled +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+189.3% per year) and the Czech Republic (+33.8% per year).

Export Prices by Country

In 2022, the average radio receiver export price amounted to $X per unit, picking up by 12% against the previous year. Overall, the export price enjoyed notable growth. The pace of growth appeared the most rapid in 2021 an increase of 171% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Radio Receiver Imports

Imports into Croatia

In 2022, the amount of radio receivers imported into Croatia rose modestly to X units, growing by 3.1% against 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 15% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, radio receiver imports rose sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and France (X units) were the main suppliers of radio receiver imports to Croatia, with a combined 41% share of total imports. Hungary, Denmark, the Netherlands, Taiwan (Chinese), Poland and the Czech Republic lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +103.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest radio receiver suppliers to Croatia were Germany ($X), the Netherlands ($X) and China ($X), with a combined 49% share of total imports. The Czech Republic, Hungary, France, Taiwan (Chinese), Poland and Denmark lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, Poland, with a CAGR of +74.9%, recorded the highest growth rate of 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 radio receiver import price stood at $X per unit in 2022, with an increase of 7.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 27%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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