Croatia: Remote Control Apparatus Market 2024

Remote Control Apparatus Market Size in Croatia

The Croatian remote control apparatus market surged to $X in 2021, increasing by 83% 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). In general, consumption recorded resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Remote Control Apparatus Exports

Exports from Croatia

In 2021, the amount of radio remote control apparatus exported from Croatia shrank markedly to X tons, waning by -19.5% on the year before. In general, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2015 with an increase of 237% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020, and then plummeted in the following year.

In value terms, remote control apparatus exports soared to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 207%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons), Slovenia (X tons) and Serbia (X kg) were the main destinations of remote control apparatus exports from Croatia, together accounting for 83% of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +92.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for radio remote control apparatus exports from Croatia, comprising 50% of total exports. The second position in the ranking was taken by Serbia ($X), with a 16% share of total exports. It was followed by Slovenia, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+41.8% per year) and Slovenia (+91.0% per year).

Export Prices by Country

In 2021, the average remote control apparatus export price amounted to $X per ton, surging by 48% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 93% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Serbia ($X per ton), while the average price for exports to Hungary ($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 Bosnia and Herzegovina (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Remote Control Apparatus Imports

Imports into Croatia

Remote control apparatus imports into Croatia surged to X tons in 2021, rising by 72% against the previous year's figure. Overall, imports saw a strong increase. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, remote control apparatus imports skyrocketed to $X in 2021. In general, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest remote control apparatus supplier to Croatia, with a 36% share of total imports. Moreover, remote control apparatus imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), threefold. Germany (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+20.9% per year) and Germany (-1.7% per year).

In value terms, the largest remote control apparatus suppliers to Croatia were Italy ($X), Germany ($X) and China ($X), with a combined 58% share of total imports. These countries were followed by Denmark, Hungary, Austria, Slovenia, the Netherlands, South Korea, Turkey and Bosnia and Herzegovina, which together accounted for a further 34%.

Among the main suppliers, Hungary, with a CAGR of +78.1%, saw 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 remote control apparatus import price stood at $X per ton in 2021, waning by -18.5% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, remote control apparatus import price decreased by -27.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 58% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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