Croatia: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Croatia

The Croatian market for residential, commercial and industrial lighting fixture soared to $X in 2021, picking up by 21% against the previous year. Over the period under review, consumption continues to indicate a strong increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Production of Residential, Commercial and Industrial Lighting Fixture in Croatia

In value terms, production of residential, commercial and industrial lighting fixture expanded slightly to $X in 2021 estimated in export price. Over the period under review, the total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.6% against 2013 indices. The pace of growth was the most pronounced in 2014 with an increase of 19% against the previous year. Over the period under review, production of attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Croatia

After two years of decline, overseas shipments of residential, commercial and industrial lighting fixture increased by 6.5% to X units in 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 44%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. Overall, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 38% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Slovenia (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from Croatia, accounting for a 52% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fourfold. The third position in this ranking was taken by Serbia (X units), with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia stood at -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+1.0% per year) and Serbia (+9.0% per year).

In value terms, Slovenia ($X) remains the key foreign market for residential, commercial and industrial lighting fixture exports from Croatia, comprising 46% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with an 8.1% share of total exports. It was followed by Serbia, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+2.2% per year) and Serbia (+14.6% per year).

Export Prices by Country

The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, picking up by 12% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for residential, commercial and industrial lighting fixture increased by +87.8% against 2012 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 28% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Hungary ($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 Romania (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Croatia

In 2021, approx. X units of residential, commercial and industrial lighting fixture were imported into Croatia; increasing by 20% on the previous year. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Hungary (X units) and Germany (X units) were the main suppliers of imports of residential, commercial and industrial lighting fixture to Croatia, together accounting for 48% of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +47.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest residential, commercial and industrial lighting fixture suppliers to Croatia were Hungary ($X), Germany ($X) and Austria ($X), together comprising 43% of total imports.

Hungary, with a CAGR of +49.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 import price for residential, commercial and industrial lighting fixture amounted to $X per unit, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2018 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, 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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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