Croatia: Semiconductor Led Market 2025

Semiconductor Led Market Size in Croatia

The Croatian semiconductor LED market surged to $X in 2021, jumping by 28% against the previous year. Over the period under review, consumption recorded a buoyant expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Semiconductor Led Production in Croatia

In value terms, semiconductor LED production contracted dramatically to $X in 2021 estimated in export price. In general, production, however, posted noticeable growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by 89% against the previous year. Semiconductor LED production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Semiconductor Led Exports

Exports from Croatia

In 2021, approx. X units of semiconductor light emitting diodes (LEDs) were exported from Croatia; which is down by -18.7% on the previous year. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 1,257% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, semiconductor LED exports contracted to $X in 2021. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 878% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for semiconductor LED exports from Croatia, with a 47% share of total exports. Moreover, semiconductor LED exports to France exceeded the volume sent to the second major destination, Canada (X units), threefold. Italy (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France stood at +123.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+260.2% per year) and Italy (-2.1% per year).

In value terms, France ($X) remains the key foreign market for semiconductor light emitting diodes (LEDs) exports from Croatia, comprising 47% of total exports. The second position in the ranking was held by Canada ($X), with a 19% share of total exports. It was followed by Italy, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +98.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+250.0% per year) and Italy (-12.8% per year).

Export Prices by Country

In 2021, the average semiconductor LED export price amounted to $X per unit, rising by 4.9% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 10%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Italy ($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 Canada (-2.8%), while the prices for the other major destinations experienced a decline.

Semiconductor Led Imports

Imports into Croatia

For the third year in a row, Croatia recorded growth in overseas purchases of semiconductor light emitting diodes (LEDs), which increased by 22% to X units in 2021. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 2,552%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, semiconductor LED imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 934%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Slovenia (X units) constituted the largest supplier of semiconductor LED to Croatia, with a 65% share of total imports. Moreover, semiconductor LED imports from Slovenia exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovenia stood at +63.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.8% per year) and Germany (+20.4% per year).

In value terms, the largest semiconductor LED suppliers to Croatia were Slovenia ($X), China ($X) and Germany ($X), together comprising 60% of total imports.

In terms of the main suppliers, Slovenia, with a CAGR of +36.0%, saw 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 semiconductor LED import price amounted to $X per unit, approximately reflecting the previous year. Overall, the import price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 147%. Over the period under review, average import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-9.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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