Croatia: Market for Ultraviolet Or Infrared Lamps And Arc Lamps 2024

Market Size for Ultraviolet Or Infrared Lamps And Arc Lamps in Croatia

The Croatian market for ultraviolet or infrared lamps and arc lamps was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Ultraviolet Or Infrared Lamps And Arc Lamps

Exports from Croatia

In 2021, after two years of growth, there was significant decline in overseas shipments of ultraviolet or infrared lamps and arc lamps, when their volume decreased by -55.9% to X units. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 458% against the previous year. The exports peaked at X units in 2020, and then contracted sharply in the following year.

In value terms, ultraviolet, infrared, or arc lamp exports dropped dramatically to $X in 2021. Over the period under review, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 408%. Over the period under review, the exports reached the peak figure at $X in 2020, and then shrank notably in the following year.

Exports by Country

Portugal (X units), Germany (X units) and Romania (X units) were the main destinations of ultraviolet, infrared, or arc lamp exports from Croatia, together accounting for 65% of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +232.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Serbia ($X) and Bosnia and Herzegovina ($X) were the largest markets for ultraviolet, infrared, or arc lamp exported from Croatia worldwide, with a combined 57% share of total exports. Germany, the Netherlands, Romania, Austria and Spain lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, Romania, with a CAGR of +410.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for ultraviolet or infrared lamps and arc lamps stood at $X per unit in 2021, increasing by 9.2% against the previous year. Over the period under review, the export price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 23% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Spain ($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 (+53.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ultraviolet Or Infrared Lamps And Arc Lamps

Imports into Croatia

Ultraviolet, infrared, or arc lamp imports into Croatia dropped sharply to X units in 2021, declining by -17.3% on 2020 figures. Over the period under review, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +4.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 54%. Imports peaked at X units in 2020, and then dropped dramatically in the following year.

In value terms, ultraviolet, infrared, or arc lamp imports contracted modestly to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +43.7% against 2014 indices. The pace of growth appeared the most rapid in 2014 with an increase of 19% against the previous year. Imports peaked at $X in 2020, and then reduced modestly in the following year.

Imports by Country

Hungary (X units), Germany (X units) and Poland (X units) were the main suppliers of ultraviolet, infrared, or arc lamp imports to Croatia, together comprising 79% of total imports. These countries were followed by China, Romania and Italy, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +187.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ultraviolet or infrared lamps and arc lamps to Croatia, comprising 56% of total imports. The second position in the ranking was held by Hungary ($X), with an 11% share of total imports. It was followed by Poland, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+7.9% per year) and Poland (+53.3% per year).

Import Prices by Country

The average import price for ultraviolet or infrared lamps and arc lamps stood at $X per unit in 2021, surging by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 34%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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