Croatia - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Croatia - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights

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Price for Solar Cells and Light-Emitting Diodes in Croatia - 2021

Contents:

  1. Price for Solar Cells and Light-Emitting Diodes in Croatia (CIF) - 2022
  2. Price for Solar Cells and Light-Emitting Diodes in Croatia (FOB) - 2022
  3. Imports of Solar Cells and Light-Emitting Diodes in Croatia
  4. Exports of Solar Cells and Light-Emitting Diodes in Croatia

Price for Solar Cells and Light-Emitting Diodes in Croatia (CIF) - 2022

The average import price for solar cells and light-emitting diodes stood at $7.9 per unit in 2022, reducing by -17.2% against the previous year. Overall, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when the average import price increased by 47%. Over the period under review, average import prices attained the peak figure at $24 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($16 per unit), while the price for Poland ($4.9 per unit) was amongst the lowest.

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

Price for Solar Cells and Light-Emitting Diodes in Croatia (FOB) - 2022

The average export price for solar cells and light-emitting diodes stood at $4.8 per unit in 2022, rising by 6.8% against the previous year. Over the period under review, the export price, however, showed a deep setback. The export price peaked at $12 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($6.7 per unit), while the average price for exports to Canada ($2.4 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 Turkey (-3.2%), while the prices for the other major destinations experienced a decline.

Imports of Solar Cells and Light-Emitting Diodes in Croatia

In 2022, approx. 6.2M units of solar cells and light-emitting diodes were imported into Croatia; surging by 8.8% compared with 2021 figures. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 with an increase of 16%. As a result, imports reached the peak of 6.7M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes imports dropped to $49M in 2022. The total import value increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of $55M, and then declined in the following year.

Import of Solar Cells and Light-Emitting Diodes in Croatia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovenia20.716.919.017.1-6.2%
China2.610.910.49.352.9%
France3.26.26.15.519.8%
Austria4.13.14.13.7-3.4%
Germany2.52.13.43.17.4%
Italy2.11.22.72.56.0%
Netherlands0.20.92.42.2122.4%
PolandN/AN/A1.51.3-13.3%
Others2.82.54.94.517.1%
Total38.343.754.549.18.6%

Top Suppliers of Solar Cells and Light-Emitting Diodes to Croatia in 2022:

  1. Slovenia (3433.6K units)
  2. China (907.4K units)
  3. Austria (434.5K units)
  4. Netherlands (404.1K units)
  5. Germany (393.9K units)
  6. Poland (269.7K units)
  7. Italy (153.5K units)
  8. France (89.6K units)

Exports of Solar Cells and Light-Emitting Diodes in Croatia

After three years of growth, overseas shipments of solar cells and light-emitting diodes decreased by -0.3% to 9.2M units in 2022. The total export volume increased at an average annual rate of +12.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 42%. Over the period under review, the exports reached the peak figure at 9.2M units in 2021, and then shrank slightly in the following year.

In value terms, solar cells and light-emitting diodes exports stood at $44M in 2022. The total export value increased at an average annual rate of +8.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 34%. As a result, the exports attained the peak of $47M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Solar Cells and Light-Emitting Diodes in Croatia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France9.816.219.417.220.6%
CanadaN/A3.47.97.043.5%
Italy5.12.33.83.4-12.6%
Netherlands5.84.90.33.2-18.0%
Belgium1.66.61.52.820.5%
Turkey2.01.03.02.710.5%
Germany4.61.21.62.1-23.0%
Poland2.30.5N/A0.8-29.7%
Others3.710.84.04.99.8%
Total35.046.941.544.28.1%

Top Export Markets for Solar Cells and Light-Emitting Diodes from Croatia in 2022:

  1. Canada (2.9M units)
  2. France (2.8M units)
  3. Italy (0.7M units)
  4. Turkey (0.5M units)
  5. Netherlands (0.5M units)
  6. Germany (0.4M units)
  7. Belgium (0.4M units)
  8. Poland (0.2M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 26112220 - Semiconductor light emitting diodes (LEDs)
  • Prodcom 26112240 - Photosensitive semiconductor devices, solar cells, photodiodes, p hoto-transistors, etc.

Country coverage:

  • Croatia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Croatia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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