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Croatia - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights

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Croatia: Smart Card Market 2022

Smart Card Market Size in Croatia

After three years of growth, the Croatian smart card market decreased by -X% to $X in 2021. In general, consumption, however, enjoyed prominent growth. Over the period under review, the market reached the peak level at $X in 2020, and then fell modestly in the following year.

Smart Card Production in Croatia

In value terms, smart card production totaled $X in 2021 estimated in export price. Over the period under review, production, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Smart Card Exports

Exports from Croatia

In 2021, overseas shipments of cards incorporating an electronic integrated circuit (smart card) increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed a prominent increase. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, smart card exports soared to $X in 2021. In general, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units), Slovenia (X units) and Slovakia (X units) were the main destinations of smart card exports from Croatia, together accounting for X% of total exports. These countries were followed by Hungary, Poland, Serbia and the Czech Republic, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for smart card exported from Croatia were Slovenia ($X), Slovakia ($X) and Bosnia and Herzegovina ($X), together comprising X% of total exports. Hungary, Serbia, Poland and the Czech Republic lagged somewhat behind, together comprising a further X the main countries of destination, Poland, with a CAGR of +X%, saw the highest rates of growth with regard to 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

In 2021, the average smart card export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Slovakia ($X per unit), while the average price for exports to the Czech Republic ($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 Serbia (+X%), while the prices for the other major destinations experienced a decline.

Smart Card Imports

Imports into Croatia

In 2021, purchases abroad of cards incorporating an electronic integrated circuit (smart card) increased by X% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, smart card imports reduced to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Austria (X units), Germany (X units) and Hungary (X units) were the main suppliers of smart card imports to Croatia, together comprising X% of total imports. These countries were followed by China, Poland, Spain and Bosnia and Herzegovina, which together accounted for a further X 2012 to 2021, the biggest increases were in Bosnia and Herzegovina (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Poland ($X) were the largest smart card suppliers to Croatia, with a combined X% share of total imports. These countries were followed by Hungary, Bosnia and Herzegovina, Spain and China, which together accounted for a further X the main suppliers, Bosnia and Herzegovina, with a CAGR of +X%, recorded 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 smart card import price amounted to $X per unit, declining by -X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cards incorporating an electronic integrated circuit (smart card) in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, with a combined 22% share of global consumption. Malaysia, France, Pakistan, Spain, Nigeria, Bangladesh, Indonesia, Russia, Japan and the Netherlands lagged somewhat behind, together comprising a further 31%.

What are the largest producers of cards incorporating an electronic integrated circuit (smart card) in the world?

China constituted the country with the largest volume of smart card production, accounting for 36% of total volume. Moreover, smart card production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, sixfold. India ranked third in terms of total production with a 4.6% share.

What are the leading suppliers of cards incorporating an electronic integrated circuit (smart card) to Croatia?

In value terms, the largest smart card suppliers to Croatia were Austria, Germany and Poland, with a combined 71% share of total imports. These countries were followed by Hungary, Bosnia and Herzegovina, Spain and China, which together accounted for a further 12%.

What are the leading importers of cards incorporating an electronic integrated circuit (smart card) from Croatia?

In value terms, the largest markets for smart card exported from Croatia were Slovenia, Slovakia and Bosnia and Herzegovina, with a combined 60% share of total exports. These countries were followed by Hungary, Serbia, Poland and the Czech Republic, which together accounted for a further 31%.

What is the average export price for cards incorporating an electronic integrated circuit (smart card) in Croatia?

The average smart card export price stood at $0.9 per unit in 2021, growing by 2.6% against the previous year.

What is the average import price for cards incorporating an electronic integrated circuit (smart card) in Croatia?

The average smart card import price stood at $0.7 per unit in 2021, which is down by -13.5% against the previous year.

This report provides an in-depth analysis of the smart card market 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 26123000 - Smart cards

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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance