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Croatia - Cash Registers - Market Analysis, Forecast, Size, Trends and Insights

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Croatia: Cash Register Market 2023

Cash Register Market Size in Croatia

In 2021, the Croatian cash register market was finally on the rise to reach $X after three years of decline. Overall, consumption recorded a relatively flat trend pattern. Cash register consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Cash Register Production in Croatia

In value terms, cash register production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 60% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Cash Register Exports

Exports from Croatia

In 2021, overseas shipments of cash registers decreased by -60.1% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 2,582% against the previous year. Over the period under review, the exports hit record highs at X units in 2020, and then shrank significantly in the following year.

In value terms, cash register exports declined sharply to $X in 2021. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 2,749%. Over the period under review, the exports hit record highs at $X in 2020, and then reduced markedly in the following year.

Exports by Country

The Netherlands (X units), Slovenia (X units) and Montenegro (X units) were the main destinations of cash register exports from Croatia, with a combined 79% share of total exports. These countries were followed by Serbia, Bosnia and Herzegovina, Kosovo and Romania, which together accounted for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Kosovo (with a CAGR of +263.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for cash registers exports from Croatia, comprising 57% of total exports. The second position in the ranking was taken by Montenegro ($X), with a 14% share of total exports. It was followed by Slovenia, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +59.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+68.5% per year) and Slovenia (+28.3% per year).

Export Prices by Country

The average cash register export price stood at $X per unit in 2021, growing by 51% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 73% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Montenegro ($X per unit), while the average price for exports to Kosovo ($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 (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cash Register Imports

Imports into Croatia

Cash register imports into Croatia declined to X units in 2021, shrinking by -11% compared with 2020 figures. In general, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% 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 decreased by -35.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 35%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, cash register imports dropped to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 48% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Hungary (X units), Ireland (X units) and Slovenia (X units) were the main suppliers of cash register imports to Croatia, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ireland (with a CAGR of +160.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Hungary ($X) and Ireland ($X) appeared to be the largest cash register suppliers to Croatia, together accounting for 70% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +170.5%, recorded the highest growth rate of 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 cash register import price amounted to $X per unit, shrinking by -1.6% against the previous year. In general, the import price recorded a mild descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 59% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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, the country with the highest price was Slovenia ($X per unit), while the price for Ireland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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 cash registers in the world?

The United States constituted the country with the largest volume of cash register consumption, comprising approx. 18% of total volume. Moreover, cash register consumption in the United States exceeded the figures recorded by the second-largest consumer, India, threefold. Mexico ranked third in terms of total consumption with a 4.9% share.

What are the largest producers of cash registers in the world?

China constituted the country with the largest volume of cash register production, comprising approx. 47% of total volume. Moreover, cash register production in China exceeded the figures recorded by the second-largest producer, the United States, sevenfold. Hungary ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of cash registers to Croatia?

In value terms, the largest cash register suppliers to Croatia were Slovenia, Hungary and Ireland, together comprising 70% of total imports.

What are the leading importers of cash registers from Croatia?

In value terms, the Netherlands remains the key foreign market for cash registers exports from Croatia, comprising 57% of total exports. The second position in the ranking was held by Montenegro, with a 14% share of total exports. It was followed by Slovenia, with a 10% share.

What is the average export price for cash registers in Croatia?

In 2021, the average cash register export price amounted to $305 per unit, picking up by 51% against the previous year.

What is the average import price for cash registers in Croatia?

The average cash register import price stood at $283 per unit in 2021, waning by -1.6% against the previous year.

This report provides an in-depth analysis of the cash register 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 28231300 - Accounting machines, cash registers, postage-franking machines, ticket-issuing machines and similar machines, i ncorporating a calculating device

• Prodcom 28231000 -

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