Croatia: Market for Industrial, Laboratory or Bakery Ovens 2024

Market Size for Industrial, Laboratory or Bakery Ovens in Croatia

The Croatian market for industrial, laboratory or bakery ovens reduced to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a pronounced curtailment. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Industrial, Laboratory or Bakery Ovens in Croatia

In value terms, industrial, laboratory or bakery oven production fell dramatically to $X in 2022 estimated in export price. In general, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Industrial, laboratory or bakery oven production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Industrial, Laboratory or Bakery Ovens

Exports from Croatia

In 2022, after two years of decline, there was significant growth in shipments abroad of industrial, laboratory or bakery ovens, when their volume increased by X% to X units. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, industrial, laboratory or bakery oven exports dropped to $X in 2022. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X units), Bosnia and Herzegovina (X units) and Slovenia (X units) were the main destinations of industrial, laboratory or bakery oven exports from Croatia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X) remains the key foreign market for industrial, laboratory or bakery ovens exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Montenegro, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Serbia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Montenegro (X% per year).

Export Prices by Country

In 2022, the average export price for industrial, laboratory or bakery ovens amounted to $X per unit, falling by X% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial, laboratory or bakery oven export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Italy ($X 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 Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial, Laboratory or Bakery Ovens

Imports into Croatia

In 2022, approx. X units of industrial, laboratory or bakery ovens were imported into Croatia; reducing by X% compared with 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial, laboratory or bakery oven imports reduced to $X in 2022. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest industrial, laboratory or bakery oven supplier to Croatia, with a X% share of total imports. Moreover, industrial, laboratory or bakery oven imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. Slovenia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Slovenia (X% per year).

In value terms, Italy ($X) constituted the largest supplier of industrial, laboratory or bakery ovens to Croatia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Austria (X% per year).

Import Prices by Country

The average import price for industrial, laboratory or bakery ovens stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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