Croatia: Market for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA 2024

Market Size for Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA in Croatia

The Croatian market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022, increasing by X% against the previous year. Overall, consumption showed a slight increase. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from X kVA to X kVA in Croatia

In value terms, production of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA dropped modestly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Exports from Croatia

In 2022, the amount of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exported from Croatia fell notably to X units, reducing by X% against the previous year's figure. Overall, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Bosnia and Herzegovina (X units), Australia (X units) and the United States (X units) were the main destinations of exports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Croatia, together accounting for X% of total exports. The Philippines, Vietnam, Canada and Serbia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) emerged as the key foreign market for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and the United States (X% per year).

Export Prices by Country

The average export price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price saw buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Imports of Electrical Transformers with Non-Liquid Dielectric, of Power Handling Capacity from 16 kVA to 500 kVA

Imports into Croatia

In 2022, approx. X units of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA were imported into Croatia; growing by X% against the previous year. Overall, imports recorded a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA surged to $X in 2022. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA supplier to Croatia, with a X% share of total imports. Moreover, imports of electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA from Italy exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. France (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 amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and France (X% per year).

In value terms, the largest electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA suppliers to Croatia were Italy ($X), Finland ($X) and France ($X), with a combined X% share of total imports. Germany, the UK and Austria lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical transformers with non-liquid dielectric, of power handling capacity from X kVA to X kVA amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform