Croatia: Washing Machine Market Overview 2021

Washing Machine Market Size in Croatia

In 2020, the Croatian washing machine market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Overall, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Washing machine consumption peaked at $X in 2019, and then contracted in the following year.

Washing Machine Exports

Exports from Croatia

In 2020, overseas shipments of household washing and drying machines increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Exports peaked in 2020 and are likely to continue growth in the immediate term.

In value terms, washing machine exports skyrocketed to $X in 2020. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 when exports increased by X% year-to-year. Exports peaked in 2020 and are likely to continue growth in the near future.

Exports by Country

Slovenia (X units), Serbia (X units) and Bosnia and Herzegovina (X units) were the main destinations of washing machine exports from Croatia, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Slovenia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for washing machine exported from Croatia were Slovenia ($X), Serbia ($X) and Bosnia and Herzegovina ($X), with a combined X% share of total exports. These countries were followed by Albania, Macedonia and Montenegro, which together accounted for a further X (+X% per year) recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average washing machine export price amounted to $X per unit, shrinking by -X% against the previous year. Over the period under review, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2020, the countries with the highest prices were Albania ($X per unit) and Bosnia and Herzegovina ($X per unit), while the average price for exports to Montenegro ($X per unit) and Serbia ($X per unit) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Macedonia, while the prices for the other major destinations experienced mixed trend patterns.

Washing Machine Imports

Imports into Croatia

In 2020, after two years of growth, there was decline in supplies from abroad of household washing and drying machines, when their volume decreased by -X% to X units. In general, imports, however, showed a perceptible expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2019, and then contracted slightly in the following year.

In value terms, washing machine imports rose to $X in 2020. Over the period under review, total imports indicated mild growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2018 when imports increased by X% year-to-year. Imports peaked in 2020 and are likely to see steady growth in years to come.

Imports by Country

Slovenia (X units), Turkey (X units) and China (X units) were the main suppliers of washing machine imports to Croatia, together comprising X% of total imports. These countries were followed by Poland, Slovakia, Italy and Russia, which together accounted for a further X 2007 to 2020, the biggest increases were in Russia, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest washing machine suppliers to Croatia were Slovenia ($X), Turkey ($X) and China ($X), with a combined X% share of total imports. Poland, Italy, Slovakia and Russia lagged somewhat behind, together accounting for a further X saw the highest growth rate of the value of imports, in terms of 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 2020, the average washing machine import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% y-o-y. The import price peaked at $X per unit in 2008; however, from 2009 to 2020, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the countries with the highest prices were Italy ($X per unit) and Slovenia ($X per unit), while the price for China ($X per unit) and Slovakia ($X per unit) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for household washing and drying machines in the world?

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The country with the largest volume of washing machine consumption was China (76M units), accounting for 39% of total volume. Moreover, washing machine consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (10M units), sevenfold. Brazil (10M units) ranked third in terms of total consumption with a 5.2% share.

What are the largest producers of household washing and drying machines in the world?

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China (101M units) remains the largest washing machine producing country worldwide, accounting for 52% of total volume. Moreover, washing machine production in China exceeded the figures recorded by the second-largest producer, Turkey (13M units), eightfold. Poland (12M units) ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of household washing and drying machines to Croatia?

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In value terms, the largest washing machine suppliers to Croatia were Slovenia ($18M), Turkey ($10M) and China ($7.3M), with a combined 63% share of total imports. Poland, Italy, Slovakia and Russia lagged somewhat behind, together accounting for a further 26%.

What are the leading importers of household washing and drying machines from Croatia?

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In value terms, Slovenia ($5.9M), Serbia ($3.1M) and Bosnia and Herzegovina ($1.4M) were the largest markets for washing machine exported from Croatia worldwide, with a combined 80% share of total exports. Albania, Macedonia and Montenegro lagged somewhat behind, together comprising a further 18%.

What is the average export price for household washing and drying machines in Croatia?

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The average washing machine export price stood at $216 per unit in 2020, dropping by -14.2% against the previous year.

What is the average import price for household washing and drying machines in Croatia?

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The average washing machine import price stood at $174 per unit in 2020, growing by 2.9% against the previous year.