
Croatia - Microwave Ovens - Market Analysis, Forecast, Size, Trends and Insights
Croatia: Microwave Oven Market 2023
Microwave Oven Market Size in Croatia
The Croatian microwave oven market skyrocketed to $X in 2021, picking up by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.7% against 2012 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
Microwave Oven Exports
Exports from Croatia
Microwave oven exports from Croatia surged to X units in 2021, increasing by 26% compared with the previous year. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 118%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.
In value terms, microwave oven exports surged to $X in 2021. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 176% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.
Exports by Country
Slovenia (X units) was the main destination for microwave oven exports from Croatia, with a 29% share of total exports. Moreover, microwave oven exports to Slovenia exceeded the volume sent to the second major destination, Lithuania (X units), threefold. The third position in this ranking was held by Albania (X units), with a 6.6% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia amounted to +38.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+43.4% per year) and Albania (+27.1% per year).
In value terms, Slovenia ($X) remains the key foreign market for microwave oven exports from Croatia, comprising 27% of total exports. The second position in the ranking was taken by Albania ($X), with an 11% share of total exports. It was followed by Lithuania, with an 8.6% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia amounted to +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+35.0% per year) and Lithuania (+48.0% per year).
Export Prices by Country
The average microwave oven export price stood at $X per unit in 2021, growing by 2.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 40% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.
Prices varied noticeably country of destination: the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Slovakia ($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 France (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.
Microwave Oven Imports
Imports into Croatia
For the fourth consecutive year, Croatia recorded growth in purchases abroad of microwave ovens, which increased by 16% to X units in 2021. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2018 when imports increased by 20% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.
In value terms, microwave oven imports soared to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, China (X units) constituted the largest microwave oven supplier to Croatia, with a 41% share of total imports. Moreover, microwave oven imports from China exceeded the figures recorded by the second-largest supplier, Slovenia (X units), twofold. Hungary (X units) ranked third in terms of total imports with an 8.7% share.
From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+95.8% per year) and Hungary (+112.0% per year).
In value terms, China ($X), Slovenia ($X) and Hungary ($X) constituted the largest microwave oven suppliers to Croatia, with a combined 66% share of total imports.
Hungary, with a CAGR of +116.9%, recorded the highest rates of growth with regard to 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
The average microwave oven import price stood at $X per unit in 2021, picking up by 10% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hungary ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+2.3%), while the prices for the other major suppliers experienced a decline.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the microwave oven 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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