Croatia: Microwave Oven Market Overview 2021

Microwave Oven Market Size in Croatia

In 2020, the Croatian microwave oven market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Over the period under review, consumption saw a pronounced decline. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Microwave oven consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

Microwave Oven Exports

Exports from Croatia

In 2020, shipments abroad of microwave ovens increased by X% to X units, rising for the seventh consecutive year after three years of decline. Overall, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to continue growth in the immediate term.

In value terms, microwave oven exports soared to $X in 2020. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Exports peaked in 2020 and are likely to see steady growth in years to come.

Exports by Country

Slovenia (X units) was the main destination for microwave oven exports from Croatia, with a X% share of total exports. Moreover, microwave oven exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fourfold. Serbia (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Slovenia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-X% per year) and Serbia (-X% per year).

In value terms, Slovenia ($X) remains the key foreign market for microwave oven exports from Croatia, comprising X% of total exports. The second position in the ranking was occupied by Serbia ($X), with a X% share of total exports. It was followed by Albania, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Slovenia amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+X% per year) and Albania (+X% per year).

Export Prices by Country

In 2020, the average microwave oven export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, export price indicated perceptible growth from 2007 to 2020: its price 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, microwave oven export price decreased by -X% against 2013 indices. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, export price attained the peak level of $X per unit. From 2014 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Serbia ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, while the prices for the other major destinations experienced more modest paces of growth.

Microwave Oven Imports

Imports into Croatia

For the third year in a row, Croatia recorded growth in supplies from abroad of microwave ovens, which increased by X% to X units in 2020. In general, imports, however, saw a noticeable descent. The growth pace was the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, microwave oven imports fell slightly to $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Imports peaked at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

China (X units), Slovenia (X units) and Italy (X units) were the main suppliers of microwave oven imports to Croatia, together accounting for X% of total imports. These countries were followed by Hungary, Poland, the Czech Republic and Malaysia, which together accounted for a further X 2007 to 2020, the biggest increases were in Poland (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Slovenia ($X) and Italy ($X) constituted the largest microwave oven suppliers to Croatia, with a combined X% share of total imports. Hungary, Poland, Malaysia and the Czech Republic lagged somewhat behind, together comprising a further X (+X% per year) saw 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

In 2020, the average microwave oven import price amounted to $X per unit, falling by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2019, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform