Croatia: Market for Solar Cells and Light-Emitting Diodes 2024

Market Size for Solar Cells and Light-Emitting Diodes in Croatia

In 2022, the Croatian market for solar cells and light-emitting diodes decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption showed a pronounced reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Solar Cells and Light-Emitting Diodes in Croatia

In value terms, solar cells and light-emitting diodes production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a mild reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Solar Cells and Light-Emitting Diodes

Exports from Croatia

In 2022, overseas shipments of solar cells and light-emitting diodes decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, solar cells and light-emitting diodes exports rose markedly to $X in 2022. In general, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X units), France (X units) and Italy (X units) were the main destinations of solar cells and light-emitting diodes exports from Croatia, with a combined X% share of total exports.

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

In value terms, France ($X) remains the key foreign market for solar cells and light-emitting diodes exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and Italy (X% per year).

Export Prices by Country

The average export price for solar cells and light-emitting diodes stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a abrupt decrease. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Canada ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

Imports of Solar Cells and Light-Emitting Diodes

Imports into Croatia

In 2022, solar cells and light-emitting diodes imports into Croatia expanded rapidly to X units, with an increase of X% compared with the year before. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, solar cells and light-emitting diodes imports fell to $X in 2022. Overall, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Slovenia (X units) constituted the largest solar cells and light-emitting diodes supplier to Croatia, with a X% share of total imports. Moreover, solar cells and light-emitting diodes imports from Slovenia exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Austria (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Slovenia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Austria (X% per year).

In value terms, the largest solar cells and light-emitting diodes suppliers to Croatia were Slovenia ($X), China ($X) and Austria ($X), together comprising X% of total imports. Germany, Italy, the Netherlands and Poland lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average import price for solar cells and light-emitting diodes stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per unit in 2015; however, from 2016 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 Italy ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :