
Croatia - Refrigerators and Freezers - Market Analysis, Forecast, Size, Trends and Insights
Croatia: Refrigerator And Freezer Market 2023
Refrigerator And Freezer Market Size in Croatia
The Croatian refrigerator and freezer market soared to $X in 2021, with an increase of 28% 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). The market value increased at an average annual rate of +4.5% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Refrigerator And Freezer Exports
Exports from Croatia
In 2021, refrigerator and freezer exports from Croatia skyrocketed to X units, with an increase of 19% against 2020 figures. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2015 when exports increased by 229% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.
In value terms, refrigerator and freezer exports skyrocketed to $X in 2021. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 152%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.
Exports by Country
Slovenia (X units) was the main destination for refrigerator and freezer exports from Croatia, accounting for a 41% share of total exports. Moreover, refrigerator and freezer exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), twofold. The third position in this ranking was taken by Serbia (X units), with a 9.7% share.
From 2012 to 2021, the average annual growth rate of volume to Slovenia stood at +30.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+13.0% per year) and Serbia (+32.9% per year).
In value terms, Slovenia ($X) remains the key foreign market for refrigerators and freezers exports from Croatia, comprising 39% of total exports. The second position in the ranking was taken by Serbia ($X), with a 12% share of total exports. It was followed by Bosnia and Herzegovina, with a 10% share.
From 2012 to 2021, the average annual growth rate of value to Slovenia amounted to +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+31.9% per year) and Bosnia and Herzegovina (+13.4% per year).
Export Prices by Country
In 2021, the average refrigerator and freezer export price amounted to $X per unit, growing by 9.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2013 an increase of 25% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.
Prices varied noticeably country of destination: the country with the highest price was Albania ($X per unit), while the average price for exports to Poland ($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 Kosovo (+55.7%), while the prices for the other major destinations experienced more modest paces of growth.
Refrigerator And Freezer Imports
Imports into Croatia
In 2021, the amount of refrigerators and freezers imported into Croatia skyrocketed to X units, with an increase of 23% against the year before. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, refrigerator and freezer imports surged to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Imports by Country
China (X units), Turkey (X units) and Serbia (X units) were the main suppliers of refrigerator and freezer imports to Croatia, together comprising 77% of total imports.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +17.2%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the largest refrigerator and freezer suppliers to Croatia were China ($X), Turkey ($X) and Serbia ($X), together comprising 59% of total imports.
China, with a CAGR of +14.0%, recorded 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
The average refrigerator and freezer import price stood at $X per unit in 2021, with an increase of 4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.
Prices varied noticeably country of origin: the country with the highest price was Romania ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the refrigerator and freezer 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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