Electronic integrated circuits market in Croatia

Earlier Report Observations

From 2018 to 2023, the Croatian market for electronic integrated circuits grew from 53.5 million to 140.9 million US dollars, driven by regulatory measures aimed at energy transition and renewable energy adoption. The EU's Energy Union Governance Regulation and Croatia's integrated national energy and climate plans increased demand for these components in energy-efficient devices and green technologies. The Renewable Energy Sources and High-Efficiency Cogeneration Act of 2020 further stimulated the market by mandating emission reductions and promoting renewable energy systems, while global energy price shocks in 2022 accelerated the need for technological innovations in the energy sector.

In 2024, the market size contracted to 92.6 million US dollars. This period saw the start of construction of TSMC's first European microchip factory, marking the entry of a major new player into regional production. Concurrently, the European Union and Croatia aligned legislation on artificial intelligence and electronic communications, introducing new rules for high-risk AI systems and digital infrastructure that are set to shape future demand for integrated circuits.

Production electronic integrated circuits in Croatia

In value, 2017-2020, K $ US

Croatia's production of electronic integrated circuits has grown for the third year in a row. In 2020, the output was valued at 52 881 thousand US dollars, showing a sharp year-over-year increase of 34.0%. From 2017 to 2020, production rose by 137.3%, which translates to an average annual growth rate of 33.4%.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

In kind, 2017-2020, K unit

Croatia's production of electronic integrated circuits has increased for the third consecutive year. In 2020, the country produced 6 898 thousand units, marking a significant 47.3% improvement compared to 2019. Over the period from 2017 to 2020, production grew by 279.1%, with a compound annual growth rate of 55.9%.

Annual dynamics of production in Croatia in kind, 2017-2020, K unit

Exports electronic integrated circuits from Croatia

Exports in kind, K unit

The market showed an unstable trend during this period. Export volumes varied widely, with the lowest point in 2018 at 34 thousand units and the peak in 2019 at 4 243 thousand units, representing a 124-fold difference. In 2020, Croatia exported 536 thousand units of electronic integrated circuits, a dramatic decrease of 87.4% from the previous year. The largest increase occurred in 2019, with a jump of 12,263.3%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, K unit

From 2017 to 2020, Germany, Slovenia, and Italy consistently held the top positions in Croatia's export structure by volume. Germany accounted for 53.0% of exports, Slovenia for 15.2%, and Italy for 10.5%, together making up 78.7% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Croatia in kind, 2017-2020

Exports in value, K $ US

The market exhibited volatile behavior over these years. Export values fluctuated, with the highest in 2019 at 13 746 thousand US dollars and the lowest in 2020 at 4 943 thousand US dollars, a 2.8-fold difference. In 2020, Croatia's exports of electronic integrated circuits totaled 4 943 thousand US dollars, a drop of 64.0% compared to 2019. The largest increase was recorded in 2019, at 136.8%.

Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US

Throughout 2017 to 2020, Slovakia, Bosnia and Herzegovina, and Germany were the key markets for Croatia's exports by value. Together, they accounted for 50.7% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Croatia in value, 2017-2020

Imports electronic integrated circuits to Croatia

Imports in kind, K unit

Croatia's imports of electronic integrated circuits have risen for the third year in a row. In 2020, imports reached 10 145 thousand units, which is 415.1% higher than the previous year. From 2017 to 2020, imports increased by 1,384%, with a compound annual growth rate of 145.7%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, K unit

From 2017 to 2020, Germany, Italy, and the Netherlands remained the main suppliers of electronic integrated circuits to Croatia by volume. Germany contributed 30.3% of imports, Italy 30.0%, and the Netherlands 10.1%, together forming 70.4% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Croatia in kind, 2017-2020

Imports in value, K $ US

After two years of growth, Croatia's imports of electronic integrated circuits by value declined. In 2020, imports amounted to approximately 27 466 thousand US dollars, a slight reduction of 1.7% compared to 2019. Over the period from 2017 to 2020, imports increased by 10.2%, with an average annual growth rate of 3.3%. The peak value was recorded in 2019 at 27 950 thousand US dollars, and the largest increase occurred in 2018 at 7.3%.

Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US

From 2017 to 2020, Germany, Czechia, and Italy led Croatia's import structure by value. Germany accounted for 21.5% of imports, Czechia for 18.2%, and Italy for 17.9%, together representing 57.5% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Croatia in value, 2017-2020