High-voltage switching, protection and connection apparatus market in Croatia

Earlier Report Observations

The Croatian market for high-voltage switching, protection and connection apparatus experienced substantial growth from 2018 to 2024. The market's value expanded from 28.2 million dollars in 2018 to over 53.2 million dollars in 2024, marking a near-doubling over the seven-year span.

Market expansion was characterized by steady annual increases, though growth momentum varied. A brief stabilization occurred in 2022, with the market volume dipping slightly to 39.0 million dollars, before resuming its upward trajectory the following year.

The most significant single-year increase took place in 2024, when the market surged by 29% to reach 53.2 million dollars. This final year's growth accounted for a major part of the total value gained across the entire period.

Production high-voltage switching, protection and connection apparatus in Croatia

In value, 2017-2020, K $ US

After a two-year decline, Croatia's production of high-voltage switching, protection, and connection apparatus rebounded. In 2020, output was valued at 14 083 thousand US dollars, marking a 19.5% increase from 2019. However, over the period from 2017 to 2020, production fell by 25.1%, averaging an annual decline of 9.2%. The lowest point occurred in 2019, with production at 11 788 thousand US dollars, while the sharpest drop was in 2018, at 23.1%.

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

Exports high-voltage switching, protection and connection apparatus from Croatia

Exports in kind, t

Following a two-year downturn, Croatia's exports of high-voltage switching, protection, and connection apparatus rose. In 2020, exports reached 864 tonnes, a 68.0% jump from the previous year. Yet, from 2017 to 2020, exports decreased by 24.6%, translating to an average annual decline of 9.0%. The lowest volume was in 2019 at 514 tonnes, which also saw the largest decline of 51.9%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, t

From 2017 to 2020, Norway, Pakistan, and Saudi Arabia were the leading destinations for Croatia's exports of high-voltage switching, protection, and connection apparatus in volume terms. Norway accounted for 30.2% of exports, Pakistan for 13.1%, and Saudi Arabia for 10.5%, together making up 53.8% 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 export market showed volatility during this period. Exports peaked in 2017 and hit their lowest in 2019, with a two-fold difference between these years. In 2020, Croatia exported 11 105 thousand US dollars worth of high-voltage switching, protection, and connection apparatus, an 87.4% surge from 2019. The minimum value was recorded in 2019 at 5 925 thousand US dollars, which also experienced the largest decline of 48.6%.

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

From 2017 to 2020, Norway, Bosnia and Herzegovina, and Saudi Arabia formed the core of Croatia's exports in value terms. Norway contributed 30.0% of export value, Bosnia and Herzegovina 19.1%, and Saudi Arabia 7.3%, collectively representing 56.4% 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 high-voltage switching, protection and connection apparatus to Croatia

Imports in kind, t

Croatia's imports of high-voltage switching, protection, and connection apparatus grew for the third year in a row. In 2020, import volume stood at 2 441 tonnes, a substantial 167.1% increase from the previous year. Over the 2017-2020 period, imports surged by 207.5%, with a compound annual growth rate of 45.4%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, t

Between 2017 and 2020, Slovenia, Germany, and Sweden were the main sources for Croatia's imports in volume terms. Slovenia supplied 47.1% of imports, Germany 21.0%, and Sweden 8.0%, together accounting for 76.2% 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

Croatia's imports of high-voltage switching, protection, and connection apparatus increased for the second consecutive year. In 2020, imports totaled 31 544 thousand US dollars, up 21.0% from the previous year. From 2017 to 2020, imports rose by 22.1%, averaging an annual growth of 6.9%. The lowest value was in 2018 at 25 282 thousand US dollars, which also saw the largest decline of 2.1%.

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

From 2017 to 2020, Germany, Italy, and Austria were the primary suppliers of high-voltage switching, protection, and connection apparatus to Croatia in value terms. Germany accounted for 59.7% of import value, Italy for 7.8%, and Austria for 7.2%, jointly making up 74.7% of total imports.

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

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