Pressure reducing valves market in Croatia

Earlier Report Observations

The market for pressure reducing valves in Croatia experienced significant fluctuations between 2018 and 2024. After starting at 11 521 thousand USD in 2018, market volume declined to 8 916 thousand USD in 2020, followed by a sharp recovery to 11 716 thousand USD in 2021. Another dip occurred in 2022, dropping to 10 632 thousand USD, before rising to 12 571 thousand USD in 2023 and stabilizing at 12 623 thousand USD in 2024.

The initial market volume in 2018 was supported by a strong focus on the technical aspects of pressure reduction, particularly the need to protect heating and plumbing systems from excessive pressure and water hammer in households, which encouraged wider installation in both new and existing setups. The notable recovery in 2021 was driven by technical advancements and product innovations, such as integrated pressure gauges and easy retrofitting features, which enhanced system safety and efficiency and stimulated demand after the previous downturn.

Production pressure reducing valves in Croatia

In value, 2017-2020, K $ US

Croatia's production of pressure reducing valves declined for the second consecutive year. In 2020, output was valued at 5 300 K $ US, marking a substantial year-over-year decrease of 14.9%. Between 2017 and 2020, production fell by 8.8%, which translates to an annualized decline of 3.0%. The highest production value was recorded in 2018 at 7 152 K $ US, with the largest increase of 23.0% also occurring that year.

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

In kind, 2017-2020, t

Croatia's production volume of pressure reducing valves declined for the second consecutive year. In 2020, 352.0 t were produced, representing an abrupt 25.1% decrease compared to 2019. Over the period from 2017 to 2020, production decreased by 23.5%, with a compound annual growth rate (CAGR) of -8.5%. The peak production volume was recorded in 2018 at 509.0 t, when the largest increase of 10.7% was also observed.

Annual dynamics of production in Croatia in kind, 2017-2020, t

Exports pressure reducing valves from Croatia

Exports in kind, t

After two years of contraction, Croatia's exports of pressure reducing valves increased in volume. In 2020, the country exported 135.4 t, up by 8.7% compared to 2019. However, between 2017 and 2020, exports decreased by 24.8%, equating to an annualized decline of 9.0%. The lowest export volume was recorded in 2019 at 124.6 t, with the largest decline of 22.3% occurring in 2018.

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

From 2017 to 2020, Italy, Germany, and the United Kingdom were the largest buyers of pressure reducing valves from Croatia, accounting for 18.2%, 12.8%, and 9.9% of exports in kind, respectively. Together, they represented 41.0% of total exports, reflecting a diversified country structure.

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

Following a two-year decline, Croatia's exports of pressure reducing valves increased in value. In 2020, exports amounted to 1 775 K $ US, showing a modest year-over-year advance of 6.4%. Over the period from 2017 to 2020, exports decreased by 20.7%, with a compound annual growth rate (CAGR) of -7.4%. The lowest export value was recorded in 2019 at 1 669 K $ US, when the largest decline of 15.9% also occurred.

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

Between 2017 and 2020, Croatia's exports of pressure reducing valves in value terms were widely dispersed across partner countries. Italy, Germany, and Bosnia and Herzegovina were the top destinations, accounting for 15.1%, 12.0%, and 11.8% of exports in value terms, respectively. Together, they represented only 38.9% of total 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 pressure reducing valves to Croatia

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. Import volumes bottomed out in 2017 and peaked in 2019, with a 2.5-fold difference between these years. In 2020, pressure reducing valves shipments to Croatia from abroad amounted to 146.7 t, which is 54.3% less year-over-year. The maximum import volume was recorded in 2019 at 321.1 t, when the largest increase of 103.8% also occurred.

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

From 2017 to 2020, Germany, Italy, and Slovenia were the main sources in the geographical breakdown of imports in kind of pressure reducing valves to Croatia, accounting for 32.5%, 26.9%, and 13.3% of imports, respectively. Their combined share was 72.7% of total 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 pressure reducing valves declined for the second consecutive year. In 2020, imports reached 5 391 K $ US, indicating a reduction of 6.6% compared to 2019. Over the period from 2017 to 2020, imports increased by 8%, with a compound annual growth rate (CAGR) of 2.6%. The highest import value was recorded in 2018 at 6 354 K $ US, when the largest increase of 27.2% occurred. The largest decline of 9.2% was recorded in 2019.

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

Between 2017 and 2020, Germany, Italy, and Slovenia remained the leading destinations in the country structure of imports in value terms, accounting for 29.1%, 25.1%, and 10.7% of imports, respectively. Their combined share was 64.9% of total flows.

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

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