Printed circuits market in Croatia

Earlier Report Observations

The printed circuits market in Croatia showed a clear growth trajectory from 2018 to 2023, with its total value rising from 12.1 million USD to 21.7 million USD. The most significant increase occurred in 2021, when the market expanded by over 40% within a single year. This growth was followed by a modest rise in 2022 and 2023, reaching the period's peak.

The expansion was primarily driven by increased import activity, with import value more than doubling from 13.8 million USD in 2018 to 23.7 million USD in 2023. Domestic production also contributed, growing from 0.5 million USD to 1.0 million USD over the same period, while exports remained relatively stable between 1.7 million USD and 3.7 million USD.

In 2024, the market contracted to 18.0 million USD, marking a 17% decline from the previous year. This downturn coincided with a reduction in import value to 19.9 million USD, despite continued growth in domestic production to 1.0 million USD.

Production printed circuits in Croatia

In value, 2017-2020, K $ US

Croatia's printed circuits production has increased for the second consecutive year. In 2020, the output was valued at 818.2 thousand US dollars, which is 27.3% higher than the previous year. Over the period from 2017 to 2020, production grew by 45.5%, with an average annual growth rate of 13.3%. The lowest value was recorded in 2018 at 477.0 thousand US dollars, when production declined by 15.2%. The largest increase occurred in 2019, with a rise of 34.7%.

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

In kind, 2017-2020, K unit

Croatia's printed circuits production has increased for the second consecutive year. In 2020, 602.8 thousand units were produced, reflecting a robust year-on-year increase of 19.1%. Between 2017 and 2020, production grew by 46.9%, equating to an annualized rate of 13.7%. The lowest value was recorded in 2018 at 333.4 thousand units, when production fell by 18.7%. The largest increase was in 2019, with a jump of 51.8%.

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

Exports printed circuits from Croatia

Exports in kind, K unit

The market exhibited an unstable trend throughout the timeframe. Exports reached their lowest point in 2019 and peaked in 2020, with a 12-fold difference between these years. In 2020, printed circuits exports from Croatia totaled 102.8 thousand units, up by 1,099.4% compared to 2019. The minimum value was recorded in 2019 at 8.6 thousand units. The largest decline occurred in 2018, with a drop of 10.8%.

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

From 2017 to 2020, the Netherlands, Germany, and Italy stood out as the main markets for exports in kind. The Netherlands accounted for 55.1% of exports, Germany for 18.9%, and Italy for 12.6%. Together, these three countries represented 86.7% 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

Printed circuits exports from Croatia have declined for the third consecutive year. In 2020, exports reached 1,737 thousand US dollars, marking a moderate decrease of 9.9% compared to the prior year. Over the period from 2017 to 2020, exports decreased by 38.5%, with an average annual decline of 15.0%.

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

From 2017 to 2020, the leading destinations for exports in value terms were Italy, Czechia, and the Netherlands. Italy accounted for 25.4% of exports, Czechia for 20.3%, and the Netherlands for 16.4%. Together, these three countries made up 62.1% 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 printed circuits to Croatia

Imports in kind, K unit

After a two-year decline, Croatia's volume of printed circuits imports increased. In 2020, Croatia imported 130.8 thousand units, up by 19.2% compared to 2019. Over the period from 2017 to 2020, imports grew by 3.2%, with an average annual growth rate of 1.1%. The lowest value was recorded in 2019 at 109.8 thousand units. The largest decline occurred in 2018, with a drop of 9.4%.

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

From 2017 to 2020, Italy, China, and Slovenia were the main sources for imports in kind. Italy accounted for 40.0% of imports, China for 28.7%, and Slovenia for 20.3%. Together, these three countries represented 89.0% 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 a two-year increase, Croatia's volume of printed circuits imports declined. In 2020, import volume amounted to 14,073 thousand US dollars, constituting a small loss of 0.7% compared to 2019. Over the period from 2017 to 2020, imports increased by 13.4%, with an average annual growth rate of 4.3%. The highest value was recorded in 2019 at 14,177 thousand US dollars. The largest increase occurred in 2018, with a rise of 11.2%.

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

From 2017 to 2020, Slovenia, Italy, and China were the principal sources for imports in value terms. Slovenia accounted for 28.9% of imports, Italy for 24.0%, and China for 14.1%. Together, these three countries made up 67.1% 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