Steam and other vapour turbines market in Croatia

Earlier Report Observations

The market for steam and other vapour turbines in Croatia showed a notable recovery and expansion from 2018 to 2024. After a steep decline in 2019 to 29 900 thousand US dollars, market size rebounded consistently, reaching 52 360 thousand US dollars by the end of the period. This represented an overall growth of nearly 30% compared to the 2018 level of 40 440 thousand US dollars.

The market's expansion was underpinned by a strong surge in domestic production, which increased from 45 592 thousand US dollars in 2022 to 60 332 thousand US dollars in 2024. At the same time, imports collapsed from 11 856 thousand US dollars in 2018 to merely 563 thousand US dollars in 2024, significantly reducing reliance on foreign suppliers. Exports also trended downward for most of the period, falling from 18 859 thousand US dollars in 2018 to 7 519 thousand US dollars in 2023, before a modest increase in 2024.

Production steam and other vapour turbines in Croatia

In value, 2017-2020, K $ US

In 2020, Croatia's output of steam and other vapour turbines was valued at 45 714 K $ US, marking a slight increase of 0.9% compared to the previous year. The highest value was recorded in 2018 at 47 443 K $ US, which represented a 5.0% increase from the prior year. In contrast, 2019 saw the largest decline, with output falling by 4.5%.

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

Exports steam and other vapour turbines from Croatia

Exports in kind, t

After two years of growth, Croatia's exports of steam and other vapour turbines declined. In 2020, exports totaled 100.0 t, a sharp drop of 62.9% from 2019. The peak was in 2019 at 269.4 t, which was a 50.0% increase over the previous year. Overall, from 2017 to 2020, exports decreased by 18.2%, averaging an annual decline of 6.5%.

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

From 2017 to 2020, the main destinations for Croatia's exports in kind were Poland, accounting for 29.9% of the total, Slovenia at 13.9%, and Slovakia at 10.1%. Together, these three countries made up 53.9% of all exports in this category.

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

Croatia's exports of steam and other vapour turbines in value terms declined for the second year in a row. In 2020, exports were recorded at 13 565 K $ US, a significant decrease of 25.3% compared to 2019. The highest value was in 2018 at 18 859 K $ US, which saw a modest increase of 0.6% from the previous year. Over the period from 2017 to 2020, exports fell by 27.6%, with an average annual decline of 10.2%.

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

Between 2017 and 2020, the United States was the leading destination for Croatia's exports in value terms, representing 35.9% of the total. Germany followed with 19.8%, and the United Kingdom accounted for 9.9%. Combined, these three markets made up 65.6% of all 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 steam and other vapour turbines to Croatia

Imports in kind, t

Croatia's imports of steam and other vapour turbines in kind decreased for the second consecutive year. In 2020, imports totaled 81.2 t, down 5.4% from 2019. The highest level was in 2018 at 172.4 t, which increased by 6.3% from the previous year. In 2019, imports experienced the largest decline, falling by 50.2%. Overall, from 2017 to 2020, imports dropped by 49.9%, averaging an annual decrease of 20.6%.

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

From 2017 to 2020, Germany was the primary source for Croatia's imports in kind, making up 35.3% of the total. Czechia contributed 20.3%, and India accounted for 14.2%. Together, these three countries represented 69.8% of all imports in this category.

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 steam and other vapour turbines in value terms showed notable fluctuations during the period. The peak was in 2018 at 11 856 K $ US, which saw a substantial increase of 129.1% from the previous year. In 2019, imports fell sharply by 76.6%, and by 2020, they amounted to 2 657 K $ US, a decrease of 4.2% from 2019. From the peak in 2018 to the low in 2020, imports declined by 4.5-fold.

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

Over the period from 2017 to 2020, Germany was the main market for Croatia's imports in value terms, accounting for 44.3% of the total. Greece followed with 18.3%, and Czechia made up 8.2%. Collectively, these three countries represented 70.8% of all 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