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Croatia - Heat Pumps other than Air Conditioning Machines - Market Analysis, Forecast, Size, Trends and Insights
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Heat Pump Market Size in Croatia
For the fifth consecutive year, the Croatian heat pump market recorded growth in sales value, which increased by X% to $X in 2023. Overall, consumption saw a resilient increase. Heat pump consumption peaked in 2023 and is likely to continue growth in the near future.
Heat Pump Production in Croatia
In value terms, heat pump production fell modestly to $X in 2023 estimated in export price. In general, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.
Heat Pump Exports
Exports from Croatia
In 2023, approx. X units of heat pumps other than air conditioning machines were exported from Croatia; with an increase of X% against the previous year's figure. Overall, exports saw significant growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021; however, from 2022 to 2023, the exports failed to regain momentum.
In value terms, heat pump exports skyrocketed to $X in 2023. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are likely to see gradual growth in the immediate term.
Exports by Country
Slovenia (X units) was the main destination for heat pump exports from Croatia, accounting for a X% share of total exports. Moreover, heat pump exports to Slovenia exceeded the volume sent to the second major destination, Kosovo (X units), twofold. Bosnia and Herzegovina (X units) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual growth rate of volume to Slovenia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kosovo (X% per year) and Bosnia and Herzegovina (X% per year).
In value terms, Slovenia ($X), Kosovo ($X) and Serbia ($X) were the largest markets for heat pump exported from Croatia worldwide, together comprising X% of total exports. Bosnia and Herzegovina, North Macedonia, Hungary, Albania, Montenegro, Morocco and Italy lagged somewhat behind, together accounting for a further X%.
Hungary, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
The average heat pump export price stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price enjoyed a strong increase. The growth pace was the most rapid in 2022 an increase of X%. Over the period under review, the average export prices attained the maximum in 2023 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Albania ($X per unit), while the average price for exports to Morocco ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (X%), while the prices for the other major destinations experienced more modest paces of growth.
Heat Pump Imports
Imports into Croatia
In 2023, the amount of heat pumps other than air conditioning machines imported into Croatia expanded markedly to X units, surging by X% on the year before. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.
In value terms, heat pump imports surged to $X in 2023. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in years to come.
Imports by Country
Italy (X units), Slovakia (X units) and Germany (X units) were the main suppliers of heat pump imports to Croatia, with a combined X% share of total imports.
From 2012 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Italy ($X), Slovakia ($X) and Germany ($X) were the largest heat pump suppliers to Croatia, with a combined X% share of total imports.
In terms of the main suppliers, Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the average heat pump import price amounted to $X per unit, growing by X% against the previous year. Overall, the import price recorded strong growth. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The import price peaked in 2023 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for France ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the heat pump market in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
Country coverage:
- Croatia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Croatia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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