Key Market Indicators
Croatian Electrical Equipment Revenue is projected to climb to €737 million by 2028, up from €671 million in 2023. This marks an annual growth rate of 1.5%. Since 2013, the Croatian market has seen an average yearly increase of 3.7%. In 2023, Croatia ranked 21st globally, with Norway leading at the same revenue figure. France, Italy, and Spain secured the second, third, and fourth spots, respectively. In terms of import, Croatian Electrical Equipment is expected to reach approximately $2.7 billion by 2028, rising from around $2.4 billion in 2023. This indicates an annual growth rate of 1.8%. Since 1997, Croatian demand for electrical equipment has grown by an average of 1.5% each year. On the export front, Croatia's Electrical Equipment sector is set to achieve $1.7 billion in 2028, up from nearly $1.6 billion in 2023. This represents an annual growth rate of 1.7%. Since 1997, Croatian exports in this sector have increased by 2.2% annually.
