The commercial industrial gases market in Croatia was estimated to have generated revenues of some $62m in 2019. This was an increase from revenues in 2009 of $68m, indicating an average annual growth rate of -0.5% p.a. for the decade.
Prior to the global financial crisis, GDP growth was steady and positive, at around 7% to 10% p.a. between 2000 and 2007. The economic crisis hit the country hard, with mostly negative growth rates in GDP up until 2015. In 2015, Croatia experienced its first significant growth rate since the crisis, with a rate of 2.5% YoY. In 2019 the rate remained at a stable 5.0%.
Within the 2019-2024 timeframe, gasworld business intelligence predict growth from 3.8% p.a. in a low scenario to 5.3% p.a. in a high scenario. Accordingly, the industry in Croatia is expected to achieve revenues of between $66.9m to $71.8m by 2024.
Report Data: 2019
Each report contains a 10-year history and 5-year forecast of the respective gas markets.
- Industrial gas supply structure
- Companies operating within each country
- Market structure in terms of demand for gases
- Macro-economic influences and drivers
- Future market forecasts
- Investment potential
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