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country-focus-croatia
country-focus-croatia

Country Focus: Croatia

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The commercial gas market in Croatia reached revenues of $105 million in 2014. This was up from $50 million in 2004, indicating an 8.1% p.a. growth rate for the decade.

In terms of supply mode, the merchant market accounts for around 90% of revenues. We calculate that just over half of revenues are generated through the sale of packaged gases. Bulk supply accounts for around 40%, revenues from onsite business produced a marginal 1-2% of revenues. We do expect these shares to alter in the coming years – if the forecasted economic recovery does happen and customers increase their demand. This will open up the opportunity for receivers of bulk gases to be converted to small onsite supply schemes. There is a small section of the industrial gases business that operates on a captive basis, this is linked to hydrogen production at refineries.

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