Experts Club has published a study on the dynamics of industrial production in Croatia and its trends in recent years. In the beginning of 2025, industrial production in Croatia shows moderate growth, despite fluctuations in previous months. According to the Croatian Bureau of Statistics, industrial production increased by 5.4% in February 2025 compared to the same period of the previous year. This is a slowdown compared to January 2025, when growth was 7.6%.
The following industries recorded the highest growth in February 2025.
At the same time, consumer goods production declined:
Monthly trends
Compared to January 2025, industrial production fell 3.9% in February. This is the first decline in the last three months, indicating instability in the industrial sector.
Historical dynamics of industrial production (2000-2024)
Below are the dynamics of industrial production in Croatia for the period from 2000 to 2024:
These data reflect fluctuations in Croatia’s industrial production over the last 25 years, with periods of both growth and decline.
Experts Club Information and Analytical Center has analyzed the dynamics of industrial production in Serbia and its growth trends in Serbia in recent years. At the beginning of 2025, industrial production in Serbia shows a slowdown in growth compared to the previous year. According to Trading Economics, in January 2025, industrial production increased by 0.4% in annualized terms, but in February it recorded a decrease of 1.8% compared to the same period in 2024.
In 2024, industrial production in Serbia showed positive dynamics. In December 2024, growth amounted to 2.7% in annual terms, which was the result of a 9.9% increase in production in the extractive industry and a 5.6% increase in manufacturing.
In order to understand the current trends, let us look at the changes in industrial production in Serbia in recent years, based on the analysis of data collected by the Experts Club for the period from 2000 to 2024.
2000: growth by 10.2%
2001: growth by 1.5%
2002: growth by 1.7%
2003: 3.5% growth
2004: 7.1% growth
2005: 0.8% growth
2006: 4.7% growth
2007: 4.9% growth
2008: increase of 1.1%
2009: decrease of 12.1%
2010: increase of 2.5%
2011: increase of 2.1%
2012: decrease of 1.5%
2013: increase of 5.5%
2014: decrease of 6.5%
2015: increase of 8.3%
2016: growth of 4.7%
2017: increase of 3.9%
2018: growth of 1.3%
2019: increase of 0.3%
2020: decrease of 1.0%
2021: increase of 6.0%
2022: increase of 1.9%
2023: increase of 5.8%
2024: 3.1% growth
The data reflect fluctuations in Serbia’s industrial production over the last 25 years, with periods of both growth and decline. For the last 4 years, industrial production in Serbia has been growing steadily.
Industrial production in Ukraine in June this year decreased by 0.3% against June last year and by 6.2% against May this year, the State Statistics Service (Gosstat) said in a statement.
According to its data, as a result, the growth of industrial production at the end of the first half of 2024 compared to the same period last year slowed to 8.1% from 9.9% at the end of five months.
It is pointed out that the decline in production in June was due to a drop in the supply of electricity, gas, steam and conditioned air, down 11.2%, while the processing industry recorded an increase of 0.6% and mining and quarrying 1.4%.
It is specified that the increase in production in June 2024 to June 2023 was recorded in metallurgy – by 34%, in mining and quarrying – by 1.4% due to growth in the extraction of metal ores – by 30.1%, in the production of coke and petroleum refining products – by 3.2%.
In general, for the first half of 2024 industrial production in Ukraine increased in the processing industry – by 11%, in mining and quarrying – by 9.3%, in the supply of electricity, gas, steam and conditioned air – by 1.5%.
The Stat Department points out that the volume of industrial products sold in January-June this year reached 1707.9 billion UAH, of which outside the country – 351.7 billion UAH.
The State Statistics Committee reminded that in May this year there was a growth of 3.6% compared to May last year, in April – by 11.6%%, in March – by 5%.
According to revised data of the State Statistics Committee, industrial production in Ukraine in 2023 increased by 6.8%, while in 2022 the decline amounted to 36.7%.
Ukraine in 2022 sold industrial products (goods, services) worth 2.814 trillion UAH, which is 21.5% less than in 2021 (3.584 trillion UAH), including outside the country – on 564.097 billion UAH, the State Statistics Service said on Friday.
According to her data, in December 2022 compared to December 2021, the turnover of products sold in the extractive and processing industries decreased by 38.1%. Sales of the extractive industry in December-2022 compared to December-2021 decreased by 40.2%, processing industry – by 37.7%.
Sales in the extractive industry in December-2022 compared to November-2022 increased by 7.8%, in the processing industry – by 5.0%.
In total sales of industrial products in 2022 the largest share came from processing industry (53.6%), supply of electricity, gas, steam and air conditioning (31.1%), mining and quarrying (14.1%), metallurgical production (8.6%).
As reported, Ukraine in 2021 sold industrial products (goods, services) in the amount of 3.584 trillion UAH.
The Parliamentary Committee on Finance, Tax and Customs Policy on Tuesday recommended that draft laws No. 8298 and No. 8299, which exempt the import of equipment and components for own production from VAT and duties until the end of martial law (MP), be passed as a basis, the committee head Daniil Hetmantsev said in a telegram.
“The Ministry of Finance did not support almost the entire law … During the committee noted that without the agreement of the IMF this bill will not be adopted. Negotiations with the IMF on this law have not yet been held,” the deputy head of the committee Yaroslav Zheleznyak indicated in Telegram.
As specified Getmantsev, the bills also include preferential rent for iron ore and water for the period of the EaP, as well as single tax benefits for the taxpayers of Group 4.
In addition, it is planned to extend the life of the registered EDR, which had such a term expired during the EaP, as well as the abolition of taxation for electronic stamps and digital postage stamp and services for the demonstration and demonstration of films with Ukrainian dubbing.
“My prediction is that we will never accept it as a whole in this volume, precisely because of the IMF position,” Zheleznyak said.
Ukrainian industry is one of the sectors of the economy most affected by the war. Since February 24, many large enterprises, primarily in the east and south of the country, have lost their production capacities, and the staff was forced to evacuate. At the same time, individual production facilities were transferred to the western regions, where they are being restored on the basis of more modern industrial facilities, such as industrial parks that appeared shortly before the war.
The Open4business portal spoke about the future of Ukrainian industry and the prospects for the restoration of production with Igor Stakovychenko, an expert in the field of economics.
According to the expert, the production of goods with high added value should become a priority for the development of the economy for decades to come.
“Before the aggression, our industry worked mainly according to standards that were not particularly modernized in 30 years of independence. This is the so-called canonical model, when you have raw materials, workshops, shipping, logistics, and so on. And there must also be stable consumers who will always buy products. Many plants with such a system failed the market test and closed down. Mostly giants remained, who more or less adapted. After the war, it will definitely not be possible to rebuild production in the same form, a fundamentally new model is needed, ”Igor Stakovichenko is sure.
The expert noted that in the modern world, the modernization of production involves the introduction of new management methods, as well as the creation of more adaptive sites, such as industrial zones or parks.
“If you have a workshop for the production of one specific part, which is itself part of a complex and long chain for creating the final product, then the situation above is rather precarious in modern conditions since you depend on many factors: suppliers, market situation, current conjuncture. If you have, for example, a 3D printer that can produce any shape to order for a specific client, then the situation is more stable for you, since you can quickly reorient yourself when the market changes. In the modern world, the industry is striving for greater universalization,” explained Igor Stakovichenko.
According to him, the restoration of the industry should begin now and be based, firstly, on the creation of industrial parks in safe regions, and secondly, on the modernization of existing industries for new models. As an example, Stakovichenko cites the development of this concept in Poland or the Czech Republic, where industrial zones already provide up to 50% of GDP.
“The government is now acting in the right direction, providing tax incentives to such industrial zones, this will lay the foundation for the rapid restoration of the country’s industrial potential in the post-war period,” Stakovichenko summed up.
ECONOMY, IGOR STAKOVICHENKO, INDUSTRY, MARKETS, PRODUCTION, STAKOVICHENKO
