Report Update: May 1, 2024

Croatia - Compressors For Refrigeration Equipment - Market Analysis, Forecast, Size, Trends And Insights

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Refrigerator Compressor Price in Croatia - 2023

Refrigerator Compressor Price in Croatia (CIF) - 2023

In July 2023, the average refrigerator compressor import price amounted to $235 per unit, with an increase of 12% against the previous month. Over the period under review, import price indicated slight growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, refrigerator compressor import price increased by +61.0% against April 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 48% against the previous month. The import price peaked at $253 per unit in February 2023; however, from March 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Slovakia ($592 per unit), while the price for Italy ($134 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Refrigerator Compressor Price in Croatia (FOB) - 2023

In July 2023, the average refrigerator compressor export price amounted to $169 per unit, growing by 2.7% against the previous month. Overall, the export price, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in November 2022 when the average export price increased by 24% m-o-m. Over the period under review, the average export prices hit record highs at $304 per unit in August 2022; however, from September 2022 to July 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Italy ($402 per unit), while the average price for exports to Turkey ($105 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerator Compressor Imports in Croatia

In 2022, the amount of compressors for refrigeration equipment imported into Croatia surged to 92K units, rising by 33% against the previous year's figure. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, refrigerator compressor imports soared to $14M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Refrigerator Compressor in Croatia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	3.2	2.9	3.0	4.9	15.3%
Germany	2.3	2.0	3.5	3.8	18.2%
Slovenia	0.9	1.1	1.3	1.2	10.1%
Poland	0.6	0.5	0.7	1.0	18.6%
Netherlands	0.3	0.3	0.3	0.5	18.6%
Serbia	0.2	0.1	0.1	0.5	35.7%
Slovakia	0.2	0.4	0.4	0.5	35.7%
Denmark	0.3	0.2	0.4	0.4	10.1%
Others	1.5	1.6	1.3	1.4	-2.3%
Total	9.5	9.2	10.9	14.2	14.3%

Top Suppliers of Refrigerator Compressor to Croatia in 2022:

Italy (34.4K units)
Germany (19.7K units)
Slovenia (14.8K units)
Poland (6.8K units)
Slovakia (4.4K units)
Serbia (2.8K units)
Netherlands (2.2K units)
Denmark (1.7K units)

Refrigerator Compressor Exports in Croatia

Refrigerator compressor exports from Croatia rose remarkably to 10K units in 2022, surging by 9.1% against 2021 figures. The total export volume increased at an average annual rate of +13.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, refrigerator compressor exports expanded rapidly to $2.1M in 2022. The total export value increased at an average annual rate of +13.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 33%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Refrigerator Compressor in Croatia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovenia	467	396	534	609	9.3%
Serbia	305	343	460	417	11.0%
Bosnia and Herzegovina	344	291	445	407	5.8%
Poland	78.2	63.6	90.3	106	10.7%
Italy	84.3	123	67.7	68.2	-6.8%
Austria	8.3	25.7	47.8	45.9	76.8%
Germany	49.0	369	80.3	37.9	-8.2%
Others	149	370	156	452	44.8%
Total	1,485	1,982	1,881	2,143	13.0%

Top Export Markets for Refrigerator Compressor from Croatia in 2022:

Slovenia (3.5K units)
Bosnia and Herzegovina (2.1K units)
Poland (1.3K units)
Serbia (1.0K units)
Italy (0.6K units)
Austria (0.3K units)
Germany (0.2K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the refrigerator compressor 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 28132300 - Compressors for refrigeration equipment

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023