Croatia: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Croatia

In 2022, the Croatian market for diesel engines (other than for motor vehicles and aircraft) increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption recorded a temperate expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Croatia

In value terms, production of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a precipitous decrease. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Croatia

In 2022, overseas shipments of diesel engines (other than for motor vehicles and aircraft) were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) dropped to $X in 2022. In general, exports showed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), Slovenia (X units) and Serbia (X units) were the main destinations of exports of diesel engines (other than for motor vehicles and aircraft) from Croatia, together comprising X% of total exports. Italy, Bosnia and Herzegovina and Cyprus lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Cyprus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Croatia were Slovenia ($X), Serbia ($X) and Germany ($X), together accounting for X% of total exports. Italy, Bosnia and Herzegovina and Cyprus lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Cyprus, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Croatia

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were imported into Croatia; with an increase of X% on the previous year. Overall, imports showed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) contracted modestly to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of diesel engines (other than for motor vehicles and aircraft) to Croatia, accounting for a X% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and India (X% per year).

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Croatia were Italy ($X), Germany ($X) and Sweden ($X), with a combined X% share of total imports. The Netherlands, Belgium, Slovenia, Japan, China and India lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for diesel engines (other than for motor vehicles and aircraft) amounted to $X per unit, waning by X% against the previous year. In general, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :