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

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

The Croatian market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) dropped significantly to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from Croatia

In 2022, overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X units in 2021, and then fell markedly in the following year.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced remarkably to $X in 2022. In general, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Slovenia (X units) was the main destination for exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from Croatia, accounting for a X% share of total exports. Moreover, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Slovenia exceeded the volume sent to the second major destination, Montenegro (X units), sevenfold. The third position in this ranking was held by Serbia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Serbia (X% per year).

In value terms, Slovenia ($X) remains the key foreign market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Montenegro ($X), with a X% share of total exports. It was followed by Serbia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Slovenia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Serbia (X% per year).

Export Prices by Country

The average export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($X per unit), while the average price for exports to Slovenia ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into Croatia

In 2022, approx. X units of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) were imported into Croatia; falling by X% on the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports of attained the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) dropped to $X in 2022. In general, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Italy (X units), France (X units) and Slovenia (X units) were the main suppliers of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to Croatia, with a combined X% share of total imports. Austria, Japan, China, Belgium, Germany and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Austria ($X) appeared to be the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to Croatia, with a combined X% share of total imports.

Among the main suppliers, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per unit, increasing by X% against the previous year. Overall, the import price showed strong growth. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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