Croatia: Market for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft 2023

Market Size for Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in Croatia

In 2021, the Croatian aircraft internal combustion engine market was finally on the rise to reach $X after two years of decline. Overall, consumption saw significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft in Croatia

In value terms, aircraft internal combustion engine production totaled $X in 2021 estimated in export price. Overall, production continues to indicate a slight increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 49% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft

Exports from Croatia

Aircraft internal combustion engine exports from Croatia soared to X units in 2019, jumping by 69,100% compared with the previous year. In general, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, aircraft internal combustion engine exports soared to $X in 2019. Overall, exports posted a perceptible increase. The exports peaked at $X in 2013; however, from 2014 to 2019, the exports failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for aircraft internal combustion engine exports from Croatia, with a 80% share of total exports. Moreover, aircraft internal combustion engine exports to Italy exceeded the volume sent to the second major destination, Serbia (X units), eightfold. The third position in this ranking was taken by the United States (X units), with a 5.1% share.

From 2012 to 2019, the average annual growth rate of volume to Italy amounted to +44.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+14.3% per year) and the United States (+3.8% per year).

In value terms, Canada ($X) remains the key foreign market for aircraft internal combustion engine exports from Croatia, comprising 93% of total exports. The second position in the ranking was taken by Italy ($X), with a 6.2% share of total exports. It was followed by the United States, with a 0.4% share.

From 2012 to 2019, the average annual growth rate of value to Canada totaled +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+35.5% per year) and the United States (+29.2% per year).

Export Prices by Country

In 2019, the average aircraft internal combustion engine export price amounted to $X per unit, dropping by -38.3% against the previous year. Overall, the export price showed a deep slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 49%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2019, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+24.9%), while the prices for the other major destinations experienced a decline.

Imports of Spark-Ignition Reciprocating Or Rotary Internal Combustion Piston Engines For Aircraft

Imports into Croatia

In 2020, imports of spark-ignition reciprocating or rotary internal combustion piston engines for aircraft into Croatia plummeted to X units, reducing by -72.7% on the previous year. Overall, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of 850% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019, and then fell significantly in the following year.

In value terms, aircraft internal combustion engine imports reduced markedly to $X in 2020. In general, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of 660%. Over the period under review, imports hit record highs at $X in 2019, and then fell markedly in the following year.

Imports by Country

From 2012 to 2021, the average annual growth rate of volume from No country was relatively modest.

In value terms, Serbia ($X) constituted the largest supplier of aircraft internal combustion engine to Croatia.

From 2012 to 2021, the average annual growth rate of value from Serbia totaled +12.4%.

Import Prices by Country

In 2020, the average aircraft internal combustion engine import price amounted to $X per unit, which is down by -24.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 81% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019, and then declined rapidly in the following year.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2020, the rate of growth in terms of prices for the Czech Republic amounted to +150.8% per year.

Source: IndexBox Market Intelligence Platform

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