Croatia: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Croatia

In 2022, the Croatian tow-behind air compressor market decreased by -4.6% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, consumption, however, saw a noticeable expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Tow-Behind Air Compressor Exports

Exports from Croatia

In 2022, exports of air compressors mounted on a wheeled chassis for towing from Croatia soared to X units, rising by 57% against 2021 figures. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 when exports increased by 396%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, tow-behind air compressor exports skyrocketed to $X in 2022. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,402%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for tow-behind air compressor exports from Croatia, accounting for a 45% share of total exports. Moreover, tow-behind air compressor exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Turkey (X units), fourfold. Austria (X units) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+16.7% per year) and Austria (0.0% per year).

In value terms, the largest markets for tow-behind air compressor exported from Croatia were Libya ($X), Bosnia and Herzegovina ($X) and Turkey ($X), with a combined 91% share of total exports. The Netherlands, Montenegro, Slovakia, Poland, the UK, Austria and France lagged somewhat behind, together accounting for a further 7.6%.

Among the main countries of destination, France, with a CAGR of +128.6%, saw the highest rates of growth with regard to 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 tow-behind air compressor export price amounted to $X per unit, rising by 85% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 463%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 Libya ($X per unit), while the average price for exports to France ($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 France (+14.3%), while the prices for the other major destinations experienced a decline.

Tow-Behind Air Compressor Imports

Imports into Croatia

In 2022, after six years of growth, there was significant decline in supplies from abroad of air compressors mounted on a wheeled chassis for towing, when their volume decreased by -7% to X units. Over the period under review, imports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 270% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, tow-behind air compressor imports expanded remarkably to $X in 2022. Overall, imports, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2014 with an increase of 69%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of tow-behind air compressor to Croatia, with a 45% share of total imports. Moreover, tow-behind air compressor imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. The third position in this ranking was taken by Slovenia (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+63.2% per year) and Slovenia (+32.8% per year).

In value terms, Belgium ($X), Poland ($X) and Italy ($X) were the largest tow-behind air compressor suppliers to Croatia, with a combined 58% share of total imports.

Among the main suppliers, Poland, with a CAGR of +89.3%, 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

The average tow-behind air compressor import price stood at $X per unit in 2022, increasing by 16% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 162% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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