Croatia: Air Conditioning Machine Market 2024

Air Conditioning Machine Market Size in Croatia

The Croatian air conditioning machine market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption showed a relatively flat trend pattern. Air conditioning machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Air Conditioning Machine Production in Croatia

In value terms, air conditioning machine production surged to $X in 2021 estimated in export price. Overall, production showed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 55%. Air conditioning machine production peaked in 2021 and is expected to retain growth in the immediate term.

Air Conditioning Machine Exports

Exports from Croatia

For the seventh year in a row, Croatia recorded growth in overseas shipments of air conditioning machines, which increased by 24% to X units in 2021. Overall, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 42%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, air conditioning machine exports soared to $X in 2021. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 42%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for air conditioning machine exports from Croatia, with a 18% share of total exports. Moreover, air conditioning machine exports to Germany exceeded the volume sent to the second major destination, Austria (X units), twofold. France (X units) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+92.2% per year) and France (+28.1% per year).

In value terms, the largest markets for air conditioning machine exported from Croatia were Germany ($X), France ($X) and Slovenia ($X), together accounting for 38% of total exports. Austria, Bosnia and Herzegovina, the Netherlands, Romania, Slovakia, Poland, Italy, Kazakhstan, Hungary and the United Arab Emirates lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, Austria, with a CAGR of +88.7%, recorded 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 2021, the average air conditioning machine export price amounted to $X per unit, increasing by 8.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2013 an increase of 26% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Air Conditioning Machine Imports

Imports into Croatia

In 2021, imports of air conditioning machines into Croatia surged to X units, picking up by 17% on 2020 figures. In general, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 33% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, air conditioning machine imports skyrocketed to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of air conditioning machine to Croatia, with a 60% share of total imports. Moreover, air conditioning machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), sixfold. The third position in this ranking was held by Germany (X units), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.0% per year) and Germany (+6.8% per year).

In value terms, China ($X) constituted the largest supplier of air conditioning machine to Croatia, comprising 42% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by Austria, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.4% per year) and Austria (+53.9% per year).

Import Prices by Country

In 2021, the average air conditioning machine import price amounted to $X per unit, growing by 2.3% against the previous year. In general, the import price, however, continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 16%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovakia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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