Croatia: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Croatia

The Croatian trailer and semi-trailer market surged to $X in 2022, increasing by 18% against the previous year. Overall, consumption, however, recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Trailer And Semi-Trailer Production in Croatia

In value terms, trailer and semi-trailer production soared to $X in 2022 estimated in export price. In general, production, however, saw a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 517%. Trailer and semi-trailer production peaked in 2022 and is likely to see gradual growth in years to come.

Trailer And Semi-Trailer Exports

Exports from Croatia

In 2022, trailer and semi-trailer exports from Croatia rose sharply to X units, surging by 6.2% compared with 2021 figures. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 144% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, trailer and semi-trailer exports skyrocketed to $X in 2022. Over the period under review, exports saw a prominent increase. The growth pace was the most rapid in 2016 when exports increased by 60% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Germany (X units), Serbia (X units) and Slovenia (X units) were the main destinations of trailer and semi-trailer exports from Croatia, with a combined 40% share of total exports. France, Bosnia and Herzegovina, Austria, Sweden, Montenegro, Ukraine, Bulgaria, Italy, Hungary and Romania lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +128.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for cargo trailers and semi-trailers exports from Croatia, comprising 29% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with an 11% share of total exports. It was followed by Slovenia, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+12.2% per year) and Slovenia (+26.5% per year).

Export Prices by Country

In 2022, the average trailer and semi-trailer export price amounted to $X per unit, picking up by 9.9% against the previous year. In general, the export price recorded noticeable growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 80% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 Germany ($X per unit), while the average price for exports to France ($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 Germany (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Croatia

In 2022, the amount of cargo trailers and semi-trailers imported into Croatia expanded rapidly to X units, picking up by 14% compared with the previous year's figure. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 71% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, trailer and semi-trailer imports skyrocketed to $X in 2022. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 27% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of trailer and semi-trailer to Croatia, with a 46% share of total imports. Moreover, trailer and semi-trailer imports from Poland exceeded the figures recorded by the second-largest supplier, Slovenia (X units), threefold. Germany (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +32.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+29.6% per year) and Germany (+4.3% per year).

In value terms, the largest trailer and semi-trailer suppliers to Croatia were Germany ($X), Slovenia ($X) and Poland ($X), with a combined 63% share of total imports.

Slovenia, with a CAGR of +35.5%, saw the highest rates of growth with regard to 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

The average trailer and semi-trailer import price stood at $X per unit in 2022, increasing by 4.2% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2013 an increase of 16% 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 Slovakia ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+46.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform