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

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

The Croatian market for diesel engines (other than for motor vehicles and aircraft) declined dramatically to $X in 2022, with a decrease of -36.8% against the previous year. In general, consumption continues to indicate a abrupt contraction. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in Croatia

In value terms, production of diesel engines (other than for motor vehicles and aircraft) soared to $X in 2022 estimated in export price. Overall, production, however, recorded a sharp downturn. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports from Croatia

In 2022, approx. X units of diesel engines (other than for motor vehicles and aircraft) were exported from Croatia; rising by 70% on the previous year's figure. In general, exports showed a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by 131%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) fell to $X in 2022. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 270% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for exports of diesel engines (other than for motor vehicles and aircraft) from Croatia, with a 53% share of total exports. Moreover, exports of diesel engines (other than for motor vehicles and aircraft) to Germany exceeded the volume sent to the second major destination, Slovenia (X units), twofold. The third position in this ranking was taken by Italy (X units), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+34.0% per year) and Italy (+18.8% per year).

In value terms, the largest markets for diesel engines (other than for motor vehicles and aircraft) exported from Croatia were Slovenia ($X), Serbia ($X) and Germany ($X), with a combined 78% share of total exports. Italy and Cyprus lagged somewhat behind, together accounting for a further 6.7%.

Cyprus, with a CAGR of +171.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, with a decrease of -49.8% against the previous year. Overall, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 224% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Cyprus ($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 Slovenia (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports into Croatia

In 2022, the amount of diesel engines (other than for motor vehicles and aircraft) imported into Croatia rose markedly to X units, growing by 8.1% against 2021. Over the period under review, imports saw measured growth. The pace of growth appeared the most rapid in 2017 with an increase of 173%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) reduced to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 79% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest diesel engines (other than for motor vehicles and aircraft) supplier to Croatia, accounting for a 34% share of total imports. Moreover, imports of diesel engines (other than for motor vehicles and aircraft) from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.6% per year) and the Netherlands (+51.7% per year).

In value terms, the largest diesel engines (other than for motor vehicles and aircraft) suppliers to Croatia were Italy ($X), Germany ($X) and Sweden ($X), together comprising 56% of total imports. The Netherlands, Slovenia, Japan, Turkey, China and India lagged somewhat behind, together comprising a further 16%.

Among the main suppliers, India, with a CAGR of +53.0%, recorded the highest growth rate of 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 import price for diesel engines (other than for motor vehicles and aircraft) stood at $X per unit in 2022, shrinking by -9.2% against the previous year. In general, the import price continues to indicate a pronounced curtailment. The growth pace was the most rapid in 2018 an increase of 200% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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