Croatia: Market for Equipment For Internal Combustion Engines 2025

Market Size for Equipment For Internal Combustion Engines in Croatia

The Croatian internal combustion engine equipment market dropped dramatically to $X in 2022, declining by -29.7% against the previous year. Overall, consumption continues to indicate a deep slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Equipment For Internal Combustion Engines in Croatia

In value terms, internal combustion engine equipment production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 36% against the previous year. Internal combustion engine equipment production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Equipment For Internal Combustion Engines

Exports from Croatia

In 2022, approx. X units of equipment for internal combustion engines were exported from Croatia; with an increase of 19% against the previous year's figure. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,297%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, internal combustion engine equipment exports skyrocketed to $X in 2022. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 1,094%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units), Germany (X units) and Canada (X units) were the main destinations of internal combustion engine equipment exports from Croatia, with a combined 79% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +1,010.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for equipment for internal combustion engines exports from Croatia, comprising 44% of total exports. The second position in the ranking was taken by Germany ($X), with a 21% share of total exports. It was followed by Canada, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +133.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+56.9% per year) and Canada (+1,068.5% per year).

Export Prices by Country

In 2022, the average internal combustion engine equipment export price amounted to $X per unit, falling by -2.7% against the previous year. In general, the export price recorded a slight reduction. The growth pace was the most rapid in 2015 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per unit) and the United States ($X per unit), while the average price for exports to Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.3%), while the prices for the other major destinations experienced a decline.

Imports of Equipment For Internal Combustion Engines

Imports into Croatia

After two years of growth, purchases abroad of equipment for internal combustion engines decreased by 99.9% to less than X units in 2022. Over the period under review, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. As a result, imports reached the peak of X units, and then contracted significantly in the following year.

In value terms, internal combustion engine equipment imports rose slightly to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), India (X units) and Hungary (X units) were the main suppliers of internal combustion engine equipment imports to Croatia, with a combined 66% share of total imports. Poland, Italy, Slovenia, the Netherlands and Denmark lagged somewhat behind, together comprising a further 26%.

From 2018 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +25.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), India ($X) and Hungary ($X) appeared to be the largest internal combustion engine equipment suppliers to Croatia, with a combined 66% share of total imports. Poland, Italy, Slovenia, the Netherlands and Denmark lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Poland, with a CAGR of +20.0%, 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

In 2021, the average internal combustion engine equipment import price amounted to $X per unit, shrinking by -11.5% against the previous year. Over the period under review, the import price showed a pronounced slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 23% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Slovenia ($X per unit) and Denmark ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2018 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (-4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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