Croatia: Motorised Invalid Carriage Market 2024

Motorised Invalid Carriage Market Size in Croatia

After three years of growth, the Croatian motorised invalid carriage market decreased by -0.5% to $X in 2021. Over the period under review, consumption continues to indicate a noticeable expansion. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Motorised Invalid Carriage Exports

Exports from Croatia

In 2021, the amount of invalid carriages motorised or mechanically propelled exported from Croatia contracted sharply to X units, falling by -70.8% against 2020 figures. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 98% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, motorised invalid carriage exports fell significantly to $X in 2021. Over the period under review, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2014 when exports increased by 102%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Serbia (X units) was the main destination for motorised invalid carriage exports from Croatia, accounting for a 46% share of total exports. Moreover, motorised invalid carriage exports to Serbia exceeded the volume sent to the second major destination, Slovenia (X units), threefold. Bosnia and Herzegovina (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Serbia stood at -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-46.0% per year) and Bosnia and Herzegovina (-13.4% per year).

In value terms, Serbia ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for motorised invalid carriage exported from Croatia worldwide, with a combined 93% share of total exports.

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of +3.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average motorised invalid carriage export price stood at $X per unit in 2021, with a decrease of -24.6% against the previous year. In general, the export price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2020 an increase of 81%. As a result, the export price attained the peak level of $X per unit, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Albania ($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 Slovenia (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.

Motorised Invalid Carriage Imports

Imports into Croatia

In 2021, supplies from abroad of invalid carriages motorised or mechanically propelled increased by 0.4% to X units, rising for the third consecutive year after four years of decline. Overall, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.1% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 66%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, motorised invalid carriage imports dropped markedly to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 35% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest motorised invalid carriage supplier to Croatia, accounting for a 83% share of total imports. Moreover, motorised invalid carriage imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), tenfold. The third position in this ranking was taken by Italy (X units), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.5% per year) and Italy (+13.2% per year).

In value terms, Germany ($X) constituted the largest supplier of invalid carriages motorised or mechanically propelled to Croatia, comprising 62% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Spain, with a 9.3% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+18.6% per year) and Spain (+3.9% per year).

Import Prices by Country

The average motorised invalid carriage import price stood at $X per unit in 2021, which is down by -18.2% against the previous year. Over the period under review, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2016 an increase of 33%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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