Croatia: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in Croatia

In 2021, after two years of growth, there was significant decline in the Croatian positive displacement pump market, when its value decreased by -34.8% to $X. Overall, consumption, however, recorded a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2020, and then contracted markedly in the following year.

Positive Displacement Pump Production in Croatia

In value terms, positive displacement pump production totaled $X in 2021 estimated in export price. Over the period under review, production showed a abrupt setback. The pace of growth was the most pronounced in 2015 with an increase of 0.6% against the previous year. Positive displacement pump production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Positive Displacement Pump Exports

Exports from Croatia

In 2021, approx. X units of positive displacement pumps and hand pumps were exported from Croatia; jumping by 102% against the previous year. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 287% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, positive displacement pump exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 74% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Slovenia (X units) was the main destination for positive displacement pump exports from Croatia, accounting for a 52% share of total exports. Moreover, positive displacement pump exports to Slovenia exceeded the volume sent to the second major destination, Serbia (X units), threefold. The third position in this ranking was taken by Bosnia and Herzegovina (X units), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia totaled +24.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+5.9% per year) and Bosnia and Herzegovina (+1.4% per year).

In value terms, Slovenia ($X) remains the key foreign market for positive displacement pumps and hand pumps exports from Croatia, comprising 36% of total exports. The second position in the ranking was held by Serbia ($X), with a 15% share of total exports. It was followed by Bosnia and Herzegovina, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia amounted to +29.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+13.0% per year) and Bosnia and Herzegovina (+0.1% per year).

Export Prices by Country

The average positive displacement pump export price stood at $X per unit in 2021, with a decrease of -33.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 183%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Albania ($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 Switzerland (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Positive Displacement Pump Imports

Imports into Croatia

After two years of growth, supplies from abroad of positive displacement pumps and hand pumps decreased by -42.4% to X units in 2021. In general, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 114%. Over the period under review, imports attained the maximum at X units in 2020, and then contracted remarkably in the following year.

In value terms, positive displacement pump imports totaled $X in 2021. Overall, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest positive displacement pump supplier to Croatia, accounting for a 58% share of total imports. Moreover, positive displacement pump imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was held by Poland (X units), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.0% per year) and Poland (+89.4% per year).

In value terms, the largest positive displacement pump suppliers to Croatia were China ($X), Italy ($X) and Germany ($X), with a combined 59% share of total imports. Poland, Hungary, Austria and Slovenia lagged somewhat behind, together comprising a further 24%.

Poland, with a CAGR of +65.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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 positive displacement pump import price stood at $X per unit in 2021, surging by 76% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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