Croatia: Aircraft Propeller Market 2025

Aircraft Propeller Market Size in Croatia

The Croatian aircraft propeller market reduced notably to $X in 2022, dropping by -46% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Aircraft Propeller Exports

Exports from Croatia

In 2022, the amount of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exported from Croatia surged to X tons, growing by 315% compared with 2021 figures. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 1,300%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, aircraft propeller exports fell to $X in 2022. In general, exports recorded a pronounced increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,076%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Montenegro (X tons) was the main destination for aircraft propeller exports from Croatia, with a 90% share of total exports. Moreover, aircraft propeller exports to Montenegro exceeded the volume sent to the second major destination, Slovenia (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Montenegro stood at +138.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-5.2% per year) and Bosnia and Herzegovina (+132.1% per year).

In value terms, Montenegro ($X) emerged as the key foreign market for propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes exports from Croatia, comprising 81% of total exports. The second position in the ranking was held by Slovenia ($X), with a 9.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Montenegro amounted to +149.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-8.9% per year) and Bosnia and Herzegovina (+337.1% per year).

Export Prices by Country

The average aircraft propeller export price stood at $X per ton in 2022, reducing by -78.9% against the previous year. In general, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 174%. The export price peaked at $X per ton in 2021, and then dropped markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Montenegro ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+88.4%), while the prices for the other major destinations experienced mixed trend patterns.

Aircraft Propeller Imports

Imports into Croatia

In 2022, imports of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes into Croatia fell sharply to X tons, which is down by -33.7% against the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 288%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, aircraft propeller imports declined dramatically to $X in 2022. Overall, imports, however, saw moderate growth. The growth pace was the most rapid in 2018 with an increase of 300% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), the United States (X tons) and Italy (X kg) were the main suppliers of aircraft propeller imports to Croatia, together accounting for 83% of total imports. Germany, Greece and the Netherlands lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +59.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of propellers and rotors for civil non-powered aircraft, helicopters and aeroplanes to Croatia, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+25.6% per year) and Germany (+64.8% per year).

Import Prices by Country

In 2022, the average aircraft propeller import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2014 an increase of 43%. As a result, import price reached the peak level of $X per ton. From 2015 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 Germany ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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