Croatia: Vacuum Pump Market 2024

Vacuum Pump Market Size in Croatia

The Croatian vacuum pump market stood at $X in 2022, growing by 9.6% against the previous year. Overall, consumption, however, saw a perceptible setback. Vacuum pump consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vacuum Pump Production in Croatia

In value terms, vacuum pump production rose slightly to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced downturn. The pace of growth appeared the most rapid in 2015 when the production volume increased by 15% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Vacuum Pump Exports

Exports from Croatia

In 2022, approx. X units of vacuum pumps were exported from Croatia; dropping by -78% on 2021. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 3,005%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, vacuum pump exports shrank markedly to $X in 2022. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 77%. The exports peaked at $X in 2021, and then contracted sharply in the following year.

Exports by Country

Slovenia (X units), Bosnia and Herzegovina (X units) and Serbia (X units) were the main destinations of vacuum pump exports from Croatia, with a combined 32% share of total exports. Italy, Germany, Montenegro and Austria lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vacuum pump exported from Croatia were Slovenia ($X), Bosnia and Herzegovina ($X) and Serbia ($X), with a combined 58% share of total exports.

Serbia, with a CAGR of +31.2%, saw the highest rates of growth with regard to 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 vacuum pump export price stood at $X per unit in 2022, picking up by 191% against the previous year. Over the period under review, the export price recorded strong growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 3,800%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Montenegro ($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 Kazakhstan (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into Croatia

In 2022, supplies from abroad of vacuum pumps decreased by -17.7% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 72%. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped dramatically in the following year.

In value terms, vacuum pump imports dropped to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 109%. Over the period under review, imports attained the maximum at $X in 2021, and then dropped in the following year.

Imports by Country

Romania (X units), Germany (X units) and Slovenia (X units) were the main suppliers of vacuum pump imports to Croatia, with a combined 55% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +118.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of vacuum pumps to Croatia, comprising 38% of total imports. The second position in the ranking was held by Slovenia ($X), with a 15% share of total imports. It was followed by Romania, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+24.9% per year) and Romania (+102.7% per year).

Import Prices by Country

In 2022, the average vacuum pump import price amounted to $X per unit, with an increase of 8.2% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vacuum pump import price increased by +33.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 52%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :