Croatia: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in Croatia

The Croatian market for vacuum pumps and air or gas compressors surged to $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Vacuum Pumps and Air or Gas Compressors in Croatia

In value terms, production of vacuum pumps and air or gas compressors rose markedly to $X in 2022 estimated in export price. Overall, production recorded resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports from Croatia

In 2022, overseas shipments of vacuum pumps and air or gas compressors decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then shrank sharply in the following year.

In value terms, exports of vacuum pumps and air or gas compressors skyrocketed to $X in 2022. In general, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Slovenia (X units) was the main destination for exports of vacuum pumps and air or gas compressors from Croatia, with a X% share of total exports. Moreover, exports of vacuum pumps and air or gas compressors to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), threefold. Poland (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Poland (X% per year).

In value terms, Slovenia ($X), Bosnia and Herzegovina ($X) and Poland ($X) constituted the largest markets for vacuum pump and air or gas compressor exported from Croatia worldwide, with a combined X% share of total exports.

Poland, with a CAGR of X%, 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

In 2022, the average export price for vacuum pumps and air or gas compressors amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($X per unit), while the average price for exports to Slovenia ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports into Croatia

In 2022, the amount of vacuum pumps and air or gas compressors imported into Croatia surged to X units, growing by X% against 2021 figures. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of vacuum pumps and air or gas compressors skyrocketed to $X in 2022. In general, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of imports of vacuum pumps and air or gas compressors to Croatia, together accounting for X% of total imports. Slovenia, Poland, the Netherlands, Romania, Austria and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Italy ($X), Germany ($X) and Slovenia ($X) constituted the largest vacuum pump and air or gas compressor suppliers to Croatia, with a combined X% share of total imports. Poland, Austria, China, the Netherlands, Romania and the UK lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for vacuum pumps and air or gas compressors amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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