Refrigerated Vessel Market Overview in Croatia
Market Overview
The Croatian refrigerated vessel market surged to $
in 2019, with an increase of % 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). Overall, consumption, however, faced a precipitous decline. The pace of growth appeared the most rapid in 2016 when the market value increased by % y-o-y. Over the period under review, the market reached the maximum level at $ in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.
In value terms, refrigerated vessel production surged to $ in 2019 estimated in export prices. Overall, production, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2016 with an increase of % y-o-y. Refrigerated vessel production peaked at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.
in 2019, with an increase of % 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). Overall, consumption, however, faced a precipitous decline. The pace of growth appeared the most rapid in 2016 when the market value increased by % y-o-y. Over the period under review, the market reached the maximum level at $ in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.In value terms, refrigerated vessel production surged to $
in 2019 estimated in export prices. Overall, production, however, faced a precipitous contraction. The most prominent rate of growth was recorded in 2016 with an increase of % y-o-y. Refrigerated vessel production peaked at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.Consumption
In 2019, the amount of refrigerated vessels (ships) consumed in Croatia surged to units, growing by % on 2018. Overall, consumption, however, recorded a significant decrease. The pace of growth appeared the most rapid in 2016 when the consumption volume increased by % against the previous year. Refrigerated vessel consumption peaked at units in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.
The size of the refrigerated vessel market in Croatia skyrocketed to $ in 2019, jumping by % 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). Over the period under review, consumption, however, faced a dramatic slump. The pace of growth was the most pronounced in 2016 with an increase of % y-o-y. Refrigerated vessel consumption peaked at $ in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.
units, growing by % on 2018. Overall, consumption, however, recorded a significant decrease. The pace of growth appeared the most rapid in 2016 when the consumption volume increased by % against the previous year. Refrigerated vessel consumption peaked at units in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.The size of the refrigerated vessel market in Croatia skyrocketed to $
in 2019, jumping by % 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). Over the period under review, consumption, however, faced a dramatic slump. The pace of growth was the most pronounced in 2016 with an increase of % y-o-y. Refrigerated vessel consumption peaked at $ in 2011; however, from 2012 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Driven by rising demand for refrigerated vessel in Croatia, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of % for the period from 2019 to , which is projected to bring the market volume to units by the end of .
% for the period from 2019 to , which is projected to bring the market volume to units by the end of .
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