Croatia: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Croatia

In 2021, the Croatian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -27% to $X, falling for the fourth year in a row after three years of growth. Over the period under review, consumption showed a mild shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Croatia

In value terms, bearing housing without ball bearing production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a deep contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 92% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Croatia

In 2021, overseas shipments of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 32% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.6% against 2017 indices. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, bearing housing without ball bearing exports skyrocketed to $X in 2021. In general, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 37% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Italy (X tons) was the main destination for bearing housing without ball bearing exports from Croatia, with a 52% share of total exports. Moreover, bearing housing without ball bearing exports to Italy exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy amounted to +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-5.3% per year) and Germany (+28.9% per year).

In value terms, the largest markets for bearing housing without ball bearing exported from Croatia were Italy ($X), Austria ($X) and Germany ($X), together accounting for 69% of total exports.

Among the main countries of destination, Austria, with a CAGR of +56.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, approximately equating the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2014 an increase of 28%. The export price peaked at $X per ton in 2020, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Croatia

In 2021, the amount of bearing housings not incorporating ball or roller bearings, plain shaft bearings imported into Croatia skyrocketed to X tons, picking up by 70% on the year before. In general, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 37%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of bearing housing without ball bearing to Croatia, with a 37% share of total imports. Moreover, bearing housing without ball bearing imports from India exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +90.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+33.8% per year) and Austria (+19.5% per year).

In value terms, the largest bearing housing without ball bearing suppliers to Croatia were Germany ($X), Austria ($X) and India ($X), with a combined 53% share of total imports. Italy, Slovenia, Hungary, Sweden, Belgium, Poland, North Macedonia, China and Slovakia lagged somewhat behind, together accounting for a further 33%.

North Macedonia, with a CAGR of +107.0%, saw the highest growth rate of 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

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, declining by -24% against the previous year. Over the period under review, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 9% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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