Croatia: Market for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes 2024

Market Size for Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes in Croatia

The Croatian market for buckets, shovels, grabs and grips for ships’ derricks and cranes reached $X in 2022, surging by 10% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes in Croatia

In value terms, ship derrick buckets and shovels production expanded to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 147%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Exports from Croatia

For the fifth consecutive year, Croatia recorded growth in overseas shipments of buckets, shovels, grabs and grips for ships’ derricks and cranes, which increased by 3.2% to X units in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 97% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, ship derrick buckets and shovels exports amounted to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 109%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Austria (X units) was the main destination for ship derrick buckets and shovels exports from Croatia, accounting for a 67% share of total exports. Moreover, ship derrick buckets and shovels exports to Austria exceeded the volume sent to the second major destination, Slovenia (X units), fourfold. The third position in this ranking was held by Serbia (X units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Austria stood at +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+70.6% per year) and Serbia (+7.5% per year).

In value terms, Austria ($X) remains the key foreign market for buckets, shovels, grabs and grips for ships’ derricks and cranes exports from Croatia, comprising 64% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 20% share of total exports. It was followed by Serbia, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria totaled +24.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+78.4% per year) and Serbia (+7.8% per year).

Export Prices by Country

In 2022, the average export price for buckets, shovels, grabs and grips for ships’ derricks and cranes amounted to $X per unit, stabilizing at the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovenia ($X per unit) and Serbia ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) and Austria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Buckets, Shovels, Grabs And Grips For Ships’ Derricks And Cranes

Imports into Croatia

Ship derrick buckets and shovels imports into Croatia skyrocketed to X units in 2022, increasing by 23% on 2021. Overall, imports posted a buoyant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 74%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, ship derrick buckets and shovels imports soared to $X in 2022. In general, imports showed strong growth. The pace of growth was the most pronounced in 2017 when imports increased by 41%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Austria (X units), Italy (X units) and Slovenia (X units) were the main suppliers of ship derrick buckets and shovels imports to Croatia, together accounting for 46% of total imports. Germany, the UK, Turkey, Bosnia and Herzegovina, Slovakia, the Netherlands, Serbia, Sweden, the Czech Republic and Poland lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +91.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ship derrick buckets and shovels suppliers to Croatia were Austria ($X), Slovenia ($X) and Italy ($X), with a combined 52% share of total imports. These countries were followed by Germany, the Netherlands, Turkey, the UK, Bosnia and Herzegovina, Slovakia, Sweden, the Czech Republic, Poland and Serbia, which together accounted for a further 37%.

Turkey, with a CAGR of +208.2%, saw the highest growth rate of the value of imports, in terms of 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 buckets, shovels, grabs and grips for ships’ derricks and cranes amounted to $X per unit, with an increase of 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 an increase of 43%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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