Croatia: Metal Castor Mounting Market 2024

Metal Castor Mounting Market Size in Croatia

The Croatian metal castor mounting market reduced to $X in 2022, with a decrease of -5.1% 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, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +3.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Metal Castor Mounting Exports

Exports from Croatia

In 2022, after six years of growth, there was significant decline in shipments abroad of castors with mountings of base metal, when their volume decreased by -5.4% to X tons. Over the period under review, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when exports increased by 73% against the previous year. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, metal castor mounting exports reduced to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 57% against the previous year. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Bosnia and Herzegovina (X tons), Bulgaria (X tons) and Serbia (X tons) were the main destinations of metal castor mounting exports from Croatia, with a combined 60% share of total exports. Lithuania, Italy, Montenegro and Hungary lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +112.1%), while the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for castors with mountings of base metal exports from Croatia, comprising 31% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 13% share of total exports. It was followed by Serbia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+137.4% per year) and Serbia (+18.1% per year).

Export Prices by Country

The average metal castor mounting export price stood at $X per ton in 2022, dropping by -9.9% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of 32% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Montenegro ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Castor Mounting Imports

Imports into Croatia

In 2022, imports of castors with mountings of base metal into Croatia declined to X tons, which is down by -12.1% against the previous year's figure. Overall, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.2% against 2018 indices. The growth pace was the most rapid in 2017 when imports increased by 33% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, metal castor mounting imports reduced to $X in 2022. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 24%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced slightly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest metal castor mounting supplier to Croatia, with a 40% share of total imports. Moreover, metal castor mounting imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +26.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.6% per year) and Italy (-0.1% per year).

In value terms, the largest metal castor mounting suppliers to Croatia were Germany ($X), Austria ($X) and Italy ($X), together comprising 62% of total imports. Slovenia, China, Turkey and Poland lagged somewhat behind, together comprising a further 29%.

Among the main suppliers, Poland, with a CAGR of +47.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal castor mounting import price stood at $X per ton in 2022, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +3.8%. The growth pace was the most rapid in 2021 when the average import price increased by 28%. The import price peaked 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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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