Croatia: Concrete-Mixer Lorry Market 2024

Concrete-Mixer Lorry Market Size in Croatia

For the fourth year in a row, the Croatian concrete-mixer lorry market recorded growth in sales value, which increased by 443% to $X in 2022. Over the period under review, consumption enjoyed a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Concrete-Mixer Lorry Production in Croatia

In value terms, concrete-mixer lorry production stood at less than $X in 2022 estimated in export price. Overall, production, however, recorded a sharp shrinkage. The pace of growth was the most pronounced in 2013 with a decrease of -44.1% against the previous year. Concrete-mixer lorry production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Concrete-Mixer Lorry Exports

Exports from Croatia

In 2022, shipments abroad of concrete-mixer lorries increased by 107% to X units, rising for the second year in a row after two years of decline. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, concrete-mixer lorry exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for concrete-mixer lorry exports from Croatia, with a 77% share of total exports. Moreover, concrete-mixer lorry exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Jordan (X units), sevenfold. The third position in this ranking was taken by North Macedonia (X units), with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (0.0% per year) and North Macedonia (+13.0% per year).

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for concrete-mixer lorries exports from Croatia, comprising 66% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 10% share of total exports. It was followed by Montenegro, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+26.3% per year) and Montenegro (-9.0% per year).

Export Prices by Country

The average concrete-mixer lorry export price stood at $X per unit in 2022, dropping by -19.5% against the previous year. Overall, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average export price increased by 15%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Serbia ($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 North Macedonia (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete-Mixer Lorry Imports

Imports into Croatia

In 2022, overseas purchases of concrete-mixer lorries increased by 76% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2014 with an increase of 750% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, concrete-mixer lorry imports surged to $X in 2022. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 973% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Austria (X units), Germany (X units) and Slovenia (X units) were the main suppliers of concrete-mixer lorry imports to Croatia, with a combined 87% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +49.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Switzerland ($X) were the largest concrete-mixer lorry suppliers to Croatia, with a combined 90% share of total imports.

Switzerland, with a CAGR of +56.6%, recorded 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

The average concrete-mixer lorry import price stood at $X per unit in 2022, shrinking by -7.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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