Croatia: Truck Crane Market 2025

Truck Crane Market Size in Croatia

In 2021, the Croatian truck crane market decreased by -15.8% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption faced a abrupt shrinkage. Truck crane consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Truck Crane Production in Croatia

In value terms, truck crane production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 when the production volume increased by 184% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Truck Crane Exports

Exports from Croatia

In 2021, overseas shipments of truck cranes were finally on the rise to reach X units after two years of decline. Overall, exports, however, continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 99%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, truck crane exports fell significantly to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 147% against the previous year. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

Greece (X units) was the main destination for truck crane exports from Croatia, accounting for a 39% share of total exports. Moreover, truck crane exports to Greece exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fourfold. Egypt (X units) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume to Greece was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+14.0% per year) and Egypt (+31.6% per year).

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for truck cranes exports from Croatia, comprising 37% of total exports. The second position in the ranking was taken by Egypt ($X), with a 17% share of total exports. It was followed by Greece, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina amounted to -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-11.6% per year) and Greece (0.0% per year).

Export Prices by Country

The average truck crane export price stood at $X per unit in 2021, shrinking by -83% against the previous year. Overall, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2020 when the average export price increased by 194%. As a result, the export price reached the peak level of $X per unit, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Truck Crane Imports

Imports into Croatia

After two years of growth, overseas purchases of truck cranes decreased by -19.9% to X units in 2021. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when imports increased by 546%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, truck crane imports reduced markedly to $X in 2021. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 592%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest truck crane supplier to Croatia, accounting for a 5.9% share of total imports. Moreover, truck crane imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X units), fourfold. Austria (X units) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-28.3% per year) and Austria (-15.7% per year).

In value terms, Germany ($X) constituted the largest supplier of truck cranes to Croatia, comprising 87% of total imports. The second position in the ranking was held by Slovenia ($X), with a 4.7% share of total imports. It was followed by Austria, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (-15.2% per year) and Austria (-5.2% per year).

Import Prices by Country

The average truck crane import price stood at $X per unit in 2021, approximately reflecting the previous year. In general, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 130% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 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 Germany ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+65.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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