Croatia: Hand Tools Market 2025

Hand Tools Market Size in Croatia

In 2021, the Croatian hand tools market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hand Tools Production in Croatia

In value terms, hand tools production expanded modestly to $X in 2021 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.8% against 2018 indices. The growth pace was the most rapid in 2014 when the production volume increased by 55% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Hand Tools Exports

Exports from Croatia

After three years of growth, shipments abroad of hand tools decreased by -1.9% to X tons in 2021. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 32%. The exports peaked at X tons in 2020, and then reduced modestly in the following year.

In value terms, hand tools exports stood at $X in 2021. Overall, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 99% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), Germany (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of hand tools exports from Croatia, together comprising 55% of total exports. These countries were followed by Slovenia, Serbia, Hungary and Italy, which together accounted for a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +55.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Bosnia and Herzegovina ($X) and Serbia ($X) appeared to be the largest markets for hand tools exported from Croatia worldwide, with a combined 52% share of total exports. These countries were followed by Slovenia, the United States, Hungary and Italy, which together accounted for a further 31%.

Among the main countries of destination, Hungary, with a CAGR of +57.0%, 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

In 2021, the average hand tools export price amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

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 ($X per ton), while the average price for exports to the United States ($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 Germany (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Tools Imports

Imports into Croatia

In 2021, imports of hand tools into Croatia expanded remarkably to X tons, growing by 11% against the previous year. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +81.0% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 13%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, hand tools imports soared to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and Poland (X tons) were the main suppliers of hand tools imports to Croatia, with a combined 61% share of total imports. These countries were followed by Slovenia, Italy, Austria, the Czech Republic, the Netherlands, Slovakia, Taiwan (Chinese), Bosnia and Herzegovina, India and Hungary, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +44.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of hand tools to Croatia, comprising 35% of total imports. The second position in the ranking was held by Slovenia ($X), with an 11% share of total imports. It was followed by Poland, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+11.7% per year) and Poland (+35.1% per year).

Import Prices by Country

The average hand tools import price stood at $X per ton in 2021, surging by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Austria ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :