Croatia: Household Hand Tools Market 2024

Household Hand Tools Market Size in Croatia

After two years of decline, the Croatian household hand tools market increased by 38% to $X in 2021. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Household Hand Tools Exports

Exports from Croatia

In 2021, after three years of growth, there was significant decline in shipments abroad of household hand tools, when their volume decreased by -20.4% to X tons. Overall, exports, however, recorded a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 137% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted sharply in the following year.

In value terms, household hand tools exports skyrocketed to $X in 2021. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 158% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Hungary (X tons) was the main destination for household hand tools exports from Croatia, accounting for a 78% share of total exports. Moreover, household hand tools exports to Hungary exceeded the volume sent to the second major destination, Slovenia (X tons), ninefold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary stood at +171.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-1.9% per year) and Bosnia and Herzegovina (+2.0% per year).

In value terms, Hungary ($X) remains the key foreign market for household hand tools exports from Croatia, comprising 68% of total exports. The second position in the ranking was held by Slovenia ($X), with a 12% share of total exports. It was followed by Bosnia and Herzegovina, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Hungary totaled +163.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+11.2% per year) and Bosnia and Herzegovina (+18.2% per year).

Export Prices by Country

The average household hand tools export price stood at $X per ton in 2021, increasing by 47% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price 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. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Hungary ($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 Bosnia and Herzegovina (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Household Hand Tools Imports

Imports into Croatia

In 2021, approx. X tons of household hand tools were imported into Croatia; with an increase of 3.9% against the previous year's figure. In general, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% 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 +72.3% against 2012 indices. The pace of growth appeared the most rapid in 2016 with an increase of 25% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, household hand tools imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest household hand tools supplier to Croatia, accounting for a 36% share of total imports. Moreover, household hand tools imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +32.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+60.2% per year) and China (-14.4% per year).

In value terms, Germany ($X) constituted the largest supplier of household hand tools to Croatia, comprising 35% of total imports. The second position in the ranking was taken by Slovenia ($X), with a 13% share of total imports. It was followed by Poland, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +27.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+43.7% per year) and Poland (+74.0% per year).

Import Prices by Country

The average household hand tools import price stood at $X per ton in 2021, picking up by 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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