Croatia: Hydraulic Jack Market 2024

Hydraulic Jack Market Size in Croatia

In 2022, the Croatian hydraulic jack market decreased by -0.7% to $X for the first time since 2017, thus ending a four-year rising trend. Over the period under review, consumption, however, posted resilient growth. Hydraulic jack consumption peaked at $X in 2021, and then shrank slightly in the following year.

Hydraulic Jack Production in Croatia

In value terms, hydraulic jack production fell remarkably to $X in 2022 estimated in export price. In general, production showed a prominent increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 389% against the previous year. As a result, production attained the peak level of $X, and then reduced sharply in the following year.

Hydraulic Jack Exports

Exports from Croatia

Hydraulic jack exports from Croatia declined sharply to X units in 2022, which is down by -24% compared with 2021. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 183% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydraulic jack exports dropped slightly to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 200% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell modestly in the following year.

Exports by Country

Serbia (X units), Slovenia (X units) and Bosnia and Herzegovina (X units) were the main destinations of hydraulic jack exports from Croatia, together accounting for 77% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +99.1%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X) remains the key foreign market for hydraulic jacks and hoists for raising vehicles exports from Croatia, comprising 61% of total exports. The second position in the ranking was held by Slovenia ($X), with a 20% share of total exports. It was followed by Bosnia and Herzegovina, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Serbia totaled +51.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+132.7% per year) and Bosnia and Herzegovina (+23.8% per year).

Export Prices by Country

The average hydraulic jack export price stood at $X per unit in 2022, increasing by 26% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 50%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, 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 ($X per unit), while the average price for exports to Bulgaria ($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 Slovenia (+16.9%), while the prices for the other major destinations experienced a decline.

Hydraulic Jack Imports

Imports into Croatia

In 2022, overseas purchases of hydraulic jacks and hoists for raising vehicles decreased by -15% to X units, falling for the second consecutive year after three years of growth. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 41% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, hydraulic jack imports totaled $X in 2022. In general, imports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 46%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic jack supplier to Croatia, accounting for a 38% share of total imports. Moreover, hydraulic jack imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Poland (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.9% per year) and Poland (+41.0% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic jacks and hoists for raising vehicles to Croatia, comprising 35% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Italy, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.0% per year) and Italy (+11.5% per year).

Import Prices by Country

The average hydraulic jack import price stood at $X per unit in 2022, surging by 23% against the previous year. In general, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 67% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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