Croatia: Jacks And Hoists Market 2024

Jacks And Hoists Market Size in Croatia

For the third consecutive year, the Croatian jacks and hoists market recorded decline in sales value, which decreased by -14% to $X in 2022. Overall, consumption, however, saw a strong expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Jacks And Hoists Production in Croatia

In value terms, jacks and hoists production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep setback. The pace of growth appeared the most rapid in 2014 when the production volume increased by 225% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Jacks And Hoists Exports

Exports from Croatia

In 2022, overseas shipments of jacks and hoists for raising vehicles decreased by -19.8% to X units for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 96%. The exports peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, jacks and hoists exports fell remarkably to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 174% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Serbia (X units), Bosnia and Herzegovina (X units) and Montenegro (X units) were the main destinations of jacks and hoists exports from Croatia, together accounting for 91% 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 Montenegro (with a CAGR of +81.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for jacks and hoists exported from Croatia were Serbia ($X), Slovenia ($X) and Bosnia and Herzegovina ($X), together accounting for 89% of total exports. Montenegro, Hungary, North Macedonia and Italy lagged somewhat behind, together comprising a further 7.9%.

Montenegro, with a CAGR of +57.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average jacks and hoists export price stood at $X per unit in 2022, falling by -39.8% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 64% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Italy ($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 (-2.4%), while the prices for the other major destinations experienced a decline.

Jacks And Hoists Imports

Imports into Croatia

In 2022, approx. X units of jacks and hoists for raising vehicles were imported into Croatia; shrinking by -18.3% compared with 2021 figures. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 142% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, jacks and hoists imports expanded notably to $X in 2022. In general, imports, however, enjoyed pronounced growth. The pace of growth appeared the most rapid in 2019 when imports increased by 110% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Italy (X units), China (X units) and Germany (X units) were the main suppliers of jacks and hoists imports to Croatia, together accounting for 65% of total imports. Poland, Spain, the Czech Republic, the UK, Slovenia and Austria lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +75.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest jacks and hoists suppliers to Croatia were Italy ($X), Germany ($X) and China ($X), together comprising 77% of total imports. Slovenia, the Czech Republic, Poland, the UK, Austria and Spain lagged somewhat behind, together accounting for a further 17%.

The Czech Republic, with a CAGR of +67.9%, recorded the highest rates of growth with regard to the value of imports, among 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 jacks and hoists import price stood at $X per unit in 2022, growing by 37% against the previous year. Over the period under review, the import price, however, recorded a mild decrease. The import price peaked 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 Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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