Croatia: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Croatia

In 2021, the Croatian mounting lifting equipment market increased by 1.9% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption, however, saw a strong expansion. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the immediate term.

Mounting Lifting Equipment Production in Croatia

In value terms, mounting lifting equipment production shrank significantly to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by 195% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Mounting Lifting Equipment Exports

Exports from Croatia

In 2021, overseas shipments of lifting equipment designed for mounting on road vehicles decreased by -11.9% to X units, falling for the third year in a row after three years of growth. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2014 when exports increased by 667%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, mounting lifting equipment exports declined to $X in 2021. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 705% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X units) was the main destination for mounting lifting equipment exports from Croatia, accounting for a 51% share of total exports. Moreover, mounting lifting equipment exports to Serbia exceeded the volume sent to the second major destination, Slovenia (X units), twofold. The third position in this ranking was held by Bosnia and Herzegovina (X units), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Serbia amounted to +56.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+25.6% per year) and Bosnia and Herzegovina (+19.6% per year).

In value terms, Serbia ($X) remains the key foreign market for lifting equipment designed for mounting on road vehicles exports from Croatia, comprising 51% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 23% share of total exports. It was followed by Bosnia and Herzegovina, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value to Serbia stood at +55.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+108.7% per year) and Bosnia and Herzegovina (+23.9% per year).

Export Prices by Country

In 2021, the average mounting lifting equipment export price amounted to $X per unit, picking up by 3.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.3%. The growth pace was the most rapid in 2018 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Austria ($X per unit) and Slovenia ($X per unit), while the average price for exports to Poland ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports into Croatia

In 2021, overseas purchases of lifting equipment designed for mounting on road vehicles decreased by -2% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 66%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, mounting lifting equipment imports rose sharply to $X in 2021. In general, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 73%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Slovenia (X units), Austria (X units) and Sweden (X units) were the main suppliers of mounting lifting equipment imports to Croatia, together comprising 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mounting lifting equipment suppliers to Croatia were Austria ($X), Sweden ($X) and Slovenia ($X), together comprising 87% of total imports. Slovakia, France, Germany, Italy, Switzerland and Hungary lagged somewhat behind, together accounting for a further 11%.

Among the main suppliers, Switzerland, with a CAGR of +69.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mounting lifting equipment import price stood at $X per unit in 2021, picking up by 7.6% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mounting lifting equipment import price increased by +17.6% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 24% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain 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 Hungary ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+36.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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