Croatia: Lift And Hoist Market 2024

Lift And Hoist Market Size in Croatia

The Croatian lift and hoist market skyrocketed to $X in 2022, picking up by 420% against the previous year. Over the period under review, consumption continues to indicate significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Lift And Hoist Production in Croatia

In value terms, lift and hoist production reached $X in 2022 estimated in export price. In general, production enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 50% against the previous year. Lift and hoist production peaked in 2022 and is expected to retain growth in years to come.

Lift And Hoist Exports

Exports from Croatia

Lift and hoist exports from Croatia shrank remarkably to X units in 2022, with a decrease of -16.1% on the previous year. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 172% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, lift and hoist exports fell to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 156%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for lift and hoist exports from Croatia, accounting for a 50% share of total exports. Moreover, lift and hoist exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, the UK (X units), twofold. Slovenia (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.3% per year) and Slovenia (+33.5% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for lifts and hoists exports from Croatia, comprising 51% of total exports. The second position in the ranking was taken by the UK ($X), with a 24% share of total exports. It was followed by Slovenia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-0.4% per year) and Slovenia (+28.7% per year).

Export Prices by Country

In 2022, the average lift and hoist export price amounted to $X per unit, surging by 11% against the previous year. Over the period under review, the export price, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 13%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Montenegro ($X per unit) and Serbia ($X per unit), while the average price for exports to Romania ($X per unit) and Latvia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+6.5%), while the prices for the other major destinations experienced a decline.

Lift And Hoist Imports

Imports into Croatia

Lift and hoist imports into Croatia rose significantly to X units in 2022, surging by 14% on the year before. Overall, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 39%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, lift and hoist imports amounted to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +115.5% against 2016 indices. The pace of growth was the most pronounced in 2018 when imports increased by 27%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Spain (X units), Italy (X units) and Slovakia (X units) were the main suppliers of lift and hoist imports to Croatia, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +68.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and Slovakia ($X) were the largest lift and hoist suppliers to Croatia, with a combined 84% share of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of +100.6%, recorded the highest rates of growth with regard to 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

In 2022, the average lift and hoist import price amounted to $X per unit, with a decrease of -1.6% against the previous year. In general, the import price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 10% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($X per unit) and Germany ($X per unit), while the price for Sweden ($X per unit) and Bosnia and Herzegovina ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+18.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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