Croatia: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Croatia

The Croatian mechanical shovel and excavator market surged to $X in 2021, jumping by 49% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a significant expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Croatia

In 2021, the amount of mechanical shovels, excavators and shovel loaders exported from Croatia reduced modestly to X units, which is down by -1.7% compared with 2020 figures. Over the period under review, total exports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 73% against the previous year. As a result, the exports attained the peak of X units, and then fell slightly in the following year.

In value terms, mechanical shovel and excavator exports soared to $X in 2021. Overall, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 49%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Serbia (X units), Bosnia and Herzegovina (X units) and Slovenia (X units) were the main destinations of mechanical shovel and excavator exports from Croatia, with a combined 69% share of total exports. North Macedonia, Germany, Italy, Montenegro, Hungary, the Netherlands, Austria and Kosovo lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Kosovo (with a CAGR of +266.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Bosnia and Herzegovina ($X) and Slovenia ($X) constituted the largest markets for mechanical shovel and excavator exported from Croatia worldwide, together comprising 67% of total exports. These countries were followed by North Macedonia, Germany, Austria, Italy, Montenegro, Hungary, Kosovo and the Netherlands, which together accounted for a further 25%.

Kosovo, with a CAGR of +1,178.4%, saw the highest rates of growth with regard to 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

In 2021, the average mechanical shovel and excavator export price amounted to $X per unit, rising by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (+248.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Croatia

In 2021, the amount of mechanical shovels, excavators and shovel loaders imported into Croatia surged to X units, growing by 20% compared with the previous year. Overall, imports recorded a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 43% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, mechanical shovel and excavator imports soared to $X in 2021. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 55%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Austria (X units), Germany (X units) and Italy (X units) were the main suppliers of mechanical shovel and excavator imports to Croatia, together comprising 51% of total imports. Slovenia, France, Belgium, South Korea, the Netherlands, the UK, China, Sweden and the Czech Republic lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +62.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Slovenia ($X) constituted the largest mechanical shovel and excavator suppliers to Croatia, together accounting for 47% of total imports. These countries were followed by Italy, South Korea, the Netherlands, Belgium, Sweden, the UK, France, China and the Czech Republic, which together accounted for a further 47%.

Among the main suppliers, the Netherlands, with a CAGR of +71.0%, 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 2021, the average mechanical shovel and excavator import price amounted to $X per unit, jumping by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2016 an increase of 20%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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