Croatia: Market for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels 2022

Market Size for Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Croatia

In 2021, the Croatian market for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a pronounced descent. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels in Croatia

In value terms, grease fittings and oil seals production totaled $X in 2021 estimated in export price. Overall, production showed a mild curtailment. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Exports from Croatia

In 2021, overseas shipments of non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels increased by 15% to X units, rising for the second consecutive year after two years of decline. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 72% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, grease fittings and oil seals exports soared to $X in 2021. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2014 when exports increased by 35%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Austria (X units) was the main destination for grease fittings and oil seals exports from Croatia, accounting for a 72% share of total exports. Moreover, grease fittings and oil seals exports to Austria exceeded the volume sent to the second major destination, Germany (X units), fivefold. The third position in this ranking was taken by Italy (X units), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Austria stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+40.3% per year) and Italy (+251.5% per year).

In value terms, Austria ($X) remains the key foreign market for grease fittings and oil seals exports from Croatia, comprising 72% of total exports. The second position in the ranking was taken by Germany ($X), with a 19% share of total exports. It was followed by Slovenia, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value to Austria totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+42.8% per year) and Slovenia (+49.0% per year).

Export Prices by Country

In 2021, the average export price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, picking up by 8.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Italy ($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 Slovenia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Automatic Lubricating Pots, Greasing Nipples, Oil Seal Rings And Hand Wheels

Imports into Croatia

In 2021, grease fittings and oil seals imports into Croatia soared to X units, rising by 42% against the previous year. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 55%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, grease fittings and oil seals imports soared to $X in 2021. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 68%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Austria (X units) constituted the largest grease fittings and oil seals supplier to Croatia, accounting for a 40% share of total imports. Moreover, grease fittings and oil seals imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Spain (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.2% per year) and Spain (+117.2% per year).

In value terms, the largest grease fittings and oil seals suppliers to Croatia were Austria ($X), Germany ($X) and Slovenia ($X), together comprising 69% of total imports. These countries were followed by Italy, France, Spain and Poland, which together accounted for a further 21%.

Spain, with a CAGR of +63.2%, saw 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

In 2021, the average import price for non-automatic lubricating pots, greasing nipples, oil seal rings and hand wheels amounted to $X per unit, with a decrease of -10.8% against the previous year. Overall, the import price saw a perceptible shrinkage. The growth pace was the most rapid in 2015 an increase of 45% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for Spain ($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 (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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