Croatia: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in Croatia

The Croatian personal weighing machine market shrank significantly to $X in 2022, waning by -15.9% 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). Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +69.1% against 2016 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then declined rapidly in the following year.

Personal Weighing Machine Exports

Exports from Croatia

Personal weighing machine exports from Croatia soared to X units in 2022, jumping by 44% against the previous year. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 167%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, personal weighing machine exports soared to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 175% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units), Bosnia and Herzegovina (X units) and Slovakia (X units) were the main destinations of personal weighing machine exports from Croatia, with a combined 52% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +216.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Germany ($X) and Slovenia ($X) were the largest markets for personal weighing machine exported from Croatia worldwide, with a combined 50% share of total exports. Slovakia, Montenegro, the Czech Republic, Italy, Serbia, Romania and Austria lagged somewhat behind, together accounting for a further 42%.

In terms of the main countries of destination, Slovakia, with a CAGR of +164.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average personal weighing machine export price stood at $X per unit in 2022, with a decrease of -5.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 47% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Romania ($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 Montenegro (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Weighing Machine Imports

Imports into Croatia

In 2022, approx. X units of personal weighing machines were imported into Croatia; waning by -10% compared with 2021. In general, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +71.3% against 2016 indices. The pace of growth was the most pronounced in 2014 when imports increased by 43% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then dropped in the following year.

In value terms, personal weighing machine imports shrank to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% 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 +75.0% against 2016 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 42%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted in the following year.

Imports by Country

Germany (X units), China (X units) and Slovenia (X units) were the main suppliers of personal weighing machine imports to Croatia, together accounting for 77% of total imports. Poland, Italy, France, Slovakia, Austria, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +58.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Slovenia ($X) were the largest personal weighing machine suppliers to Croatia, together accounting for 67% of total imports. Italy, the Netherlands, Slovakia, Poland, France, Austria and the Czech Republic lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Slovakia, with a CAGR of +62.3%, 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

The average personal weighing machine import price stood at $X per unit in 2022, with a decrease of -4.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 30%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for China ($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 Netherlands (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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