Croatia: Pneumatic Elevator Market 2024

Pneumatic Elevator Market Size in Croatia

In 2022, the Croatian pneumatic elevator market was finally on the rise to reach $X after two years of decline. In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Pneumatic elevator consumption peaked in 2022 and is likely to continue growth in years to come.

Pneumatic Elevator Production in Croatia

In value terms, pneumatic elevator production dropped modestly to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by 346%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Pneumatic Elevator Exports

Exports from Croatia

In 2022, overseas shipments of pneumatic elevators and conveyors decreased by -69.2% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 245% against the previous year. The exports peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, pneumatic elevator exports contracted rapidly to $X in 2022. Overall, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2015 with an increase of 231% against the previous year. The exports peaked at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Slovenia (X units), Germany (X units) and Austria (X units) were the main destinations of pneumatic elevator exports from Croatia, with a combined 48% share of total exports. Hungary, Congo, Serbia, Bosnia and Herzegovina, the Czech Republic, Latvia, Madagascar, the Netherlands, France and Sweden lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +61.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pneumatic elevator exported from Croatia were Slovenia ($X), Germany ($X) and Austria ($X), with a combined 65% share of total exports. Congo, Serbia, Latvia, Bosnia and Herzegovina, France, Madagascar, Hungary, Sweden, the Netherlands and the Czech Republic lagged somewhat behind, together accounting for a further 31%.

Latvia, with a CAGR of +115.9%, recorded the highest growth rate of the value of exports, among 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 2022, the average pneumatic elevator export price amounted to $X per unit, picking up by 67% against the previous year. In general, the export price, however, recorded a perceptible decline. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Hungary ($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 Latvia (+73.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pneumatic Elevator Imports

Imports into Croatia

In 2022, approx. less than X units of pneumatic elevators and conveyors were imported into Croatia; leveling off at the previous year. Overall, imports showed a dramatic shrinkage. The smallest decline of -51.5% was in 2015. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic elevator imports surged to $X in 2022. In general, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), Slovenia (X units) and the Netherlands (X units) were the main suppliers of pneumatic elevator imports to Croatia, with a combined 50% share of total imports. Germany, Denmark, Austria, Spain, the UK, Serbia and Sweden lagged somewhat behind, together accounting for a further 50%. Moreover, pneumatic elevator imports in Italy exceeded the figures recorded by the second-largest supplier, Slovenia, twofold.

From 2014 to 2015, the biggest increases were recorded for Austria (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) were the largest pneumatic elevator suppliers to Croatia, together accounting for 72% of total imports. Slovenia, Austria, the UK, Sweden, Denmark, Serbia and Spain lagged somewhat behind, together comprising a further 28%.

Austria, with a CAGR of 0.0%, recorded 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

The average pneumatic elevator import price stood at $X per unit in 2015, declining by -13.9% against the previous year. In general, the import price continues to indicate a abrupt decline. Over the period under review, average import prices attained the peak figure at $X per unit in 2014, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2015, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2014 to 2015, the most notable rate of growth in terms of prices was attained by Germany (+44.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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