Croatia: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Croatia

In 2022, after four years of growth, there was significant decline in the Croatian non-electric pulley tackle market, when its value decreased by -14.6% to $X. Over the period under review, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then dropped in the following year.

Non-Electric Pulley Tackle Production in Croatia

In value terms, non-electric pulley tackle production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 4.1% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Electric Pulley Tackle Exports

Exports from Croatia

In 2022, the amount of pulley tackle and hoists, non-powered by electric motor exported from Croatia reduced to X units, with a decrease of -5.5% against the year before. In general, exports, however, saw a mild increase. The most prominent rate of growth was recorded in 2015 when exports increased by 313%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric pulley tackle exports dropped markedly to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 1,247%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The UK (X units), Serbia (X units) and Slovenia (X units) were the main destinations of non-electric pulley tackle exports from Croatia, with a combined 74% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +1,736.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric pulley tackle exported from Croatia were Bosnia and Herzegovina ($X), the UK ($X) and Slovenia ($X), with a combined 55% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +1,790.8%, recorded 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 non-electric pulley tackle export price stood at $X per unit in 2022, with a decrease of -33.9% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by 226%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to the UK ($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 France (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports into Croatia

For the third consecutive year, Croatia recorded growth in purchases abroad of pulley tackle and hoists, non-powered by electric motor, which increased by 4.2% to X units in 2022. Over the period under review, imports saw strong growth. The growth pace was the most rapid in 2014 when imports increased by 96% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, non-electric pulley tackle imports reduced dramatically to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 97%. Imports peaked at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of non-electric pulley tackle imports to Croatia, together comprising 91% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +35.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) appeared to be the largest non-electric pulley tackle suppliers to Croatia, together comprising 68% of total imports.

Among the main suppliers, Germany, with a CAGR of +15.8%, saw the highest growth rate of 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 non-electric pulley tackle import price stood at $X per unit in 2022, falling by -41.6% against the previous year. Overall, the import price saw a abrupt downturn. The pace of growth was the most pronounced in 2015 an increase of 37% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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