Croatia: Market for Self-Propelled Fork-Lift Trucks with Non-Electric Motor 2024

Market Size for Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Croatia

The Croatian self-propelled non-electric fork-lift truck market soared to $X in 2022, with an increase of 37% against the previous year. In general, consumption showed a noticeable expansion. Self-propelled non-electric fork-lift truck consumption peaked in 2022 and is likely to continue growth in the immediate term.

Production of Self-Propelled Fork-Lift Trucks with Non-Electric Motor in Croatia

In value terms, self-propelled non-electric fork-lift truck production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw modest growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 54% against the previous year. Self-propelled non-electric fork-lift truck production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Exports from Croatia

In 2022, after two years of growth, there was decline in shipments abroad of self-propelled fork-lift trucks with non-electric motor, when their volume decreased by -0.7% to X units. In general, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2021 with an increase of 51% against the previous year. As a result, the exports reached the peak of X units, leveling off in the following year.

In value terms, self-propelled non-electric fork-lift truck exports surged to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 84%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Bosnia and Herzegovina (X units), Hungary (X units) and Germany (X units) were the main destinations of self-propelled non-electric fork-lift truck exports from Croatia, together comprising 64% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +75.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for self-propelled fork-lift trucks with non-electric motor exports from Croatia, comprising 35% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 12% share of total exports. It was followed by Bosnia and Herzegovina, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+53.4% per year) and Bosnia and Herzegovina (+15.5% per year).

Export Prices by Country

In 2022, the average self-propelled non-electric fork-lift truck export price amounted to $X per unit, increasing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 when the average export price increased by 22%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 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 Bulgaria ($X per unit), while the average price for exports to Hungary ($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 Bulgaria (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Self-Propelled Fork-Lift Trucks with Non-Electric Motor

Imports into Croatia

Self-propelled non-electric fork-lift truck imports into Croatia contracted to X units in 2022, waning by -8.9% against the previous year's figure. In general, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.5% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 31%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled non-electric fork-lift truck imports rose sharply to $X in 2022. Overall, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 33%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), the Netherlands (X units) and China (X units) were the main suppliers of self-propelled non-electric fork-lift truck imports to Croatia, with a combined 53% share of total imports. France, Bulgaria, Poland, Italy, Belgium, Slovenia, Austria, Switzerland, Hungary and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +52.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the largest self-propelled non-electric fork-lift truck suppliers to Croatia, with a combined 69% share of total imports. Italy, China, Poland, Slovenia, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Hungary and Switzerland lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Poland, with a CAGR of +158.5%, 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 2022, the average self-propelled non-electric fork-lift truck import price amounted to $X per unit, increasing by 23% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, self-propelled non-electric fork-lift truck import price increased by +33.1% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of 37%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 France ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+73.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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