Croatia: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Croatia

The Croatian tapered roller bearing market surged to $X in 2021, picking up by 27% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.4% against 2019 indices. Tapered roller bearing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Tapered Roller Bearing Production in Croatia

In value terms, tapered roller bearing production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -14.1% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 27%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Tapered Roller Bearing Exports

Exports from Croatia

In 2021, exports of tapered roller bearings from Croatia soared to X tons, picking up by 25% against 2020 figures. In general, exports recorded a significant increase. The growth pace was the most rapid in 2014 when exports increased by 679%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, tapered roller bearing exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 447%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Austria (X tons) was the main destination for tapered roller bearing exports from Croatia, accounting for a 85% share of total exports. Moreover, tapered roller bearing exports to Austria exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), more than tenfold. The third position in this ranking was held by Slovenia (X tons), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria totaled +154.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+24.8% per year) and Slovenia (+103.8% per year).

In value terms, Austria ($X) remains the key foreign market for tapered roller bearings exports from Croatia, comprising 81% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 5.5% share of total exports. It was followed by Bosnia and Herzegovina, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria stood at +147.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+106.8% per year) and Bosnia and Herzegovina (+24.0% per year).

Export Prices by Country

In 2021, the average tapered roller bearing export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 121%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+1.5%), while the prices for the other major destinations experienced a decline.

Tapered Roller Bearing Imports

Imports into Croatia

In 2021, the amount of tapered roller bearings imported into Croatia skyrocketed to X tons, growing by 87% against the previous year's figure. In general, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing imports surged to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.3% against 2017 indices. The growth pace was the most rapid in 2014 when imports increased by 27% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of tapered roller bearing to Croatia, with a 44% share of total imports. Moreover, tapered roller bearing imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), threefold. The third position in this ranking was taken by Sweden (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+69.5% per year) and Sweden (+63.3% per year).

In value terms, Germany ($X), France ($X) and Slovenia ($X) were the largest tapered roller bearing suppliers to Croatia, together comprising 66% of total imports.

Slovenia, with a CAGR of +55.1%, recorded the highest growth rate of the value of imports, in terms of 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 tapered roller bearing import price stood at $X per ton in 2021, waning by -31.9% against the previous year. In general, the import price showed a deep contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 5.1%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :