Croatia: Market for Pneumatic Or Hydraulic Hand Tools 2024

Market Size for Pneumatic Or Hydraulic Hand Tools in Croatia

The Croatian market for pneumatic or hydraulic hand tools soared to $X in 2021, jumping by 23% against the previous year. Over the period under review, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +75.3% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Pneumatic Or Hydraulic Hand Tools in Croatia

In value terms, pneumatic or hydraulic hand tool production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, faced a sharp reduction. The pace of growth was the most pronounced in 2013 with an increase of 18%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Pneumatic Or Hydraulic Hand Tools

Exports from Croatia

In 2021, overseas shipments of pneumatic or hydraulic hand tools increased by 27% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports continue to indicate a modest expansion. The pace of growth was the most pronounced in 2014 when exports increased by 125% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, pneumatic or hydraulic hand tool exports skyrocketed to $X in 2021. Overall, exports saw a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of 64% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons) was the main destination for pneumatic or hydraulic hand tool exports from Croatia, with a 60% share of total exports. Moreover, pneumatic or hydraulic hand tool exports to Poland exceeded the volume sent to the second major destination, Slovenia (X tons), threefold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Poland amounted to +143.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+17.1% per year) and Bosnia and Herzegovina (+7.8% per year).

In value terms, the largest markets for pneumatic or hydraulic hand tool exported from Croatia were Poland ($X), Slovenia ($X) and Bosnia and Herzegovina ($X), together accounting for 80% of total exports.

Poland, with a CAGR of +118.7%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average export price for pneumatic or hydraulic hand tools stood at $X per ton in 2021, which is down by -7.9% against the previous year. Overall, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pneumatic or hydraulic hand tool export price decreased by -23.1% against 2017 indices. The pace of growth appeared the most rapid in 2016 an increase of 49% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 Germany (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Or Hydraulic Hand Tools

Imports into Croatia

In 2021, the amount of pneumatic or hydraulic hand tools imported into Croatia surged to X tons, picking up by 29% compared with the year before. In general, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 37% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, pneumatic or hydraulic hand tool imports skyrocketed to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.2% against 2014 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 21% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Germany (X tons) and Slovenia (X tons) were the main suppliers of pneumatic or hydraulic hand tool imports to Croatia, together comprising 76% of total imports. These countries were followed by Sweden, Poland, Italy, Hungary, Austria and the United States, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +90.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pneumatic or hydraulic hand tool suppliers to Croatia were Germany ($X), China ($X) and Sweden ($X), with a combined 69% share of total imports. These countries were followed by Slovenia, Austria, Italy, the United States, Poland and Hungary, which together accounted for a further 23%.

In terms of the main suppliers, Poland, with a CAGR of +89.1%, 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

In 2021, the average import price for pneumatic or hydraulic hand tools amounted to $X per ton, falling by -6.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 39% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Hungary ($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 (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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