Croatia: Market for Toothed wheels, chain sprockets and other transmission elements 2025

Market Size for Toothed wheels, chain sprockets and other transmission elements in Croatia

The Croatian market for toothed wheels, chain sprockets and other transmission elements reduced notably to $X in 2021, dropping by -27.8% against the previous year. Overall, consumption showed a deep setback. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Toothed wheels, chain sprockets and other transmission elements in Croatia

In value terms, production of toothed wheels, chain sprockets and other transmission elements dropped to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 204%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Croatia

In 2021, after two years of decline, there was significant growth in shipments abroad of toothed wheels, chain sprockets and other transmission elements, when their volume increased by 7.3% to X tons. In general, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by 111% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 94%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Slovenia (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Croatia, accounting for a 69% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to Slovenia exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Switzerland (X tons) ranked third in terms of total exports with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia stood at +72.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+39.8% per year) and Switzerland (-4.9% per year).

In value terms, Slovenia ($X) remains the key foreign market for toothed wheels, chain sprockets and other transmission elements exports from Croatia, comprising 53% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by Switzerland, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia totaled +54.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.1% per year) and Switzerland (+5.4% per year).

Export Prices by Country

The average export price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, increasing by 7.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 29%. 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Slovenia ($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 Italy (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Croatia

Imports of toothed wheels, chain sprockets and other transmission elements into Croatia rose rapidly to X tons in 2021, increasing by 14% against the previous year's figure. Overall, imports recorded a strong increase. The pace of growth was the most pronounced in 2018 when imports increased by 246% against the previous year. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements skyrocketed to $X in 2021. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2016 when imports increased by 72%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Slovenia (X tons) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to Croatia, accounting for a 84% share of total imports. Moreover, imports of toothed wheels, chain sprockets and other transmission elements from Slovenia exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Italy (X tons) ranked third in terms of total imports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovenia amounted to +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.4% per year) and Italy (-5.0% per year).

In value terms, Slovenia ($X), Germany ($X) and Italy ($X) constituted the largest toothed wheels, chain sprockets and other transmission elements suppliers to Croatia, with a combined 74% share of total imports.

Slovenia, with a CAGR of +31.2%, saw 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

In 2021, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, picking up by 3.6% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The growth pace was the most rapid in 2016 an increase of 46%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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 ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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