Croatia: Winche And Capstan Market 2024

Winche And Capstan Market Size in Croatia

In 2021, the Croatian winche and capstan market decreased by -84.1% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption faced a abrupt contraction. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Winche And Capstan Production in Croatia

In value terms, winche and capstan production shrank to $X in 2021 estimated in export price. Over the period under review, production faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 14%. Winche and capstan production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Winche And Capstan Exports

Exports from Croatia

In 2021, overseas shipments of winches and capstans increased by 255% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, winche and capstan exports dropped markedly to $X in 2021. Overall, exports, however, recorded a deep slump. The growth pace was the most rapid in 2013 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for winche and capstan exports from Croatia, with a 72% share of total exports. Moreover, winche and capstan exports to South Korea exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), more than tenfold. Turkey (X units) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea amounted to +128.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+37.8% per year) and Turkey (+41.5% per year).

In value terms, the largest markets for winche and capstan exported from Croatia were Russia ($X), Norway ($X) and South Korea ($X), together accounting for 71% of total exports. Turkey, the Netherlands, Slovenia, Bosnia and Herzegovina and Egypt lagged somewhat behind, together accounting for a further 13%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +68.2%, 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 winche and capstan export price stood at $X per unit in 2021, dropping by -83.2% against the previous year. Overall, the export price saw a precipitous contraction. The most prominent rate of growth was recorded in 2013 an increase of 285%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (-10.0%), while the prices for the other major destinations experienced a decline.

Winche And Capstan Imports

Imports into Croatia

In 2021, the amount of winches and capstans imported into Croatia contracted to X units, reducing by -11.4% compared with the previous year's figure. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2013 with an increase of 176%. Over the period under review, imports reached the maximum at X units in 2020, and then fell in the following year.

In value terms, winche and capstan imports fell markedly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 115% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

The Czech Republic (X units), Germany (X units) and Poland (X units) were the main suppliers of winche and capstan imports to Croatia, together comprising 49% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +133.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest winche and capstan suppliers to Croatia were Germany ($X), the Czech Republic ($X) and Slovenia ($X), together accounting for 52% of total imports.

The Czech Republic, with a CAGR of +130.0%, 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 winche and capstan import price stood at $X per unit in 2021, which is down by -12.5% against the previous year. Over the period under review, the import price recorded a abrupt slump. The pace of growth was the most pronounced in 2015 an increase of 52%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-4.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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