Croatia: Electric Pulley Blocks and Electric Hoists Market Analysis 2022

 In 2021, the Croatian market for pulley tackle and hoists powered by an electric motor increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In value terms, production of pulley tackle and hoists powered by an electric motor surged to $X in 2021 estimated in export price. In general, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production of growth failed to regain momentum.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

In 2021, overseas shipments of electric pulleys and winches will increase by X% to X units, the second consecutive year of growth after two years of decline. During the period under review, exports recorded considerable growth. The rate of growth was most pronounced in 2017, with an X% increase over the previous year. Exports peaked in 2021 and may continue to grow in the short term.

Exports of electric pulleys and cranes soar to $X by value in 2021. But overall, exports face a sudden contraction. The fastest growth was recorded in 2017, with exports increasing by X%. Exports peaked at $X in 2012; however, from 2013 to 2021, exports remained low.

The Czech Republic (unit X), Malta (unit X) and Bosnia and Herzegovina (unit X) were the main export destinations for Croatian electric motor driven sheave blocks and cranes, accounting for X% of total exports.

From 2012 to 2021, the largest increase was in Bosnia and Herzegovina (+X% CAGR), while the other leaders saw more modest growth in shipments.

In terms of value, Serbia ($X) remains the main foreign market for electric motor-driven sheave blocks and cranes exported by Croatia, accounting for X% of total exports. In second place is Bosnia and Herzegovina ($X) with X% of total exports. It is followed by Slovenia with an X% share.

From 2012 to 2021, the average annual growth rate of value to Serbia will total +X%. Exports to other major destinations recorded the following average annual export growth rates: Bosnia and Herzegovina (+X% per annum) and Slovenia (+X% per annum).

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

In 2021, overseas purchases of electric pulleys and winches will increase by X% to X units, the second consecutive year of growth after two years of decline. Overall, imports have grown significantly. Therefore, imports have peaked and may continue to grow in the short term.

Imports of electric motor-driven sheave blocks and hoists soar to $X by value in 2021. During the period under review, imports recorded a marked increase. The growth rate was most pronounced in 2016, with an X% increase over the previous year. During the period under review, imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In 2021, Turkey (X units) is the largest supplier of electric tackles and electric hoists in Croatia, accounting for X% of total imports. In addition, electric-motor-driven sheave blocks and cranes imported from Turkey were six times higher than the number recorded by the second largest supplier, China (X units). Poland ranks third (X units) with an X% share.

The average annual growth rate of Turkish exports from 2012 to 2021 totals +X%. The average annual growth rates of imports from the remaining suppliers are as follows: China (+X% per annum) and Poland (+X% per annum).

Germany ($X), Italy ($X) and China ($X) are Croatia’s largest supplier of electric motor-powered sheave blocks and cranes by value, accounting for X% of total imports. Turkey, Poland and the UK are a little behind, with another X major supplier Poland, with a CAGR of +X%, having the highest import value growth rate during the period under review, while other leaders experienced more modest growth rates in procurement.

Statistics of various crane suppliers in Croatia

In value terms, Germany, Italy and China appeared to be the largest pulley tackle and hoists powered by an electric motor suppliers to Croatia, together comprising 76% of total imports. These countries were followed by Turkey, Poland and the UK, which together accounted for a further 10%.

In value terms, Serbia remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from Croatia, comprising 52% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina, with a 25% share of total exports. It was followed by Slovenia, with a 12% share.

In 2021, the average export price for pulley tackle and hoists powered by an electric motor amounted to $284 per unit, with a decrease of -51.7% against the previous year.

In 2021, the average import price for pulley tackle and hoists powered by an electric motor amounted to $122 per unit, with a decrease of -72.7% against the previous year.

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Croatia: Electric Pulley Blocks and Electric Hoists Market Analysis 2022