Croatia: Bearing Market 2024

Bearing Market Size in Croatia

The Croatian bearing market declined to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Bearing consumption peaked at $X in 2021, and then contracted in the following year.

Bearing Exports

Exports from Croatia

After six years of growth, overseas shipments of ball or roller bearings decreased by X% to X tons in 2022. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced rapidly in the following year.

In value terms, bearing exports contracted markedly to $X in 2022. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Austria (X tons) was the main destination for bearing exports from Croatia, accounting for a X% share of total exports. Moreover, bearing exports to Austria exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by Slovenia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Austria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Slovenia (X% per year).

In value terms, Austria ($X) remains the key foreign market for ball or roller bearings exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Slovenia (X% per year).

Export Prices by Country

In 2022, the average bearing export price amounted to $X per ton, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Bearing Imports

Imports into Croatia

In 2022, after two years of growth, there was significant decline in supplies from abroad of ball or roller bearings, when their volume decreased by X% to X tons. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then shrank notably in the following year.

In value terms, bearing imports declined to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of bearing to Croatia, accounting for a X% share of total imports. Moreover, bearing imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), fourfold. The third position in this ranking was held by Slovenia (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Slovenia (X% per year).

In value terms, the largest bearing suppliers to Croatia were Germany ($X), Sweden ($X) and Slovenia ($X), with a combined X% share of total imports. South Korea, France, Poland, Italy and China lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of 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 2022, the average bearing import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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