Croatia: Shaft Coupling Market 2024

Shaft Coupling Market Size in Croatia

The Croatian shaft coupling market shrank modestly to $X in 2022, flattening at the previous year. In general, consumption recorded a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Shaft Coupling Production in Croatia

In value terms, shaft coupling production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible shrinkage. Shaft coupling production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Shaft Coupling Exports

Exports from Croatia

In 2022, shipments abroad of clutches and shaft couplings increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, shaft coupling exports expanded notably to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for shaft coupling exports from Croatia, with a X% share of total exports. It was followed by Bosnia and Herzegovina (X tons), with a X% share of total exports. The third position in this ranking was taken by Serbia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Serbia (X% per year).

In value terms, Germany ($X) remains the key foreign market for clutches and shaft couplings exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

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

Export Prices by Country

In 2022, the average shaft coupling export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Germany ($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 Italy (X%), while the prices for the other major destinations experienced a decline.

Shaft Coupling Imports

Imports into Croatia

In 2022, after three years of decline, there was growth in purchases abroad of clutches and shaft couplings, when their volume increased by X% to X tons. The total import volume 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. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, shaft coupling imports rose sharply to $X in 2022. Overall, total imports indicated a modest increase 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 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of shaft coupling to Croatia, accounting for a X% share of total imports. Moreover, shaft coupling imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Denmark (X tons), with a X% share.

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

In value terms, Germany ($X), Italy ($X) and Austria ($X) appeared to be the largest shaft coupling suppliers to Croatia, with a combined X% share of total imports. Slovenia, Sweden, Poland, France, Denmark, Belgium, the UK, China, Switzerland and Portugal lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average shaft coupling import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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