Croatia: Escalator Market 2023

Escalator Market Size in Croatia

After three years of decline, the Croatian escalator market increased by 146% to $X in 2021. In general, consumption, however, recorded a pronounced downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Escalator Production in Croatia

In value terms, escalator production totaled $X in 2021 estimated in export price. Overall, production recorded a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 98%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Escalator Exports

Exports from Croatia

In 2021, shipments abroad of escalators and moving walkways decreased by -11.8% to X units for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of 517%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, escalator exports fell dramatically to $X in 2021. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,109%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for escalator exports from Croatia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at +18.0%.

In value terms, Bosnia and Herzegovina ($X) also remains the key foreign market for escalator exports from Croatia.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina totaled +9.7%.

Export Prices by Country

In 2021, the average escalator export price amounted to $X per unit, declining by -36.1% against the previous year. Overall, the export price, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 907%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.

From 2012 to 2021, the rate of growth in terms of prices for Montenegro amounted to +157.0% per year.

Escalator Imports

Imports into Croatia

In 2021, overseas purchases of escalators and moving walkways increased by 34% to X units, rising for the second year in a row after four years of decline. Overall, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 306% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, escalator imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2015 with an increase of 104%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Slovakia (X units) and Bosnia and Herzegovina (X units) were the main suppliers of escalator imports to Croatia, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bosnia and Herzegovina (with a CAGR of +20.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Slovakia ($X) and Bosnia and Herzegovina ($X) were the largest escalator suppliers to Croatia, with a combined 91% share of total imports.

In terms of the main suppliers, Bosnia and Herzegovina, with a CAGR of +53.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average escalator import price stood at $X per unit in 2021, picking up by 11% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 173% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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