Croatia: Market for In-Hand Motor Grinders, Sanders And Planers 2024

Market Size for In-Hand Motor Grinders, Sanders And Planers in Croatia

For the fourth year in a row, the Croatian market for in-hand motor grinders, sanders and planers recorded growth in sales value, which increased by 27% to $X in 2021. Over the period under review, consumption continues to indicate a remarkable increase. Consumption of peaked in 2021 and is likely to continue growth in years to come.

Exports of In-Hand Motor Grinders, Sanders And Planers

Exports from Croatia

In 2021, after two years of decline, there was significant growth in overseas shipments of in-hand motor grinders, sanders and planers, when their volume increased by 22% to X units. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 168% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, exports of in-hand motor grinders, sanders and planers soared to $X in 2021. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 92% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Slovenia (X units), Bosnia and Herzegovina (X units) and Germany (X units) were the main destinations of exports of in-hand motor grinders, sanders and planers from Croatia, together comprising 86% of total exports. Montenegro, Italy and Serbia lagged somewhat behind, together comprising a further 8.4%.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +120.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Bosnia and Herzegovina ($X) and Germany ($X) constituted the largest markets for electromechanical tools for working in the hand, with self-contained electric motor exported from Croatia worldwide, together comprising 83% of total exports. Italy, Montenegro and Serbia lagged somewhat behind, together accounting for a further 9.9%.

Among the main countries of destination, Italy, with a CAGR of +105.8%, saw 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 export price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with an increase of 5.9% against the previous year. In general, the export price, however, continues to indicate a perceptible decline. The growth pace was the most rapid in 2014 when the average export price increased by 32% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to Montenegro ($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 Montenegro (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of In-Hand Motor Grinders, Sanders And Planers

Imports into Croatia

For the fourth year in a row, Croatia recorded growth in overseas purchases of in-hand motor grinders, sanders and planers, which increased by 20% to X units in 2021. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of 79%. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of in-hand motor grinders, sanders and planers soared to $X in 2021. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Slovenia (X units) were the main suppliers of imports of in-hand motor grinders, sanders and planers to Croatia, with a combined 77% share of total imports. Hungary, Poland, Austria and Italy lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +189.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and China ($X) were the largest electromechanical tools for working in the hand, with self-contained electric motor suppliers to Croatia, together accounting for 63% of total imports. Slovenia, Italy, Poland and Austria lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Poland, with a CAGR of +185.6%, recorded the highest growth rate of 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

The average import price for in-hand motor grinders, sanders and planers stood at $X per unit in 2021, with an increase of 9% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 71%. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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