Croatia: Market for Steering Wheels, Steering Columns And Steering Boxes 2024

Market Size for Steering Wheels, Steering Columns And Steering Boxes in Croatia

The Croatian steering wheels and columns market expanded modestly to $X in 2022, surging by 3.9% against the previous year. Overall, consumption, however, saw a pronounced shrinkage. Steering wheels and columns consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Steering Wheels, Steering Columns And Steering Boxes in Croatia

In value terms, steering wheels and columns production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 7.5% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Steering Wheels, Steering Columns And Steering Boxes

Exports from Croatia

In 2022, shipments abroad of steering wheels, steering columns and steering boxes increased by 18% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 28%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, steering wheels and columns exports surged to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.3% against 2020 indices. The growth pace was the most rapid in 2018 when exports increased by 42%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for steering wheels and columns exports from Croatia, with a approx. 98% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +5.6%.

In value terms, Slovenia ($X) also remains the key foreign market for steering wheels, steering columns and steering boxes exports from Croatia.

From 2012 to 2022, the average annual growth rate of value to Slovenia amounted to +5.1%.

Export Prices by Country

In 2022, the average steering wheels and columns export price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 12%. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Slovenia amounted to -0.5% per year.

Imports of Steering Wheels, Steering Columns And Steering Boxes

Imports into Croatia

In 2022, overseas purchases of steering wheels, steering columns and steering boxes increased by 5.1% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by 62%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, steering wheels and columns imports fell to $X in 2022. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 26%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of steering wheels and columns imports to Croatia, together accounting for 67% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +42.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of steering wheels, steering columns and steering boxes to Croatia, comprising 36% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+35.8% per year) and Italy (+9.7% per year).

Import Prices by Country

In 2022, the average steering wheels and columns import price amounted to $X per ton, reducing by -6.3% against the previous year. In general, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 29% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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