Croatia: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2022

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Croatia

The Croatian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles surged to $X in 2021, growing 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). In general, consumption continues to indicate strong growth. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the near future.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from Croatia

Exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Croatia soared to X units in 2021, picking up by X% on 2020. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles soared to $X in 2021. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X units), Slovenia (X units) and Serbia (X units) were the main destinations of exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Croatia, together comprising X% of total exports. North Macedonia, Poland, Italy and Germany lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in North Macedonia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) remains the key foreign market for agricultural, construction and industrial machinery tyre exports from Croatia, comprising X% of total exports. The second position in the ranking was occupied by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia totaled +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

The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2021, rising by X% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Slovenia ($X per unit), while the average price for exports to Italy ($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 Germany (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into Croatia

Imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles into Croatia skyrocketed to X units in 2021, jumping by X% on 2020 figures. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles soared to $X in 2021. In general, imports continue to indicate resilient growth. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest agricultural, construction and industrial machinery tyre supplier to Croatia, with a X% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from China exceeded the figures recorded by the second-largest supplier, Slovenia (X units), fivefold. Slovakia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+X% per year) and Slovakia (+X% per year).

In value terms, the largest agricultural, construction and industrial machinery tyre suppliers to Croatia were India ($X), Slovenia ($X) and Slovakia ($X), with a combined X% share of total imports. These countries were followed by Turkey, China, the Czech Republic, Indonesia and Vietnam, which together accounted for a further X, with a CAGR of +X%, recorded 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 2021, the average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, shrinking by -X% against the previous year. Overall, the import price faced a abrupt decrease. The growth pace was the most rapid 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 unit. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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