Hand-operated spanners and wrenches including torque meter wrenches excluding tap wrenches market in Croatia

Earlier Report Observations

The market for hand-operated spanners and wrenches in Croatia saw its volume remain stable between 256 and 265 tonnes from 2018 to 2022, followed by a significant expansion to 351 tonnes in 2023 and 400 tonnes in 2024. In value terms, the market grew from 2.5 million USD to 4.4 million USD over the same period. This growth aligns with the steady expansion of the European hand tools market, which was driven by sustained demand from the automotive and construction industries.

Domestic production and exports declined sharply during the 2018-2024 period. Production fell from 350 tonnes to 69 tonnes, while exports dropped from 395 tonnes to 64 tonnes. Imports rose from 301 tonnes to 395 tonnes, offsetting the reduction in local output. Regulatory developments, including amendments to the Croatian Competition Act and the ongoing application of the Construction Products Act with its certification and marking requirements, influenced market structure and compliance for tools used in construction.

Production hand spanners and wrenches in Croatia

In value, 2017-2020, K $ US

In 2020, Croatia's production of hand-operated spanners and wrenches (including torque meter wrenches but excluding tap wrenches) was valued at 1 270 K $ US, representing a modest 1.0% increase compared to 2019. The highest production value was recorded in 2018 at 1 366 K $ US, which marked a significant 9.5% increase from the previous year. In contrast, 2019 saw the largest decline of 8.0%.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

In kind, 2017-2020, t

Croatia's production volume of hand-operated spanners and wrenches (including torque meter wrenches but excluding tap wrenches) declined for the second consecutive year. In 2020, output reached 335.9 tonnes, showing a slight year-on-year decrease of 1.8%. The peak production volume occurred in 2018 at 350.4 tonnes, which represented a 4.4% increase. The most substantial decline was recorded in 2019 at 2.4%.

Annual dynamics of production in Croatia in kind, 2017-2020, t

Exports hand spanners and wrenches from Croatia

Exports in kind, t

Following two years of growth, Croatia's exports of hand-operated spanners and wrenches (including torque meter wrenches but excluding tap wrenches) declined in 2020. Export volumes reached 363.5 tonnes, down 9.0% from the previous year. Over the period from 2017 to 2020, exports decreased by 2.3%, equivalent to an annualized rate of 0.8%. The highest export volume was recorded in 2019 at 399.4 tonnes, while 2018 saw the largest increase of 6.3%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, t

Between 2017 and 2020, the United States and Germany were the dominant destinations for Croatia's exports of hand-operated spanners and wrenches (including torque meter wrenches but excluding tap wrenches), jointly accounting for 87.0% of total export volumes. The remaining exports were distributed among smaller markets.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Croatia in kind, 2017-2020

Exports in value, K $ US

Croatia's export value of hand-operated spanners and wrenches (including torque meter wrenches but excluding tap wrenches) declined for the second consecutive year. In 2020, exports amounted to 1 771 K $ US, marking a 6.6% year-on-year decrease. Over the 2017-2020 period, export value increased by 5.1%, with a compound annual growth rate of 1.7%. The peak export value was recorded in 2018 at 2 053 K $ US, which represented a substantial 21.8% increase. The largest decline occurred in 2019 at 7.6%.

Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US

From 2017 to 2020, the United States (39.2% of export value), Germany (38.1%), and Serbia (6.1%) together accounted for 83.4% of Croatia's total export value for hand-operated spanners and wrenches (including torque meter wrenches but excluding tap wrenches), remaining the primary destinations.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Croatia in value, 2017-2020

Imports hand spanners and wrenches to Croatia

Imports in kind, t

After two years of growth, Croatia's import volume of hand-operated spanners and wrenches (including torque meter wrenches but excluding tap wrenches) declined in 2020. Imports totaled 322.4 tonnes, down 13.0% from 2019. The highest import volume was recorded in 2019 at 322.4 tonnes, which also saw the largest increase of 7.2%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, t

Between 2017 and 2020, three principal markets—Germany, Poland, and China—collectively accounted for 66.3% of Croatia's total import volume for hand-operated spanners and wrenches (including torque meter wrenches but excluding tap wrenches).

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Croatia in kind, 2017-2020

Imports in value, K $ US

Following two years of growth, Croatia's import value of hand-operated spanners and wrenches (including torque meter wrenches but excluding tap wrenches) declined in 2020. Imports amounted to 2 892 K $ US, representing a 12.7% decrease compared to the previous year. Over the 2017-2020 period, import value decreased by 2.8%, with a compound annual growth rate of 0.9%. The peak import value was recorded in 2019 at 3 312 K $ US, while 2018 saw the largest increase of 8.6%.

Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US

From 2017 to 2020, three principal markets—Germany, Slovenia, and Austria—together accounted for 64.8% of Croatia's total import value for hand-operated spanners and wrenches (including torque meter wrenches but excluding tap wrenches).

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Croatia in value, 2017-2020