Earlier Report Observations
The Croatian market for padlocks, locks and keys began the period at a value of 17.0 million USD in 2018 but experienced a downturn over the next two years, contracting to 15.6 million USD by 2020.
A decisive reversal started in 2021, with market value rising to 18.4 million USD. This growth phase continued steadily, accelerating in 2023 and reaching 22.5 million USD in 2024, resulting in a 44% expansion from the 2020 low.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2018-2024
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Croatia
- 5.1.1. In value, 2018-2024, K $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In value, 2018-2024, K $ US
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5.1. Production in Croatia
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, t
- 6.1.2.1. Annual dynamics of product's imports to Croatia in kind, 2018-2024, t
- 6.1.2.2. Dynamics of product's imports in kind to Croatia by countries, 2018-2024, t
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, K $ US
- 6.1.3.1. Annual dynamics of product's imports to Croatia in value, 2018-2024, K $ US
- 6.1.3.2. Dynamics of product's imports in value to Croatia by countries, 2018-2024, K $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/kg
- 6.1.4.1. Annual dynamics of average price of product's imports to Croatia, 2018-2024, $ US/kg
- 6.1.4.2. Dynamics of average price of product's imports to Croatia by countries, 2018-2024, $ US/kg
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, t
- 6.2.2.1. Annual dynamics of product's imports to Croatia in kind, 2018-2024, t
- 6.2.2.2. Dynamics of product's imports in kind to Croatia by countries, 2018-2024, t
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, K $ US
- 6.2.3.1. Annual dynamics of product's imports to Croatia in value, 2018-2024, K $ US
- 6.2.3.2. Dynamics of product's imports in value to Croatia by countries, 2018-2024, K $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/kg
- 6.2.4.1. Annual dynamics of average price of product's imports to Croatia, 2018-2024, $ US/kg
- 6.2.4.2. Dynamics of average price of product's imports to Croatia by countries, 2018-2024, $ US/kg
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6.1. Imports (Direct Data)
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7. Exports
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7.1. Exports (Direct Data)
- 7.1.1. Exports - Total information
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7.1.2. Exports in kind, t
- 7.1.2.1. Annual dynamics of product's exports from Croatia in kind, 2018-2024, t
- 7.1.2.2. Dynamics of product's exports in kind from Croatia by countries, 2018-2024, t
- 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.1.3. Exports in value, K $ US
- 7.1.3.1. Annual dynamics of product's exports from Croatia in value, 2018-2024, K $ US
- 7.1.3.2. Dynamics of product's exports in value from Croatia by countries, 2018-2024, K $ US
- 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
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7.1.4. Average price of product's exports, $ US/kg
- 7.1.4.1. Annual dynamics of average price of product's exports from Croatia, 2018-2024, $ US/kg
- 7.1.4.2. Dynamics of average price of product's exports from Croatia by countries, 2018-2024, $ US/kg
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7.2. Exports (Mirror Data)
- 7.2.1. Exports - Total information
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7.2.2. Exports in kind, t
- 7.2.2.1. Annual dynamics of product's exports from Croatia in kind, 2018-2024, t
- 7.2.2.2. Dynamics of product's exports in kind from Croatia by countries, 2018-2024, t
- 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
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7.2.3. Exports in value, K $ US
- 7.2.3.1. Annual dynamics of product's exports from Croatia in value, 2018-2024, K $ US
- 7.2.3.2. Dynamics of product's exports in value from Croatia by countries, 2018-2024, K $ US
- 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
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7.2.4. Average price of product's exports, $ US/kg
- 7.2.4.1. Annual dynamics of average price of product's exports from Croatia, 2018-2024, $ US/kg
- 7.2.4.2. Dynamics of average price of product's exports from Croatia by countries, 2018-2024, $ US/kg
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7.1. Exports (Direct Data)
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8. Trade balance
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8.1. Trade balance (Direct Data)
- 8.1.1. In kind, t
- 8.1.2. In value, K $ US
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8.2. Trade balance (Mirror Data)
- 8.2.1. In kind, t
- 8.2.2. In value, K $ US
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8.1. Trade balance (Direct Data)
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9. Top buying and selling countries, 2018-2024
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9.1. Direct Data
- 9.1.1. Import in Value by Countries-buyers
- 9.1.2. Export in Value by Countries-suppliers
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9.2. Mirror Data
- 9.2.1. Import in Value by Countries-buyers
- 9.2.2. Export in Value by Countries-suppliers
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9.1. Direct Data
Production padlocks, locks and keys in Croatia
In value, 2017-2020, K $ US
Croatia's production of padlocks, locks, and keys has grown for the third year in a row. In 2020, output reached 351.6 thousand US dollars, marking a slight increase of 1.9% compared to 2019. From 2017 to 2020, production surged by 188.3%, with an average annual growth rate of 42.3%.
Annual dynamics of production in Croatia in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 182.0% | 0.3% | 1.9% | 42.3% |
Exports padlocks, locks and keys from Croatia
Exports in kind, t
Following two years of growth, Croatia's exports of padlocks, locks, and keys declined. In 2020, exports totaled 149 tonnes, showing a significant drop of 14.1% from 2019. Over the 2017-2020 period, exports rose by 16.6%, with a compound annual growth rate of 5.3%. The peak was in 2019 at 174 tonnes, while the largest increase occurred in 2018 at 24.6%.
Annual dynamics of product's exports from Croatia in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 24.6% | 9.0% | (14.1%) | 5.3% |
From 2017 to 2020, the main destinations for Croatia's padlocks, locks, and keys exports were Bosnia and Herzegovina, accounting for 40.2% of exports in kind, Serbia at 25.5%, and Slovenia at 15.4%. Together, these three countries made up 81.0% of total exports in kind.
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
After two years of improvement, Croatia's exports of padlocks, locks, and keys in value terms fell. In 2020, exports amounted to 1 978 thousand US dollars, down 16.6% from the previous year. Between 2017 and 2020, exports decreased by 9.7%, with an average annual decline of 3.3%. The highest value was recorded in 2019 at 2 373 thousand US dollars, and the largest increase was in 2018 at 7.1%.
Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 7.1% | 1.1% | (16.6%) | (3.3%) |
Between 2017 and 2020, the primary buyers of Croatia's padlocks, locks, and keys in value terms were Bosnia and Herzegovina, with 34.8% of exports, Serbia at 25.3%, and Slovenia at 10.9%. Collectively, these countries represented 71.1% of total exports in value.
Structure of product's exports in value by countries, 2017-2020
World map of product's exports from Croatia in value, 2017-2020
Imports padlocks, locks and keys to Croatia
Imports in kind, t
After a two-year rise, Croatia's imports of padlocks, locks, and keys in volume terms dropped. In 2020, imports were 977 tonnes, which is 23.3% lower than in 2019. From 2017 to 2020, imports fell by 3.1%, translating to an annualized decrease of 1.0%. The maximum volume was in 2019 at 1 273 tonnes, and the largest increase occurred in 2019 at 17.9%.
Annual dynamics of product's imports to Croatia in kind, 2017-2020, t
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 7.1% | 17.9% | (23.3%) | (1.0%) |
During 2017-2020, Italy was the leading source of Croatia's padlocks, locks, and keys imports in kind, with 27.9% of the total, followed by Germany at 16.2% and Slovenia at 15.3%. These three countries together accounted for 59.4% of all imports in kind.
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
Croatia's imports of padlocks, locks, and keys in value terms declined for the second consecutive year. In 2020, imports stood at 17 225 thousand US dollars, reflecting a 7.0% year-on-year contraction. Between 2017 and 2020, imports increased by 2.5%, with an average annual growth of 0.8%. The peak value was in 2018 at 19 050 thousand US dollars, and the largest increase was also in 2018 at 13.3%.
Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 13.3% | (2.8%) | (7.0%) | 0.8% |
From 2017 to 2020, Germany led Croatia's imports of padlocks, locks, and keys in value terms, contributing 22.9%, followed by Italy at 20.9% and Slovenia at 19.3%. Together, these countries made up 63.2% of total imports in value.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to Croatia in value, 2017-2020
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