Croatia: Agricultural Appliance Market 2024

Agricultural Appliance Market Size in Croatia

The Croatian agricultural appliance market shrank markedly to $X in 2021, reducing by -43.1% against the previous year. In general, consumption, however, posted moderate growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Agricultural Appliance Production in Croatia

In value terms, agricultural appliance production expanded slightly to $X in 2021 estimated in export price. Overall, production recorded a deep setback. Agricultural appliance production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Agricultural Appliance Exports

Exports from Croatia

In 2021, overseas shipments of agricultural appliances increased by 1,712% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports showed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, agricultural appliance exports skyrocketed to $X in 2021. Overall, exports recorded mild growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkmenistan (X units) was the main destination for agricultural appliance exports from Croatia, accounting for a 90% share of total exports. Moreover, agricultural appliance exports to Turkmenistan exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), more than tenfold. France (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Turkmenistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-12.5% per year) and France (+26.4% per year).

In value terms, Turkmenistan ($X) emerged as the key foreign market for agricultural appliances exports from Croatia, comprising 77% of total exports. The second position in the ranking was taken by France ($X), with a 7.3% share of total exports. It was followed by Bosnia and Herzegovina, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Turkmenistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+34.2% per year) and Bosnia and Herzegovina (-16.5% per year).

Export Prices by Country

The average agricultural appliance export price stood at $X per unit in 2021, waning by -46% against the previous year. Over the period under review, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 an increase of 121% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Serbia ($X per unit), while the average price for exports to Turkmenistan ($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 France (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Appliance Imports

Imports into Croatia

In 2021, agricultural appliance imports into Croatia fell dramatically to X units, with a decrease of -22.4% compared with the previous year. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 348% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, agricultural appliance imports contracted remarkably to $X in 2021. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 with an increase of 74%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest supplier of agricultural appliance to Croatia, accounting for a 58% share of total imports. Moreover, agricultural appliance imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Greece (X units), sixfold. The third position in this ranking was taken by Italy (X units), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at -18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+12.2% per year) and Italy (+2.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of agricultural appliances to Croatia, comprising 36% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.3% per year) and France (+9.1% per year).

Import Prices by Country

The average agricultural appliance import price stood at $X per unit in 2021, waning by -3.8% against the previous year. Overall, the import price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 49%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood 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 France ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform