Croatia: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in Croatia

After two years of decline, the Croatian agricultural forestry machinery market increased by 0.4% to $X in 2022. Over the period under review, consumption, however, showed strong growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Agricultural Forestry Machinery Production in Croatia

In value terms, agricultural forestry machinery production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 154% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Agricultural Forestry Machinery Exports

Exports from Croatia

In 2022, overseas shipments of agricultural forestry machinery (lawn or sportsground rollers) decreased by -56.1% to X units, falling for the second year in a row after two years of growth. In general, exports recorded a pronounced descent. The pace of growth was the most pronounced in 2014 with an increase of 211% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, agricultural forestry machinery exports shrank significantly to $X in 2022. Over the period under review, exports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 236%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units), Slovenia (X units) and Serbia (X units) were the main destinations of agricultural forestry machinery exports from Croatia, with a combined 81% share of total exports. Greece, Slovakia, Romania, Hungary and Austria lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +16.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for agricultural forestry machinery exported from Croatia were Bosnia and Herzegovina ($X), Slovenia ($X) and Serbia ($X), with a combined 74% share of total exports.

Slovenia, with a CAGR of +18.7%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average agricultural forestry machinery export price amounted to $X per unit, remaining constant against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 19%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+65.1%), while the prices for the other major destinations experienced more modest paces of growth.

Agricultural Forestry Machinery Imports

Imports into Croatia

In 2022, supplies from abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by -10.1% to X units, falling for the third consecutive year after six years of growth. In general, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 80% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, agricultural forestry machinery imports fell to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2019 with an increase of 73%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Italy (X units), Slovenia (X units) and China (X units) were the main suppliers of agricultural forestry machinery imports to Croatia, with a combined 61% share of total imports. Poland, Germany, Turkey, Serbia and France lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +30.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural forestry machinery suppliers to Croatia were Italy ($X), Slovenia ($X) and Germany ($X), together comprising 65% of total imports. These countries were followed by China, Poland, Serbia, Turkey and France, which together accounted for a further 19%.

Poland, with a CAGR of +30.7%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average agricultural forestry machinery import price amounted to $X per unit, surging by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 when the average import price increased by 17%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 France ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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