Croatia: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Croatia

The Croatian wood bending machine market shrank notably to $X in 2021, dropping by -24% against the previous year. In general, consumption showed a perceptible setback. Wood bending machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Wood Bending Machine Production in Croatia

In value terms, wood bending machine production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Wood Bending Machine Exports

Exports from Croatia

In 2021, shipments abroad of bending or assembling machines increased by 107% to X units, rising for the second consecutive year after two years of decline. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 320%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, wood bending machine exports surged to $X in 2021. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 1,942%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for wood bending machine exports from Croatia, with a 95% share of total exports. Moreover, wood bending machine exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Austria (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina amounted to +43.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (0.0% per year) and Russia (0.0% per year).

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for bending or assembling machines exports from Croatia, comprising 57% of total exports. The second position in the ranking was taken by Russia ($X), with a 24% share of total exports. It was followed by Austria, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina stood at +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (0.0% per year) and Austria (+31.2% per year).

Export Prices by Country

In 2021, the average wood bending machine export price amounted to $X per unit, which is down by -1.9% against the previous year. Overall, the export price, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 432%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wood Bending Machine Imports

Imports into Croatia

In 2021, the amount of bending or assembling machines imported into Croatia fell sharply to X units, with a decrease of -37.1% against the previous year's figure. Over the period under review, imports recorded a slight slump. The most prominent rate of growth was recorded in 2014 with an increase of 88% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, wood bending machine imports reduced remarkably to $X in 2021. In general, imports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 175%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), Turkey (X units) and Belgium (X units) were the main suppliers of wood bending machine imports to Croatia, with a combined 67% share of total imports. These countries were followed by the Netherlands, Germany, Spain and China, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +44.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wood bending machine suppliers to Croatia were Italy ($X), Belgium ($X) and Germany ($X), with a combined 92% share of total imports. These countries were followed by Spain, Turkey, China, the Netherlands and Austria, which together accounted for a further 8.4%.

Among the main suppliers, Spain, with a CAGR of +59.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, declining by -22% against the previous year. Over the period under review, the import price, however, posted a pronounced increase. The growth pace was the most rapid in 2017 when the average import price increased by 205% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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