Croatia: Wood Drilling Machine Market 2024

Wood Drilling Machine Market Size in Croatia

In 2021, the Croatian wood drilling machine market decreased by -14.6% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, recorded a resilient expansion. Wood drilling machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Wood Drilling Machine Production in Croatia

In value terms, wood drilling machine production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded strong growth. The growth pace was the most rapid in 2016 when the production volume increased by 132% against the previous year. Wood drilling machine production peaked at $X in 2020, and then dropped in the following year.

Wood Drilling Machine Exports

Exports from Croatia

Wood drilling machine exports from Croatia skyrocketed to X units in 2021, jumping by 33% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 644%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, wood drilling machine exports dropped remarkably to $X in 2021. In general, exports, however, continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2019 when exports increased by 1,099% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for wood drilling machine exports from Croatia, with a 50% share of total exports. Moreover, wood drilling machine exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovakia (X units), threefold. Austria (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (0.0% per year) and Austria (-44.5% per year).

In value terms, Bosnia and Herzegovina ($X), Austria ($X) and Slovakia ($X) appeared to be the largest markets for wood drilling machine exported from Croatia worldwide, together accounting for 82% of total exports. These countries were followed by Hungary, Serbia and Kosovo, which together accounted for a further 18%.

In terms of the main countries of destination, Kosovo, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average wood drilling machine export price amounted to $X per unit, which is down by -56.2% against the previous year. Over the period under review, the export price recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 151%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Kosovo ($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 Austria (+6.1%), while the prices for the other major destinations experienced a decline.

Wood Drilling Machine Imports

Imports into Croatia

In 2021, supplies from abroad of drilling or morticing machines decreased by -73% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2015 with an increase of 236% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, wood drilling machine imports fell markedly to $X in 2021. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 114%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Slovenia (X units) and Italy (X units) were the main suppliers of wood drilling machine imports to Croatia, with a combined 63% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +30.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Slovenia ($X) constituted the largest supplier of drilling or morticing machines to Croatia, comprising 39% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Slovenia amounted to +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-7.9% per year) and Germany (-10.9% per year).

Import Prices by Country

The average wood drilling machine import price stood at $X per unit in 2021, jumping by 100% against the previous year. Overall, the import price, however, saw a deep setback. The import price peaked at $X per unit in 2012; however, from 2013 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, amid the top importers, the country with the highest price was Slovenia ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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