Croatia: Agricultural Product Dryer Market 2024

Agricultural Product Dryer Market Size in Croatia

The Croatian agricultural product dryer market surged to $X in 2021, picking up by 22% against the previous year. Overall, consumption saw a remarkable increase. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Agricultural Product Dryer Production in Croatia

In value terms, agricultural product dryer production soared to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 137% against the previous year. Agricultural product dryer production peaked in 2021 and is expected to retain growth in the immediate term.

Agricultural Product Dryer Exports

Exports from Croatia

In 2021, shipments abroad of dryers for the treatment of agricultural products increased by 44% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 800% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, agricultural product dryer exports skyrocketed to $X in 2021. In general, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 3,935% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for agricultural product dryer exports from Croatia, accounting for a 85% share of total exports. Moreover, agricultural product dryer exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Montenegro (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +30.5%.

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for dryers for the treatment of agricultural products exports from Croatia, comprising 98% of total exports. The second position in the ranking was held by Montenegro ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (-12.8% per year) and Serbia (-47.9% per year).

Export Prices by Country

The average agricultural product dryer export price stood at $X per unit in 2021, which is down by -8% against the previous year. Overall, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2020 an increase of 453%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Montenegro ($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 Slovenia (-4.3%), while the prices for the other major destinations experienced a decline.

Agricultural Product Dryer Imports

Imports into Croatia

In 2021, agricultural product dryer imports into Croatia soared to X units, jumping by 42% against the previous year's figure. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 700%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, agricultural product dryer imports skyrocketed to $X in 2021. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 1,006% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Italy (X units) constituted the largest agricultural product dryer supplier to Croatia, with a 70% share of total imports. Moreover, agricultural product dryer imports from Italy exceeded the figures recorded by the second-largest supplier, Serbia (X units), sixfold. Germany (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +52.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+34.1% per year) and Germany (+9.9% per year).

In value terms, Italy ($X) constituted the largest supplier of dryers for the treatment of agricultural products to Croatia, comprising 74% of total imports. The second position in the ranking was taken by Serbia ($X), with a 10% share of total imports. It was followed by Germany, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +37.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+16.0% per year) and Germany (-3.5% per year).

Import Prices by Country

The average agricultural product dryer import price stood at $X per unit in 2021, waning by -9.9% against the previous year. Overall, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2014 an increase of 40%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 Italy ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+53.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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