Croatia: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Croatia

For the fourth year in a row, the Croatian endless machinery band market recorded growth in sales value, which increased by 44% to $X in 2021. In general, consumption posted resilient growth. Endless machinery band consumption peaked in 2021 and is expected to retain growth in years to come.

Endless Machinery Band Exports

Exports from Croatia

In 2021, the amount of endless bands for machinery, of stainless steel exported from Croatia skyrocketed to X square meters, rising by 250% against the previous year's figure. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 618% against the previous year. As a result, the exports attained the peak of X square meters. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, endless machinery band exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 544%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Turkey (X square meters), Bosnia and Herzegovina (X square meters) and Italy (X square meters) were the main destinations of endless machinery band exports from Croatia.

From 2012 to 2021, the biggest increases were in Bosnia and Herzegovina (with a CAGR of +53.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for endless machinery band exported from Croatia were Turkey ($X), Bosnia and Herzegovina ($X) and Italy ($X).

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of +68.4%, recorded 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

The average endless machinery band export price stood at $X per square meter in 2021, with a decrease of -30.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 142% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per square meter in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per square meter), while the average price for exports to Bosnia and Herzegovina ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Endless Machinery Band Imports

Imports into Croatia

In 2021, imports of endless bands for machinery, of stainless steel into Croatia skyrocketed to X square meters, with an increase of 41% on 2020. Over the period under review, imports saw buoyant growth. The growth pace was the most rapid in 2013 when imports increased by 302%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, endless machinery band imports surged to $X in 2021. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 302% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, the Netherlands (X square meters) constituted the largest supplier of endless machinery band to Croatia, with a 60% share of total imports. Moreover, endless machinery band imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Austria (X square meters), fivefold. The third position in this ranking was taken by Turkey (X square meters), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +82.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+76.3% per year) and Turkey (+37.2% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of endless machinery band to Croatia, comprising 52% of total imports. The second position in the ranking was taken by Austria ($X), with a 16% share of total imports. It was followed by Turkey, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +81.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+91.6% per year) and Turkey (+47.1% per year).

Import Prices by Country

In 2021, the average endless machinery band import price amounted to $X per square meter, rising by 17% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 164%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovenia ($X per square meter), while the price for Italy ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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