Croatia: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2025

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Croatia

After three years of decline, the Croatian market for fully or partly automatic electric machines for arc welding of metals increased by 438% to $X in 2022. In general, consumption posted buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Croatia

In value terms, production of fully or partly automatic electric machines for arc welding of metals soared to $X in 2022 estimated in export price. Over the period under review, production, however, faced a deep contraction. Over the period under review, production of reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from Croatia

After two years of growth, overseas shipments of fully or partly automatic electric machines for arc welding of metals decreased by -33.8% to X units in 2022. Over the period under review, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 102% against the previous year. Over the period under review, the exports of hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals totaled $X in 2022. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 59%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for exports of fully or partly automatic electric machines for arc welding of metals from Croatia, with a 80% share of total exports. Moreover, exports of fully or partly automatic electric machines for arc welding of metals to Germany exceeded the volume sent to the second major destination, Austria (X units), sevenfold. Bosnia and Herzegovina (X units) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-10.6% per year) and Bosnia and Herzegovina (+27.0% per year).

In value terms, Germany ($X) remains the key foreign market for fully or partly automatic electric machines for arc welding of metals exports from Croatia, comprising 62% of total exports. The second position in the ranking was held by Austria ($X), with a 14% share of total exports. It was followed by North Macedonia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-1.8% per year) and North Macedonia (+40.7% per year).

Export Prices by Country

The average export price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, picking up by 57% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 126% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Germany ($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 Austria (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into Croatia

For the third year in a row, Croatia recorded growth in supplies from abroad of fully or partly automatic electric machines for arc welding of metals, which increased by 59% to X units in 2022. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 191%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals surged to $X in 2022. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 129%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Slovenia (X units), Germany (X units) and the UK (X units) were the main suppliers of imports of fully or partly automatic electric machines for arc welding of metals to Croatia, together comprising 67% of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +119.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fully or partly automatic arc welding machine suppliers to Croatia were the UK ($X), Austria ($X) and Slovenia ($X), with a combined 71% share of total imports.

The UK, with a CAGR of +126.8%, 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

The average import price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, increasing by 19% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fully or partly automatic electric machines for arc welding of metals decreased by -1.5% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 60% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :