Croatia: Market for Grinding And Sharpening Metal Finishing Machines 2024

Market Size for Grinding And Sharpening Metal Finishing Machines in Croatia

In 2022, the Croatian grinding and sharpening machine market increased by 22% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a perceptible setback. Grinding and sharpening machine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Grinding And Sharpening Metal Finishing Machines in Croatia

In value terms, grinding and sharpening machine production reached $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 19% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Grinding And Sharpening Metal Finishing Machines

Exports from Croatia

For the fourth year in a row, Croatia recorded growth in overseas shipments of grinding and sharpening metal finishing machines, which increased by 364% to X units in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding and sharpening machine exports stood at $X in 2022. In general, exports showed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 161%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Slovenia (X units) was the main destination for grinding and sharpening machine exports from Croatia, with a 86% share of total exports. Moreover, grinding and sharpening machine exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), more than tenfold. The third position in this ranking was taken by the Netherlands (X units), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia totaled +68.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+32.6% per year) and the Netherlands (+132.8% per year).

In value terms, Slovenia ($X) emerged as the key foreign market for grinding and sharpening metal finishing machines exports from Croatia, comprising 46% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total exports. It was followed by Bosnia and Herzegovina, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia totaled +39.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+34.5% per year) and Bosnia and Herzegovina (+30.3% per year).

Export Prices by Country

In 2022, the average grinding and sharpening machine export price amounted to $X per unit, waning by -78.2% against the previous year. Over the period under review, the export price showed a significant decline. The most prominent rate of growth was recorded in 2019 an increase of 55%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Greece ($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 Bosnia and Herzegovina (-1.7%), while the prices for the other major destinations experienced a decline.

Imports of Grinding And Sharpening Metal Finishing Machines

Imports into Croatia

In 2022, purchases abroad of grinding and sharpening metal finishing machines was finally on the rise to reach X units after two years of decline. Over the period under review, imports showed pronounced growth. The pace of growth was the most pronounced in 2016 when imports increased by 140% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, grinding and sharpening machine imports surged to $X in 2022. In general, imports recorded temperate growth. The pace of growth was the most pronounced in 2013 when imports increased by 145%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest grinding and sharpening machine supplier to Croatia, with a 79% share of total imports. Moreover, grinding and sharpening machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +55.3%.

In value terms, Germany ($X) constituted the largest supplier of grinding and sharpening metal finishing machines to Croatia, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 3.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +6.5%.

Import Prices by Country

In 2022, the average grinding and sharpening machine import price amounted to $X per unit, rising by 27% against the previous year. Overall, the import price posted modest growth. The most prominent rate of growth was recorded in 2013 an increase of 573%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.9%).

Source: IndexBox Platform

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