Croatia: Market for Grinding, Sanding and Polishing Machines 2024

Market Size for Grinding, Sanding and Polishing Machines in Croatia

The Croatian market for grinding, sanding and polishing machines shrank rapidly to $X in 2021, which is down by -45.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a strong increase. Grinding, sanding and polishing machine consumption peaked at $X in 2020, and then dropped notably in the following year.

Exports of Grinding, Sanding and Polishing Machines

Exports from Croatia

In 2021, exports of grinding, sanding and polishing machines from Croatia fell markedly to X units, which is down by -17.4% on the year before. Overall, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 918% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, grinding, sanding and polishing machine exports dropped remarkably to $X in 2021. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 169%. The exports peaked at $X in 2020, and then shrank notably in the following year.

Exports by Country

Slovenia (X units) was the main destination for grinding, sanding and polishing machine exports from Croatia, accounting for a 75% share of total exports. Moreover, grinding, sanding and polishing machine exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), ninefold. The third position in this ranking was taken by Montenegro (X units), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia stood at +60.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-4.4% per year) and Montenegro (+42.6% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for grinding, sanding and polishing machines exports from Croatia, comprising 51% of total exports. The second position in the ranking was held by Austria ($X), with a 26% share of total exports. It was followed by Slovenia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bosnia and Herzegovina amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-8.7% per year) and Slovenia (+72.5% per year).

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, reducing by -28.8% against the previous year. Over the period under review, the export price showed a deep setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 467% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Poland ($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 Bosnia and Herzegovina (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into Croatia

In 2021, imports of grinding, sanding and polishing machines into Croatia shrank markedly to X units, with a decrease of -44.1% on the previous year. In general, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 433% against the previous year. Over the period under review, imports hit record highs at X units in 2020, and then shrank dramatically in the following year.

In value terms, grinding, sanding and polishing machine imports contracted significantly to $X in 2021. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 139%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of grinding, sanding and polishing machine to Croatia, accounting for a 52% share of total imports. Moreover, grinding, sanding and polishing machine imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X units), twofold. China (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +30.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+84.7% per year) and China (+6.8% per year).

In value terms, Italy ($X) constituted the largest supplier of grinding, sanding and polishing machines to Croatia, comprising 41% of total imports. The second position in the ranking was taken by Slovenia ($X), with a 15% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+49.1% per year) and Germany (+4.7% per year).

Import Prices by Country

The average import price for grinding, sanding and polishing machines stood at $X per unit in 2021, remaining constant against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 114% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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