Croatia: Metal Honing Machine Market 2024

Metal Honing Machine Market Size in Croatia

The Croatian metal honing machine market stood at $X in 2021, growing by 2.2% against the previous year. Overall, consumption recorded a resilient increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Metal Honing Machine Production in Croatia

In value terms, metal honing machine production dropped slightly to $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +10.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +60.2% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 95%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Metal Honing Machine Exports

Exports from Croatia

In 2021, after three years of growth, there was significant decline in overseas shipments of honing or lapping machines for working metal, when their volume decreased by -68.8% to X units. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 300%. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal honing machine exports contracted significantly to $X in 2021. Over the period under review, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 189%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for metal honing machine exports from Croatia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina amounted to +22.3%.

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for honing or lapping machines for working metal exports from Croatia, comprising 93% of total exports. The second position in the ranking was held by Serbia ($X), with a 6.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina totaled +42.8%.

Export Prices by Country

The average metal honing machine export price stood at $X per unit in 2021, surging by 72% against the previous year. Overall, the export price, however, saw a drastic downturn. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign 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 Serbia stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+17.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Honing Machine Imports

Imports into Croatia

In 2021, the amount of honing or lapping machines for working metal imported into Croatia contracted dramatically to X units, waning by -15.9% on the previous year's figure. Over the period under review, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2018 when imports increased by 3,700% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, metal honing machine imports reduced to $X in 2021. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 53,348%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of metal honing machine imports to Croatia, with a combined 73% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +24.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of honing or lapping machines for working metal to Croatia, comprising 53% of total imports. The second position in the ranking was held by Italy ($X), with a 19% share of total imports. It was followed by Turkey, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +66.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+23.9% per year) and Turkey (0.0% per year).

Import Prices by Country

In 2021, the average metal honing machine import price amounted to $X per unit, picking up by 10% against the previous year. Overall, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of 154%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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