Croatia: Horizontal Machining Centre Market 2024

Horizontal Machining Centre Market Size in Croatia

The Croatian horizontal machining centre market declined dramatically to $X in 2021, which is down by -29% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Horizontal machining centre consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Horizontal Machining Centre Production in Croatia

In value terms, horizontal machining centre production dropped to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 211% against the previous year. Horizontal machining centre production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Horizontal Machining Centre Exports

Exports from Croatia

In 2021, shipments abroad of horizontal machining centres for working metal increased by 39% to X units, rising for the second year in a row after two years of decline. Overall, exports saw a strong increase. The growth pace was the most rapid in 2016 when exports increased by 153%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, horizontal machining centre exports surged to $X in 2021. In general, exports saw a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 322%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X units), the Czech Republic (X units) and Italy (X units) were the main destinations of horizontal machining centre exports from Croatia, with a combined 47% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +31.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Slovenia ($X) and Serbia ($X) were the largest markets for horizontal machining centre exported from Croatia worldwide, with a combined 53% share of total exports. These countries were followed by Bosnia and Herzegovina, Germany, the Czech Republic, Romania and India, which together accounted for a further 33%.

Among the main countries of destination, Romania, with a CAGR of +69.4%, 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 horizontal machining centre export price stood at $X per unit in 2021, increasing by 3% against the previous year. Overall, the export price, however, saw a mild curtailment. The pace of growth was the most pronounced in 2014 an increase of 110% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to India ($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 (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Horizontal Machining Centre Imports

Imports into Croatia

After three years of decline, overseas purchases of horizontal machining centres for working metal increased by 14% to X units in 2021. Over the period under review, imports recorded strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by 83% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, horizontal machining centre imports fell notably to $X in 2021. In general, imports enjoyed tangible growth. The pace of growth was the most pronounced in 2016 with an increase of 50% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of horizontal machining centre to Croatia, accounting for a 60% share of total imports. Moreover, horizontal machining centre imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X units), sixfold. The third position in this ranking was held by Belgium (X units), with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (0.0% per year) and Belgium (+14.7% per year).

In value terms, Germany ($X) constituted the largest supplier of horizontal machining centres for working metal to Croatia, comprising 47% of total imports. The second position in the ranking was held by Slovenia ($X), with a 20% share of total imports. It was followed by Belgium, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+49.5% per year) and Belgium (+10.5% per year).

Import Prices by Country

In 2021, the average horizontal machining centre import price amounted to $X per unit, reducing by -31.6% against the previous year. Over the period under review, the import price showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 32%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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