Croatia: Market for Industrial Sewing Machines (Non-Automatic) 2024

Market Size for Industrial Sewing Machines (Non-Automatic) in Croatia

In 2022, the Croatian industrial sewing machines (non-automatic) market increased by 57% to $X, rising for the third consecutive year after two years of decline. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +133.6% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Industrial Sewing Machines (Non-Automatic) in Croatia

In value terms, industrial sewing machines (non-automatic) production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. Industrial sewing machines (non-automatic) production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Industrial Sewing Machines (Non-Automatic)

Exports from Croatia

In 2022, overseas shipments of industrial sewing machines (non-automatic) decreased by -25% to X units, falling for the third year in a row after three years of growth. In general, exports, however, showed measured growth. The pace of growth appeared the most rapid in 2018 with an increase of 121% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, industrial sewing machines (non-automatic) exports declined sharply to $X in 2022. Overall, total exports indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then declined dramatically in the following year.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for industrial sewing machines (non-automatic) exports from Croatia, with a 81% share of total exports. Moreover, industrial sewing machines (non-automatic) exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Albania (X units), tenfold. Germany (X units) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (-10.1% per year) and Germany (+2.9% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for industrial sewing machines (non-automatic) exports from Croatia, comprising 72% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by Albania, with a 6% share.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina amounted to +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.9% per year) and Albania (+65.7% per year).

Export Prices by Country

The average industrial sewing machines (non-automatic) export price stood at $X per unit in 2022, leveling off at the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, industrial sewing machines (non-automatic) export price increased by +114.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 48%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Slovenia ($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 Albania (+84.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Sewing Machines (Non-Automatic)

Imports into Croatia

In 2022, purchases abroad of industrial sewing machines (non-automatic) increased by 29% to X units, rising for the second consecutive year after two years of decline. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 104%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, industrial sewing machines (non-automatic) imports surged to $X in 2022. In general, imports showed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 117% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X units), Austria (X units) and Italy (X units) were the main suppliers of industrial sewing machines (non-automatic) imports to Croatia, with a combined 57% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +91.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial sewing machines (non-automatic) suppliers to Croatia were Austria ($X), Italy ($X) and Poland ($X), with a combined 61% share of total imports.

Poland, with a CAGR of +111.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average industrial sewing machines (non-automatic) import price amounted to $X per unit, picking up by 26% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 43% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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