Croatia: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Croatia

The Croatian machine-tool for drilling market skyrocketed to $X in 2022, rising by 64% against the previous year. In general, consumption saw buoyant growth. Machine-tool for drilling consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Machine-Tool For Drilling Production in Croatia

In value terms, machine-tool for drilling production rose notably to $X in 2022 estimated in export price. Overall, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 196% against the previous year. Machine-tool for drilling production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Machine-Tool For Drilling Exports

Exports from Croatia

In 2022, the amount of machine-tools for drilling, boring or milling metal exported from Croatia contracted rapidly to X units, reducing by -66.3% compared with the previous year. In general, exports, however, recorded moderate growth. The pace of growth was the most pronounced in 2021 with an increase of 295%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine-tool for drilling exports fell notably to $X in 2022. Overall, exports saw a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 55% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Slovenia (X units) was the main destination for machine-tool for drilling exports from Croatia, accounting for a 63% share of total exports. Moreover, machine-tool for drilling exports to Slovenia exceeded the volume sent to the second major destination, Germany (X units), fourfold. Montenegro (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia stood at +44.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-13.7% per year) and Montenegro (+27.1% per year).

In value terms, Germany ($X) remains the key foreign market for machine-tools for drilling, boring or milling metal exports from Croatia, comprising 85% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 5.2% share of total exports. It was followed by Turkey, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at -7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+31.1% per year) and Turkey (+17.0% per year).

Export Prices by Country

In 2022, the average machine-tool for drilling export price amounted to $X per unit, picking up by 75% against the previous year. Over the period under review, the export price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by 98%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export 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 the UK (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Machine-Tool For Drilling Imports

Imports into Croatia

In 2022, the amount of machine-tools for drilling, boring or milling metal imported into Croatia surged to X units, jumping by 43% compared with the year before. Over the period under review, imports continue to indicate moderate growth. The most prominent rate of growth was recorded in 2015 when imports increased by 169%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, machine-tool for drilling imports soared to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 107% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine-tool for drilling supplier to Croatia, with a 54% share of total imports. Moreover, machine-tool for drilling imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Austria (X units) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.5% per year) and Austria (+34.0% per year).

In value terms, Germany ($X) constituted the largest supplier of machine-tools for drilling, boring or milling metal to Croatia, comprising 68% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by Slovenia, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+1.0% per year) and Slovenia (+33.5% per year).

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, which is down by -17.9% against the previous year. Over the period under review, the import price showed a perceptible slump. The pace of growth appeared the most rapid in 2021 an increase of 153% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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