Croatia: Market for Machine-Tools For Working Any Material By Removal Of Material 2024

Market Size for Machine-Tools For Working Any Material By Removal Of Material in Croatia

The Croatian machine-tool for removing material market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a deep slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Machine-Tools For Working Any Material By Removal Of Material

Exports from Croatia

For the fourth year in a row, Croatia recorded growth in overseas shipments of machine-tools for working any material by removal of material, which increased by 17% to X units in 2021. Overall, exports, however, faced a sharp contraction. The pace of growth was the most pronounced in 2014 when exports increased by 733%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, machine-tool for removing material exports surged to $X in 2021. In general, exports, however, faced a dramatic contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 402%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units), Slovenia (X units) and Hungary (X units) were the main destinations of machine-tool for removing material exports from Croatia, with a combined 80% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +300.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for machine-tools for working any material by removal of material exports from Croatia, comprising 47% of total exports. The second position in the ranking was held by Slovenia ($X), with a 22% share of total exports. It was followed by Germany, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina amounted to +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+3.3% per year) and Germany (-27.9% per year).

Export Prices by Country

The average machine-tool for removing material export price stood at $X per unit in 2021, surging by 75% against the previous year. Over the period under review, the export price posted a mild increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Serbia ($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 the Czech Republic (+47.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Any Material By Removal Of Material

Imports into Croatia

In 2021, purchases abroad of machine-tools for working any material by removal of material was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 156% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine-tool for removing material imports surged to $X in 2021. Over the period under review, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by 100% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest machine-tool for removing material supplier to Croatia, with a 56% share of total imports. Moreover, machine-tool for removing material imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Sweden (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.0% per year) and Sweden (+0.4% per year).

In value terms, Italy ($X), China ($X) and Germany ($X) constituted the largest machine-tool for removing material suppliers to Croatia, with a combined 70% share of total imports.

Among the main suppliers, China, with a CAGR of +13.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average machine-tool for removing material import price amounted to $X per unit, shrinking by -30.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 149% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Austria ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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