Croatia: Market for Machine Tools For Working Metal 2024

Market Size for Machine Tools For Working Metal in Croatia

In 2021, the Croatian machine-tool for working metal market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a abrupt decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Machine Tools For Working Metal in Croatia

In value terms, machine-tool for working metal production surged to $X in 2021 estimated in export price. In general, production enjoyed a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Machine Tools For Working Metal

Exports from Croatia

In 2021, the amount of machine tools for working metal exported from Croatia soared to X units, with an increase of 124% on 2020. Over the period under review, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal exports skyrocketed to $X in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X units), Germany (X units) and Serbia (X units) were the main destinations of machine-tool for working metal exports from Croatia, with a combined 58% share of total exports. Egypt, the Netherlands, Slovenia, Brazil and Italy lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +60.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for machine-tool for working metal exported from Croatia were Bosnia and Herzegovina ($X), Germany ($X) and Serbia ($X), together comprising 63% of total exports. Slovenia, Brazil, the Netherlands, Italy and Egypt lagged somewhat behind, together comprising a further 20%.

The Netherlands, with a CAGR of +27.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average machine-tool for working metal export price stood at $X per unit in 2021, which is down by -29.8% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 57%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Slovenia ($X per unit), while the average price for exports to Egypt ($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 Germany (-2.4%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tools For Working Metal

Imports into Croatia

Machine-tool for working metal imports into Croatia surged to X units in 2021, rising by 51% against 2020 figures. Overall, imports continue to indicate a perceptible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, machine-tool for working metal imports surged to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and the Czech Republic (X units) were the main suppliers of machine-tool for working metal imports to Croatia, with a combined 38% 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 the Czech Republic (with a CAGR of +108.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine-tool for working metal suppliers to Croatia were Italy ($X), Germany ($X) and Turkey ($X), together comprising 58% of total imports. These countries were followed by Switzerland, Slovenia, China, Taiwan (Chinese), Serbia, the Czech Republic, Austria, the Netherlands and Bosnia and Herzegovina, which together accounted for a further 36%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +101.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average machine-tool for working metal import price amounted to $X per unit, with an increase of 3.4% against the previous year. Overall, the import price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2014 an increase of 79% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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