Croatia: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Croatia

In 2021, the Croatian machine tool for metal market increased by 3.5% to $X, rising for the fourth year in a row after two years of decline. In general, consumption saw a resilient increase. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Croatia

Machine tool for metal exports from Croatia soared to X units in 2021, jumping by 796% compared with 2020 figures. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2018 when exports increased by 37,767%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, machine tool for metal exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a mild setback. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Austria (X units), Bosnia and Herzegovina (X units) and Slovenia (X units) were the main destinations of machine tool for metal exports from Croatia, with a combined 82% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +85.2%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the key foreign market for machine tools for working metal without removing metal exports from Croatia, comprising 54% of total exports. The second position in the ranking was taken by Serbia ($X), with a 14% share of total exports. It was followed by Bosnia and Herzegovina, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Austria totaled +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+47.8% per year) and Bosnia and Herzegovina (+9.4% per year).

Export Prices by Country

The average machine tool for metal export price stood at $X per unit in 2021, dropping by -41.7% against the previous year. In general, the export price continues to indicate a deep reduction. The growth pace was the most rapid in 2019 when the average export price increased by 2,300%. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+876.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Croatia

In 2021, the amount of machine tools for working metal without removing metal imported into Croatia soared to X units, increasing by 120% on the year before. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 837% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, machine tool for metal imports skyrocketed to $X in 2021. In general, imports enjoyed tangible growth. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of machine tool for metal to Croatia, with a 61% share of total imports. Moreover, machine tool for metal imports from Germany exceeded the figures recorded by the second-largest supplier, Serbia (X units), twofold. The third position in this ranking was held by Italy (X units), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +41.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+52.2% per year) and Italy (+16.1% per year).

In value terms, Italy ($X) constituted the largest supplier of machine tools for working metal without removing metal to Croatia, comprising 62% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by Serbia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.0% per year) and Serbia (+36.5% per year).

Import Prices by Country

In 2021, the average machine tool for metal import price amounted to $X per unit, with an increase of 63% against the previous year. In general, the import price, however, saw a dramatic curtailment. The most prominent rate of growth was recorded in 2013 an increase of 386% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (-12.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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