Croatia: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Croatia

The Croatian market for machine-tools for working stone, ceramics, and concrete surged to $X in 2022, jumping by 45% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a resilient expansion. Machine tools for working stone consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Croatia

In 2022, exports of machine-tools for working stone, ceramics, and concrete from Croatia declined notably to X units, dropping by -15.4% on 2021. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 153%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, machine tools for working stone exports dropped rapidly to $X in 2022. Overall, exports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2013 with an increase of 266%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for machine tools for working stone exports from Croatia, accounting for a 70% share of total exports. Moreover, machine tools for working stone exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Serbia (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina amounted to +25.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-6.2% per year) and Austria (+26.6% per year).

In value terms, the largest markets for machine tools for working stone exported from Croatia were Bosnia and Herzegovina ($X), Austria ($X) and Serbia ($X), with a combined 97% share of total exports.

Bosnia and Herzegovina, with a CAGR of +25.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, reducing by -20.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 73%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

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 Austria ($X per unit), while the average price for exports to Serbia ($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 Serbia (+2.7%), while the prices for the other major destinations experienced a decline.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Croatia

In 2022, the amount of machine-tools for working stone, ceramics, and concrete imported into Croatia soared to X units, growing by 33% compared with the year before. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by 101% against the previous year. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, machine tools for working stone imports surged to $X in 2022. In general, imports enjoyed a strong increase. The growth pace was the most rapid in 2015 with an increase of 249% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X units) constituted the largest machine tools for working stone supplier to Croatia, with a 54% share of total imports. Moreover, machine tools for working stone imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Austria (X units), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.1% per year) and Austria (+38.1% per year).

In value terms, Italy ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Croatia, comprising 64% of total imports. The second position in the ranking was taken by Austria ($X), with a 20% share of total imports. It was followed by Germany, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+47.5% per year) and Germany (+21.0% per year).

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machine tools for working stone import price increased by +44.2% against 2016 indices. The growth pace was the most rapid in 2015 an increase of 74% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average 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 ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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