Croatia: Market for Machine-Tools For Working Wood 2024

Market Size for Machine-Tools For Working Wood in Croatia

The Croatian machine-tool for working wood market declined dramatically to $X in 2021, reducing by -27.9% against the previous year. Overall, consumption, however, showed a perceptible increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Machine-Tools For Working Wood in Croatia

In value terms, machine-tool for working wood production shrank slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a strong increase. The growth pace was the most rapid in 2014 when the production volume increased by 100%. Machine-tool for working wood production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Machine-Tools For Working Wood

Exports from Croatia

In 2021, the amount of machine-tools for working wood exported from Croatia surged to X tons, with an increase of 75% compared with the previous year. Overall, exports saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 84%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, machine-tool for working wood exports surged to $X in 2021. Over the period under review, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 89% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for machine-tool for working wood exports from Croatia, with a 52% share of total exports. Moreover, machine-tool for working wood exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X tons), twofold. Serbia (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+32.0% per year) and Serbia (+20.1% per year).

In value terms, the largest markets for machine-tool for working wood exported from Croatia were Bosnia and Herzegovina ($X), Slovenia ($X) and Serbia ($X), together accounting for 77% of total exports.

Slovenia, with a CAGR of +34.5%, saw 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 more modest paces of growth.

Export Prices by Country

In 2021, the average machine-tool for working wood export price amounted to $X per ton, which is down by -17.2% against the previous year. In general, the export price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 31% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell notably in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Wood

Imports into Croatia

In 2021, supplies from abroad of machine-tools for working wood decreased by -3.7% to X tons, falling for the third consecutive year after five years of growth. In general, imports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2016 with an increase of 51%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, machine-tool for working wood imports contracted to $X in 2021. Overall, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 47%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and China (X tons) were the main suppliers of machine-tool for working wood imports to Croatia, together comprising 59% of total imports. These countries were followed by Slovenia, Bosnia and Herzegovina, Austria and Serbia, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +33.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Slovenia ($X) were the largest machine-tool for working wood suppliers to Croatia, together comprising 63% of total imports. These countries were followed by Austria, Bosnia and Herzegovina, China and Serbia, which together accounted for a further 21%.

Among the main suppliers, Serbia, with a CAGR of +32.8%, 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 wood import price amounted to $X per ton, waning by -8.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2017 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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