Croatia: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Croatia

The Croatian filling containers machinery market surged to $X in 2021, increasing by 130% against the previous year. Over the period under review, consumption recorded a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Filling Containers Machinery Production in Croatia

In value terms, filling containers machinery production soared to $X in 2021 estimated in export price. In general, production, however, posted a strong increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by 130% against the previous year. Filling containers machinery production peaked at $X in 2016; afterwards, it flattened through to 2021.

Filling Containers Machinery Exports

Exports from Croatia

In 2021, overseas shipments of machinery for filling, closing, sealing, capsuling or labelling containers decreased by -43.2% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 735% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, filling containers machinery exports dropped notably to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 746%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units), Serbia (X units) and Bosnia and Herzegovina (X units) were the main destinations of filling containers machinery exports from Croatia, with a combined 70% 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 Serbia (with a CAGR of +29.4%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Serbia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for filling containers machinery exported from Croatia worldwide, with a combined 64% share of total exports.

In terms of the main countries of destination, Serbia, with a CAGR of +41.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2021, growing by 47% against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 167% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to Turkey ($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 Canada (+48.1%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Croatia

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers imported into Croatia surged to X units, jumping by 248% compared with 2020 figures. Overall, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, filling containers machinery imports soared to $X in 2021. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 378% 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.

Imports by Country

Italy (X units), Germany (X units) and China (X units) were the main suppliers of filling containers machinery imports to Croatia, together comprising 82% of total imports. Switzerland, France and Slovenia lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Switzerland (with a CAGR of +76.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machinery for filling, closing, sealing, capsuling or labelling containers to Croatia, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with a 22% share of total imports. It was followed by Switzerland, with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.2% per year) and Switzerland (+94.6% per year).

Import Prices by Country

In 2021, the average filling containers machinery import price amounted to $X per unit, declining by -17.2% against the previous year. Over the period under review, the import price recorded a perceptible reduction. The growth pace was the most rapid in 2014 when the average import price increased by 120%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+10.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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