Croatia: Finishing Paper Machinery Market 2024

Finishing Paper Machinery Market Size in Croatia

In 2021, the Croatian finishing paper machinery market decreased by -13.6% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a deep setback. Finishing paper machinery consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Finishing Paper Machinery Production in Croatia

In value terms, finishing paper machinery production contracted slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 13% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Finishing Paper Machinery Exports

Exports from Croatia

After three years of growth, shipments abroad of machinery for finishing paper or paperboard decreased by -93.8% to X units in 2021. Overall, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 4,167% against the previous year. As a result, the exports attained the peak of X units, and then dropped remarkably in the following year.

In value terms, finishing paper machinery exports contracted rapidly to $X in 2021. Over the period under review, exports, however, posted a perceptible expansion. The pace of growth was the most pronounced in 2017 when exports increased by 3,154%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Slovenia (X units) and Bosnia and Herzegovina (X units) were the main destinations of finishing paper machinery exports from Croatia.

From 2013 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of 0.0%).

In value terms, Slovenia ($X) emerged as the key foreign market for machinery for finishing paper or paperboard exports from Croatia, comprising 74% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 26% share of total exports.

From 2013 to 2021, the average annual growth rate of value to Slovenia stood at +78.6%.

Export Prices by Country

The average finishing paper machinery export price stood at $X per unit in 2021, with an increase of 99% against the previous year. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 364%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Bosnia and Herzegovina totaled $X per unit.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+8.6%), while the prices for the other major destinations experienced a decline.

Finishing Paper Machinery Imports

Imports into Croatia

Finishing paper machinery imports into Croatia fell significantly to X units in 2021, dropping by -93.3% on 2020. Over the period under review, imports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 543%. Imports peaked at X units in 2020, and then reduced rapidly in the following year.

In value terms, finishing paper machinery imports fell markedly to $X in 2021. In general, imports saw a precipitous curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 612%. Over the period under review, imports hit record highs at $X in 2020, and then reduced notably in the following year.

Imports by Country

In 2021, South Korea (X units) constituted the largest supplier of finishing paper machinery to Croatia, with a 67% share of total imports. Moreover, finishing paper machinery imports from South Korea exceeded the figures recorded by the second-largest supplier, Serbia (X units), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled +200.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (-4.4% per year) and China (-27.5% per year).

In value terms, South Korea ($X) constituted the largest supplier of machinery for finishing paper or paperboard to Croatia, comprising 53% of total imports. The second position in the ranking was taken by Sweden ($X), with a 20% share of total imports. It was followed by Serbia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +235.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-25.4% per year) and Serbia (-7.2% per year).

Import Prices by Country

In 2021, the average finishing paper machinery import price amounted to $X per unit, shrinking by -47.9% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 152% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

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 Sweden ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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