Croatia: Hide Preparing Machinery Market 2024

Hide Preparing Machinery Market Size in Croatia

The Croatian hide preparing machinery market surged to $X in 2022, rising by 60% against the previous year. Over the period under review, consumption, however, showed a drastic downturn. Hide preparing machinery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Hide Preparing Machinery Production in Croatia

In value terms, hide preparing machinery production fell slightly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 17%. Hide preparing machinery production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Hide Preparing Machinery Exports

Exports from Croatia

In 2022, approx. X units of machinery for preparing, tanning or working hides, skins or leather were exported from Croatia; which is down by -29.2% on the previous year's figure. Over the period under review, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2016 with an increase of 2,400%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hide preparing machinery exports fell rapidly to $X in 2022. Overall, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 64,011% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X units) was the main destination for hide preparing machinery exports from Croatia, with a 65% share of total exports. Moreover, hide preparing machinery exports to Italy exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+14.9% per year) and Serbia (+100.0% per year).

In value terms, Italy ($X) emerged as the key foreign market for machinery for preparing, tanning or working hides, skins or leather exports from Croatia, comprising 65% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+62.4% per year) and Serbia (+1,667.5% per year).

Export Prices by Country

In 2022, the average hide preparing machinery export price amounted to $X per unit, growing by 1.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 2,464%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 (+783.8%), while the prices for the other major destinations experienced mixed trend patterns.

Hide Preparing Machinery Imports

Imports into Croatia

In 2022, approx. X units of machinery for preparing, tanning or working hides, skins or leather were imported into Croatia; which is down by -22.2% compared with the year before. Over the period under review, imports continue to indicate a deep setback. The growth pace was the most rapid in 2014 when imports increased by 822% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hide preparing machinery imports soared to $X in 2022. In general, imports showed a mild curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 733% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest hide preparing machinery supplier to Croatia, with a 79% share of total imports. Moreover, hide preparing machinery imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X units), more than tenfold. The third position in this ranking was held by Greece (X units), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-12.9% per year) and Greece (0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of machinery for preparing, tanning or working hides, skins or leather to Croatia, comprising 91% of total imports. The second position in the ranking was taken by Turkey ($X), with a 4% share of total imports. It was followed by Poland, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-20.3% per year) and Poland (-27.6% per year).

Import Prices by Country

In 2022, the average hide preparing machinery import price amounted to $X per unit, picking up by 48% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hide preparing machinery import price increased by +58.4% against 2020 indices. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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