Croatia: Tobacco Making Machinery Market 2024

Tobacco Making Machinery Market Size in Croatia

After two years of growth, the Croatian tobacco making machinery market decreased by -14.7% to $X in 2022. In general, consumption, however, enjoyed a significant increase. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Tobacco Making Machinery Production in Croatia

In value terms, tobacco making machinery production declined to $X in 2022 estimated in export price. In general, production, however, showed a significant contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 106% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Tobacco Making Machinery Exports

Exports from Croatia

In 2022, the amount of machinery for the preparation or making up of tobacco exported from Croatia was estimated at less than X units, therefore, remained relatively stable against the previous year. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 when exports increased by 106,580% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tobacco making machinery exports contracted notably to $X in 2022. Overall, exports faced a dramatic decrease. The pace of growth was the most pronounced in 2014 when exports increased by 251,900% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Slovakia (X units) was the main destination for tobacco making machinery exports from Croatia, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Slovakia was relatively modest.

In value terms, Slovakia ($X) emerged as the key foreign market for machinery for the preparation or making up of tobacco exports from Croatia, comprising 100% of total exports. The second position in the ranking was held by Serbia ($X), with less than 0.1% share of total exports.

From 2012 to 2020, the average annual growth rate of value to Slovakia was relatively modest.

Export Prices by Country

In 2020, the average tobacco making machinery export price amounted to $X per unit, falling by -81.9% against the previous year. Over the period under review, the export price recorded a abrupt descent. The growth pace was the most rapid in 2016 when the average export price increased by 5,473%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2020, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Slovakia stood at $X per unit.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+510.4%), while the prices for the other major destinations experienced mixed trend patterns.

Tobacco Making Machinery Imports

Imports into Croatia

Tobacco making machinery imports into Croatia contracted remarkably to X units in 2022, which is down by -44.2% on 2021. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 765% against the previous year. As a result, imports reached the peak of X units, and then contracted notably in the following year.

In value terms, tobacco making machinery imports skyrocketed to $X in 2022. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 8,890% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany (X units), Italy (X units) and Poland (X units) were the main suppliers of tobacco making machinery imports to Croatia, with a combined 95% share of total imports. Austria lagged somewhat behind, accounting for a further 2.1%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +99.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of machinery for the preparation or making up of tobacco to Croatia, comprising 72% of total imports. The second position in the ranking was held by Italy ($X), with a 22% share of total imports. It was followed by Poland, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +85.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.1% per year) and Poland (+12.7% per year).

Import Prices by Country

The average tobacco making machinery import price stood at $X per unit in 2022, rising by 106% against the previous year. Overall, the import price saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 940%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Germany ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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