Croatia: Electroplating Machine Market 2024

Electroplating Machine Market Size in Croatia

The Croatian electroplating machine market soared to $X in 2021, picking up by 25% against the previous year. In general, consumption, however, continues to indicate a deep contraction. Electroplating machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electroplating Machine Production in Croatia

In value terms, electroplating machine production reached $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 15%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Electroplating Machine Exports

Exports from Croatia

In 2021, the amount of machines for electroplating, electrolysis or electrophoresis exported from Croatia declined dramatically to X units, with a decrease of -51.6% against 2020. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 1,860% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electroplating machine exports skyrocketed to $X in 2021. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by 1,392% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Austria (X units) was the main destination for electroplating machine exports from Croatia, with a 57% share of total exports. Moreover, electroplating machine exports to Austria exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), threefold. Montenegro (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria totaled +5,724.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+50.9% per year) and Montenegro (+46.5% per year).

In value terms, Austria ($X) emerged as the key foreign market for electroplating machine exports from Croatia, comprising 88% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 4.3% share of total exports. It was followed by Montenegro, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to Austria totaled +5,190.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+27.6% per year) and Montenegro (+43.8% per year).

Export Prices by Country

The average electroplating machine export price stood at $X per unit in 2021, with an increase of 331% against the previous year. In general, the export price recorded significant growth. The most prominent rate of growth was recorded in 2013 an increase of 512%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Austria ($X per unit), while the average price for exports to Serbia ($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 Slovenia (+5.0%), while the prices for the other major destinations experienced a decline.

Electroplating Machine Imports

Imports into Croatia

In 2021, supplies from abroad of machines for electroplating, electrolysis or electrophoresis increased by 29% to X units, rising for the fourth year in a row after two years of decline. In general, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 252% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electroplating machine imports contracted remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 334%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest electroplating machine supplier to Croatia, with a 88% share of total imports. Moreover, electroplating machine imports from Spain exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), more than tenfold. France (X units) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain stood at +113.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+45.7% per year) and France (+28.4% per year).

In value terms, Spain ($X) constituted the largest supplier of electroplating machine to Croatia, comprising 68% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 13% share of total imports. It was followed by France, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +149.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+68.9% per year) and France (+37.9% per year).

Import Prices by Country

The average electroplating machine import price stood at $X per unit in 2021, reducing by -48.6% against the previous year. Over the period under review, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 354%. As a result, import price reached the peak level of $X per unit. From 2014 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, 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 Serbia (+31.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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