Croatia: Textile Relling Machine Market 2024

Textile Relling Machine Market Size in Croatia

The Croatian textile relling machine market declined dramatically to $X in 2021, waning by -60.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a sharp reduction. Textile relling machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Textile Relling Machine Exports

Exports from Croatia

In 2021, shipments abroad of machines for reeling, unreeling or textile fabrics increased by 4.3% to X units, rising for the third consecutive year after two years of decline. In general, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 14,000% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, textile relling machine exports soared to $X in 2021. Overall, exports showed a prominent increase. The growth pace was the most rapid in 2019 when exports increased by 268% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for textile relling machine exports from Croatia, with a 44% share of total exports. Moreover, textile relling machine exports to the United States exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), twofold. Russia (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+9.3% per year) and Russia (+200.0% per year).

In value terms, the United States ($X), Bosnia and Herzegovina ($X) and Russia ($X) constituted the largest markets for textile relling machine exported from Croatia worldwide, together accounting for 74% of total exports. These countries were followed by Australia, Guatemala, Italy, France, Serbia and Germany, which together accounted for a further 19%.

Germany, with a CAGR of +33.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average textile relling machine export price amounted to $X per unit, surging by 45% against the previous year. In general, the export price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 7,534%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Serbia ($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 North Macedonia (+227.3%), while the prices for the other major destinations experienced more modest paces of growth.

Textile Relling Machine Imports

Imports into Croatia

After two years of growth, overseas purchases of machines for reeling, unreeling or textile fabrics decreased by -6% to X units in 2021. In general, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2019 when imports increased by 731%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, textile relling machine imports dropped sharply to $X in 2021. Over the period under review, imports showed a slight decrease. The growth pace was the most rapid in 2020 with an increase of 212% against the previous year. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

China (X units), Slovenia (X units) and Germany (X units) were the main suppliers of textile relling machine imports to Croatia, with a combined 75% share of total imports. Bosnia and Herzegovina, Spain, Italy and Turkey lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +37.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Germany ($X) and China ($X) constituted the largest textile relling machine suppliers to Croatia, together accounting for 72% of total imports. These countries were followed by Bosnia and Herzegovina, Spain, Italy and Turkey, which together accounted for a further 24%.

Among the main suppliers, Bosnia and Herzegovina, with a CAGR of +290.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average textile relling machine import price stood at $X per unit in 2021, declining by -37.1% against the previous year. Over the period under review, the import price, however, recorded a mild expansion. The pace of growth appeared the most rapid in 2018 an increase of 2,254% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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