Croatia: Milking Machine Market 2024

Milking Machine Market Size in Croatia

The Croatian milking machine market reduced slightly to $X in 2022, with a decrease of -4.4% against the previous year. Overall, consumption saw a mild decline. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Milking Machine Production in Croatia

In value terms, milking machine production declined slightly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 220%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Milking Machine Exports

Exports from Croatia

Milking machine exports from Croatia skyrocketed to X units in 2022, rising by 152% on the previous year's figure. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 624%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, milking machine exports surged to $X in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 710%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Serbia (X units) was the main destination for milking machine exports from Croatia, with a 67% share of total exports. Moreover, milking machine exports to Serbia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia totaled +39.7%.

In value terms, Serbia ($X) emerged as the key foreign market for milking machines exports from Croatia, comprising 93% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 7.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Serbia amounted to +135.1%.

Export Prices by Country

The average milking machine export price stood at $X per unit in 2022, which is down by -21.6% against the previous year. In general, the export price, however, posted a prominent increase. The pace of growth was the most pronounced in 2016 an increase of 352%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas 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 stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+24.9%), while the prices for the other major destinations experienced mixed trend patterns.

Milking Machine Imports

Imports into Croatia

In 2022, supplies from abroad of milking machines decreased by -11% to X units, falling for the second year in a row after five years of growth. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 226% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, milking machine imports soared to $X in 2022. Overall, imports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2016 when imports increased by 759% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of milking machine to Croatia, accounting for a 73% share of total imports. Moreover, milking machine imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Austria (X units), sixfold. The third position in this ranking was held by Turkey (X units), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +90.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+8.2% per year) and Turkey (+37.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of milking machines to Croatia, comprising 78% of total imports. The second position in the ranking was taken by Austria ($X), with a 16% share of total imports. It was followed by Turkey, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +99.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+11.8% per year) and Turkey (+30.0% per year).

Import Prices by Country

The average milking machine import price stood at $X per unit in 2022, rising by 63% against the previous year. Overall, the import price, however, saw a mild slump. The most prominent rate of growth was recorded in 2016 an increase of 174%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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