Croatia: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in Croatia

In 2022, after two years of growth, there was significant decline in the Croatian milling industry machinery market, when its value decreased by X% to $X. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Milling Industry Machinery Production in Croatia

In value terms, milling industry machinery production dropped notably to $X in 2022 estimated in export price. In general, production recorded a dramatic setback. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Milling industry machinery production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Milling Industry Machinery Exports

Exports from Croatia

In 2022, overseas shipments of milling industry machinery were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, milling industry machinery exports fell markedly to $X in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for milling industry machinery exports from Croatia, accounting for a X% share of total exports. Moreover, milling industry machinery exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Serbia (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and the United States (X% per year).

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for milling industry machinery exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

From 2013 to 2022, the average annual growth rate of value to Bosnia and Herzegovina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the average milling industry machinery export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Milling Industry Machinery Imports

Imports into Croatia

In 2022, purchases abroad of milling industry machinery decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, milling industry machinery imports fell remarkably to $X in 2022. Overall, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Serbia (X units) constituted the largest milling industry machinery supplier to Croatia, accounting for a X% share of total imports. Moreover, milling industry machinery imports from Serbia exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Poland (X units) ranked third in terms of total imports with an X% share.

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

In value terms, Italy ($X), Serbia ($X) and Poland ($X) constituted the largest milling industry machinery suppliers to Croatia, with a combined X% share of total imports. China, Turkey, Romania and Slovenia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average milling industry machinery import price amounted to $X per unit, dropping by X% against the previous year. Overall, the import price saw a slight slump. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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