Croatia: Market for Non-Numerically Controlled Drilling Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Drilling Machines For Working Metal in Croatia

In 2021, after two years of growth, there was decline in the Croatian non-numerically controlled drilling machine market, when its value decreased by -1% to $X. In general, consumption, however, continues to indicate resilient growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Non-Numerically Controlled Drilling Machines For Working Metal in Croatia

In value terms, non-numerically controlled drilling machine production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. Non-numerically controlled drilling machine production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Exports of Non-Numerically Controlled Drilling Machines For Working Metal

Exports from Croatia

In 2021, the amount of non-numerically controlled drilling machines for working metal exported from Croatia declined modestly to X tons, remaining constant against 2020 figures. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2013 when exports increased by 339% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled drilling machine exports reached $X in 2021. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2013 when exports increased by 222% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons) was the main destination for non-numerically controlled drilling machine exports from Croatia, with a 62% share of total exports. Moreover, non-numerically controlled drilling machine exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), twofold. The third position in this ranking was taken by Serbia (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia totaled -14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+7.3% per year) and Serbia (-3.4% per year).

In value terms, Slovenia ($X) remains the key foreign market for non-numerically controlled drilling machines for working metal exports from Croatia, comprising 72% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 12% share of total exports. It was followed by Serbia, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia stood at -8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+2.7% per year) and Serbia (+13.7% per year).

Export Prices by Country

In 2021, the average non-numerically controlled drilling machine export price amounted to $X per ton, surging by 12% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 99% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Drilling Machines For Working Metal

Imports into Croatia

In 2021, purchases abroad of non-numerically controlled drilling machines for working metal decreased by -44.4% to X tons, falling for the third consecutive year after two years of growth. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 147%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, non-numerically controlled drilling machine imports dropped dramatically to $X in 2021. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 137% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell sharply in the following year.

Imports by Country

Austria (X tons), China (X tons) and Germany (X tons) were the main suppliers of non-numerically controlled drilling machine imports to Croatia, with a combined 77% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +50.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and China ($X) were the largest non-numerically controlled drilling machine suppliers to Croatia, together accounting for 74% of total imports.

Austria, with a CAGR of +49.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average non-numerically controlled drilling machine import price amounted to $X per ton, jumping by 23% against the previous year. In general, the import price saw prominent growth. The growth pace was the most rapid in 2013 an increase of 166% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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