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

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

In 2022, the Croatian non-numerically controlled sharpening machine market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. Non-numerically controlled sharpening machine consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from Croatia

In 2022, overseas shipments of non-numerically controlled sharpening machines for working metal were finally on the rise to reach X units after two years of decline. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-numerically controlled sharpening machine exports surged to $X in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X units) was the main destination for non-numerically controlled sharpening machine exports from Croatia, with a 90% share of total exports. Moreover, non-numerically controlled sharpening machine exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Slovenia stood at +68.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+34.3% per year) and Greece (0.0% per year).

In value terms, Slovenia ($X) emerged as the key foreign market for non-numerically controlled sharpening machines for working metal exports from Croatia, comprising 68% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia totaled +41.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+35.8% per year) and Greece (0.0% per year).

Export Prices by Country

In 2022, the average non-numerically controlled sharpening machine export price amounted to $X per unit, declining by -25.3% against the previous year. Over the period under review, the export price faced a abrupt slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained 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 Bosnia and Herzegovina ($X per unit), while the average price for exports to Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into Croatia

In 2022, overseas purchases of non-numerically controlled sharpening machines for working metal increased by 63% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed notable growth. The most prominent rate of growth was recorded in 2016 with an increase of 142% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-numerically controlled sharpening machine imports surged to $X in 2022. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 100% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Germany (X units) constituted the largest non-numerically controlled sharpening machine supplier to Croatia, accounting for a 81% share of total imports. Moreover, non-numerically controlled sharpening machine imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +74.0%.

In value terms, Germany ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to Croatia, comprising 74% of total imports. The second position in the ranking was held by China ($X), with a 6.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +40.7%.

Import Prices by Country

In 2022, the average non-numerically controlled sharpening machine import price amounted to $X per unit, surging by 7.6% against the previous year. Overall, the import price posted a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 470% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 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 Germany ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.4%).

Source: IndexBox Platform

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