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

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

In 2021, the Croatian numerically controlled drilling machine market decreased by -43.1% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a slight slump. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Numerically Controlled Drilling Machines For Working Metal in Croatia

In value terms, numerically controlled drilling machine production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, saw a strong expansion. The growth pace was the most rapid in 2014 when the production volume increased by 43% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Exports of Numerically Controlled Drilling Machines For Working Metal

Exports from Croatia

In 2021, approx. X tons of numerically controlled drilling machines for working metal were exported from Croatia; increasing by 267% compared with the year before. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 787%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, numerically controlled drilling machine exports soared to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 1,047% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for numerically controlled drilling machine exports from Croatia, accounting for a 65% share of total exports. Moreover, numerically controlled drilling machine exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Hungary (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +52.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+31.4% per year) and Kosovo (0.0% per year).

In value terms, Bosnia and Herzegovina ($X), Hungary ($X) and Kosovo ($X) appeared to be the largest markets for numerically controlled drilling machine exported from Croatia worldwide.

Bosnia and Herzegovina, with a CAGR of +86.6%, saw the highest growth rate of 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 numerically controlled drilling machine export price amounted to $X per ton, with a decrease of -30.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 88% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per ton), while the average price for exports to Kosovo ($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 Bosnia and Herzegovina (+22.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Numerically Controlled Drilling Machines For Working Metal

Imports into Croatia

Numerically controlled drilling machine imports into Croatia dropped significantly to X tons in 2021, falling by -20.7% compared with the previous year's figure. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of 382%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, numerically controlled drilling machine imports contracted to $X in 2021. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by 490%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of numerically controlled drilling machine to Croatia, with a 53% share of total imports. Moreover, numerically controlled drilling machine imports from Poland exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland totaled +84.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+10.3% per year) and Germany (+3.3% per year).

In value terms, the largest numerically controlled drilling machine suppliers to Croatia were Spain ($X), Poland ($X) and Germany ($X), with a combined 96% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +88.8%, 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 2021, the average numerically controlled drilling machine import price amounted to $X per ton, increasing by 9.7% against the previous year. In general, the import price, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 66% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Poland ($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 (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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