Croatia: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in Croatia

In 2021, the Croatian market for parts of harvester and threshers decreased by -30.8% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a drastic downturn. Parts of harvester and threshers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Parts Of Harvester And Threshers in Croatia

In value terms, parts of harvester and threshers production rose remarkably to $X in 2021 estimated in export price. In general, production posted a resilient expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 60% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; afterwards, it flattened through to 2021.

Exports of Parts Of Harvester And Threshers

Exports from Croatia

In 2021, parts of harvester and threshers exports from Croatia soared to X units, with an increase of 45% on the previous year. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +14.6% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by 70% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, parts of harvester and threshers exports surged to $X in 2021. Over the period under review, total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia (X units), Italy (X units) and Bosnia and Herzegovina (X units) were the main destinations of parts of harvester and threshers exports from Croatia, with a combined 58% share of total exports. These countries were followed by Germany, Slovenia, Serbia, Russia, Poland, Ukraine, Kazakhstan, Hungary, Turkey and Denmark, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +97.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for parts of harvester and threshers exported from Croatia were Slovakia ($X), Germany ($X) and Italy ($X), with a combined 38% share of total exports. Serbia, Bosnia and Herzegovina, Slovenia, Russia, Hungary, Poland, Kazakhstan, Denmark, Turkey and Ukraine lagged somewhat behind, together accounting for a further 51%.

In terms of the main countries of destination, Denmark, with a CAGR of +90.9%, recorded the highest growth rate of the value of exports, 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 export price for parts of harvester and threshers amounted to $X per unit, increasing by 12% against the previous year. In general, the export price, however, recorded a abrupt contraction. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Harvester And Threshers

Imports into Croatia

In 2021, parts of harvester and threshers imports into Croatia declined to X units, which is down by -11.7% against 2020. Over the period under review, imports saw a pronounced contraction. The pace of growth was the most pronounced in 2020 when imports increased by 25%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, parts of harvester and threshers imports contracted to $X in 2021. In general, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2017 when imports increased by 14% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X units), Austria (X units) and Germany (X units) were the main suppliers of parts of harvester and threshers imports to Croatia, with a combined 52% share of total imports. These countries were followed by Hungary, France, Bosnia and Herzegovina, Turkey, Slovenia, the United States, China, Poland, Greece and Serbia, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +82.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Austria ($X) appeared to be the largest parts of harvester and threshers suppliers to Croatia, with a combined 57% share of total imports. Hungary, Slovenia, France, Turkey, Poland, Serbia, Greece, the United States, Bosnia and Herzegovina and China lagged somewhat behind, together accounting for a further 34%.

In terms of the main suppliers, Greece, with a CAGR of +76.6%, recorded the highest rates of growth with regard to 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

The average import price for parts of harvester and threshers stood at $X per unit in 2021, surging by 4.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2017 an increase of 17% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform