Croatia: Harvesting Machinery Market 2024

Harvesting Machinery Market Size in Croatia

The Croatian harvesting machinery market skyrocketed to $X in 2021, growing by 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Harvesting Machinery Exports

Exports from Croatia

In 2021, harvesting machinery exports from Croatia declined markedly to X units, waning by -62.5% against 2020 figures. In general, exports saw a deep downturn. The growth pace was the most rapid in 2020 with an increase of 433%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, harvesting machinery exports contracted markedly to $X in 2021. Over the period under review, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 456%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X units) was the main destination for harvesting machinery exports from Croatia, with a 83% share of total exports. Moreover, harvesting machinery exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia amounted to +16.5%.

In value terms, Slovenia ($X) emerged as the key foreign market for root or tuber harvesting machines exports from Croatia, comprising 89% of total exports. The second position in the ranking was held by France ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia amounted to +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-27.2% per year) and Bosnia and Herzegovina (+25.3% per year).

Export Prices by Country

In 2021, the average harvesting machinery export price amounted to $X per unit, rising by 47% against the previous year. Over the period under review, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 193% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+71.8%), while the prices for the other major destinations experienced more modest paces of growth.

Harvesting Machinery Imports

Imports into Croatia

In 2021, approx. X units of root or tuber harvesting machines were imported into Croatia; declining by -27.5% compared with 2020. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 167% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, harvesting machinery imports expanded modestly to $X in 2021. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 114%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X units), Poland (X units) and Austria (X units) were the main suppliers of harvesting machinery imports to Croatia, with a combined 79% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +47.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) constituted the largest supplier of root or tuber harvesting machines to Croatia, comprising 73% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Poland, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from Slovenia amounted to +84.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.0% per year) and Poland (+64.4% per year).

Import Prices by Country

The average harvesting machinery import price stood at $X per unit in 2021, growing by 44% against the previous year. Overall, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 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 Slovenia ($X per unit), while the price for Switzerland ($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 (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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