Croatia: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in Croatia

The Croatian self-propelled boring machinery market reduced markedly to $X in 2022, falling by -68.6% against the previous year. Over the period under review, consumption, however, showed a prominent increase. Self-propelled boring machinery consumption peaked at $X in 2021, and then contracted significantly in the following year.

Self-Propelled Boring Machinery Production in Croatia

In value terms, self-propelled boring machinery production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 23% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports from Croatia

In 2022, after three years of growth, there was significant decline in overseas shipments of self-propelled boring or sinking machinery, when their volume decreased by -75% to X units. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 460%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, self-propelled boring machinery exports dropped sharply to $X in 2022. Over the period under review, exports recorded a precipitous descent. The most prominent rate of growth was recorded in 2016 with an increase of 2,882%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) and Montenegro (X units) were the main destinations of self-propelled boring machinery exports from Croatia.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of 0.0%).

In value terms, Montenegro ($X) emerged as the key foreign market for self-propelled boring or sinking machinery exports from Croatia, comprising 82% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Montenegro was relatively modest.

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, waning by -10.8% against the previous year. Overall, the export price faced a deep slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 601%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per unit), while the average price for exports to Bosnia and Herzegovina stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+53.1%), while the prices for the other major destinations experienced a decline.

Self-Propelled Boring Machinery Imports

Imports into Croatia

In 2022, after three years of growth, there was significant decline in purchases abroad of self-propelled boring or sinking machinery, when their volume decreased by -83.3% to X units. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 414% against the previous year. As a result, imports attained the peak of X units, and then fell dramatically in the following year.

In value terms, self-propelled boring machinery imports dropped notably to $X in 2022. Overall, imports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 782%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X units), Germany (X units) and France (X units) were the main suppliers of self-propelled boring machinery imports to Croatia, with a combined 67% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +11.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled boring machinery suppliers to Croatia were Sweden ($X), Germany ($X) and Italy ($X), with a combined 83% share of total imports. France, Bosnia and Herzegovina, Norway and China lagged somewhat behind, together accounting for a further 17%.

China, with a CAGR of +86.9%, 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

The average self-propelled boring machinery import price stood at $X per unit in 2022, growing by 229% against the previous year. In general, the import price recorded a remarkable increase. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+140.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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