Croatia: Self-Propelled Rock Cutter Market 2024

Self-Propelled Rock Cutter Market Size in Croatia

The Croatian self-propelled rock cutter market skyrocketed to $X in 2021, growing by 93% against the previous year. In general, consumption continues to indicate a resilient increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Self-Propelled Rock Cutter Production in Croatia

In value terms, self-propelled rock cutter production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 50% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Self-Propelled Rock Cutter Exports

Exports from Croatia

In 2019, shipments abroad of self-propelled coal or rock cutters and tunnelling machinery decreased by -47.8% to X units, falling for the fourth consecutive year after four years of growth. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 433%. As a result, the exports attained the peak of X units. From 2016 to 2019, the growth of the exports remained at a somewhat lower figure.

In value terms, self-propelled rock cutter exports reduced dramatically to $X in 2019. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 385%. As a result, the exports attained the peak of $X. From 2016 to 2019, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for self-propelled rock cutter exports from Croatia, with a 92% share of total exports. Moreover, self-propelled rock cutter exports to Germany exceeded the volume sent to the second major destination, Austria (X units), more than tenfold.

From 2012 to 2019, the average annual growth rate of volume to Germany stood at +27.6%.

In value terms, Germany ($X) remains the key foreign market for self-propelled coal or rock cutters and tunnelling machinery exports from Croatia, comprising 64% of total exports. The second position in the ranking was held by Austria ($X), with a 24% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of value to Germany stood at +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-1.7% per year) and Bosnia and Herzegovina (+34.2% per year).

Export Prices by Country

The average self-propelled rock cutter export price stood at $X per unit in 2019, shrinking by -2% against the previous year. In general, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 17%. The export price peaked at $X per unit in 2012; however, from 2013 to 2019, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+37.5%), while the prices for the other major destinations experienced mixed trend patterns.

Self-Propelled Rock Cutter Imports

Imports into Croatia

Self-propelled rock cutter imports into Croatia amounted to X units in 2021, remaining stable against the previous year. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2018 with an increase of 83%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, self-propelled rock cutter imports totaled $X in 2021. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 148% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) was the main supplier of self-propelled rock cutter to Croatia, with a 93% share of total imports. Moreover, self-propelled rock cutter imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +70.1%.

In value terms, Germany ($X) constituted the largest supplier of self-propelled coal or rock cutters and tunnelling machinery to Croatia, comprising 98% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 1.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +41.4%.

Import Prices by Country

The average self-propelled rock cutter import price stood at $X per unit in 2021, remaining stable against the previous year. Overall, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 65%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for the Netherlands stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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