Croatia: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in Croatia

The Croatian steam blasting machine market was estimated at $X in 2021, leveling off at the previous year. Overall, consumption continues to indicate strong growth. Steam blasting machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Steam Blasting Machine Production in Croatia

In value terms, steam blasting machine production soared to $X in 2021 estimated in export price. In general, production enjoyed a buoyant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Steam Blasting Machine Exports

Exports from Croatia

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were exported from Croatia; shrinking by -8.2% on the previous year's figure. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 20%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, steam blasting machine exports surged to $X in 2021. Overall, exports saw a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 44%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Slovenia (X units), Bosnia and Herzegovina (X units) and Serbia (X units) were the main destinations of steam blasting machine exports from Croatia, together accounting for 77% of total exports. These countries were followed by Germany, Turkey, France, the UK, Hungary and Poland, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +49.4%), while the other leaders experienced mixed trend patterns.

In value terms, Slovenia ($X), Serbia ($X) and Bosnia and Herzegovina ($X) were the largest markets for steam blasting machine exported from Croatia worldwide, together accounting for 78% of total exports. Germany, Turkey, the UK, France, Hungary and Poland lagged somewhat behind, together accounting for a further 13%.

Turkey, with a CAGR of +52.4%, recorded the highest growth rate of the value of exports, in terms of 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 steam blasting machine export price amounted to $X per unit, with an increase of 40% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 41%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in the near future.

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 Serbia ($X per unit), while the average price for exports to France ($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 (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Steam Blasting Machine Imports

Imports into Croatia

In 2021, the amount of steam or sand blasting machines and similar jet-projecting machines imported into Croatia surged to X units, increasing by 17% against 2020. Overall, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 45%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, steam blasting machine imports shrank to $X in 2021. Over the period under review, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 48% against the previous year. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest steam blasting machine supplier to Croatia, accounting for a 55% share of total imports. Moreover, steam blasting machine imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was held by China (X units), with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.2% per year) and China (-14.6% per year).

In value terms, Germany ($X) constituted the largest supplier of steam or sand blasting machines and similar jet-projecting machines to Croatia, comprising 46% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by Slovenia, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.4% per year) and Slovenia (+25.2% per year).

Import Prices by Country

In 2021, the average steam blasting machine import price amounted to $X per unit, falling by -20% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 an increase of 60%. As a result, import price attained the peak level of $X per unit, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Slovenia ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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