Croatia: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Croatia

The Croatian metal threading machine market surged to $X in 2021, rising by 25% against the previous year. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Metal Threading Machine Production in Croatia

In value terms, metal threading machine production declined rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 865%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Metal Threading Machine Exports

Exports from Croatia

For the third year in a row, Croatia recorded growth in shipments abroad of threading or tapping machines for working metal, which increased by 72% to X units in 2021. Over the period under review, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of 842% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal threading machine exports soared to $X in 2021. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 126% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for metal threading machine exports from Croatia, with a 67% share of total exports. Moreover, metal threading machine exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Serbia (X units), fivefold. Slovenia (X units) ranked third in terms of total exports with a 12% share.

From 2013 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-7.5% per year) and Slovenia (+9.2% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for threading or tapping machines for working metal exports from Croatia, comprising 67% of total exports. The second position in the ranking was held by Senegal ($X), with a 14% share of total exports. It was followed by Slovenia, with a 13% share.

From 2013 to 2021, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled +10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (0.0% per year) and Slovenia (-30.5% per year).

Export Prices by Country

The average metal threading machine export price stood at $X per unit in 2021, reducing by -19% against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2015 an increase of 3,037%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (-10.2%), while the prices for the other major destinations experienced a decline.

Metal Threading Machine Imports

Imports into Croatia

In 2021, approx. X units of threading or tapping machines for working metal were imported into Croatia; picking up by 339% compared with the previous year. Over the period under review, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal threading machine imports skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium (X units), Turkey (X units) and China (X units) were the main suppliers of metal threading machine imports to Croatia, with a combined 57% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +93.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal threading machine suppliers to Croatia were Belgium ($X), Spain ($X) and Germany ($X), together comprising 64% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +114.2%, recorded the highest growth rate of 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

In 2021, the average metal threading machine import price amounted to $X per unit, falling by -3% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal threading machine import price increased by +84.8% against 2016 indices. The pace of growth appeared the most rapid in 2020 an increase of 33%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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 Belgium ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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