Croatia: Threshing Machinery Market 2024

Threshing Machinery Market Size in Croatia

In 2022, the Croatian threshing machinery market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Threshing Machinery Production in Croatia

In value terms, threshing machinery production surged to $X in 2022 estimated in export price. In general, production posted strong growth. The growth pace was the most rapid in 2019 with an increase of 240% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Threshing Machinery Exports

Exports from Croatia

In 2022, shipments abroad of threshing machinery except combine harvester-threshers decreased by -2.7% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when exports increased by 173%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, threshing machinery exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a tangible expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 384%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for threshing machinery exports from Croatia, accounting for a 60% share of total exports. Moreover, threshing machinery exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Romania (X units), twofold. Belgium (X units) ranked third in terms of total exports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-21.8% per year) and Belgium (0.0% per year).

In value terms, Bosnia and Herzegovina ($X), Romania ($X) and Slovakia ($X) were the largest markets for threshing machinery exported from Croatia worldwide, with a combined 78% share of total exports.

In terms of the main countries of destination, Bosnia and Herzegovina, with a CAGR of +8.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average threshing machinery export price amounted to $X per unit, jumping by 103% against the previous year. Overall, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 186% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.

Threshing Machinery Imports

Imports into Croatia

In 2022, the amount of threshing machinery except combine harvester-threshers imported into Croatia surged to X units, jumping by 110% on 2021 figures. Over the period under review, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 with an increase of 1,600% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, threshing machinery imports skyrocketed to $X in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 2,504%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Italy (X units), Germany (X units) and Turkey (X units) were the main suppliers of threshing machinery imports to Croatia, with a combined 90% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +101.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of threshing machinery except combine harvester-threshers to Croatia, comprising 58% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +36.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+29.9% per year) and Turkey (+152.4% per year).

Import Prices by Country

In 2022, the average threshing machinery import price amounted to $X per unit, approximately mirroring the previous year. Overall, the import price, however, recorded strong growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 224% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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 Slovenia ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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