Croatia: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in Croatia

The Croatian machine tool for metal market stood at $X in 2022, increasing by X% against the previous year. Overall, consumption showed prominent growth. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Machine Tools For Working Metal Without Removing Metal in Croatia

In value terms, machine tool for metal production reached $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Machine Tools For Working Metal Without Removing Metal

Exports from Croatia

In 2022, shipments abroad of machine tools for working metal without removing metal increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, machine tool for metal exports soared to $X in 2022. Overall, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X units) was the main destination for machine tool for metal exports from Croatia, accounting for a X% share of total exports. Moreover, machine tool for metal exports to Austria exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fourfold. The third position in this ranking was taken by Poland (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Austria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Poland (X% per year).

In value terms, Austria ($X), Hungary ($X) and Poland ($X) constituted the largest markets for machine tool for metal exported from Croatia worldwide, together comprising X% of total exports. Slovenia and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The average machine tool for metal export price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price recorded a slight expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Singapore (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into Croatia

In 2022, machine tool for metal imports into Croatia shrank to X units, reducing by X% on the previous year's figure. Over the period under review, imports, however, showed a slight expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, machine tool for metal imports shrank sharply to $X in 2022. In general, imports recorded a pronounced slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of machine tool for metal to Croatia, with a X% share of total imports. Moreover, machine tool for metal imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. China (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X.0% per year) and China (X% per year).

In value terms, Germany ($X) constituted the largest supplier of machine tools for working metal without removing metal to Croatia, comprising X% of total imports. The second position in the ranking was held by Finland ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (X% per year) and Taiwan (Chinese) (X.9% per year).

Import Prices by Country

In 2022, the average machine tool for metal import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Montenegro ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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