Croatia: Stone Sawing Machine Market 2023

Stone Sawing Machine Market Size in Croatia

The Croatian stone sawing machine market dropped to $X in 2021, reducing by -13.9% against the previous year. Overall, consumption continues to indicate a drastic downturn. Stone sawing machine consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Stone Sawing Machine Production in Croatia

In value terms, stone sawing machine production surged to $X in 2021 estimated in export price. Over the period under review, production showed a significant increase. The pace of growth was the most pronounced in 2019 when the production volume increased by 101% against the previous year. Stone sawing machine production peaked in 2021 and is likely to see gradual growth in years to come.

Stone Sawing Machine Exports

Exports from Croatia

In 2021, overseas shipments of sawing machines for working stone, ceramics and concrete decreased by -12.6% to X units, falling for the second consecutive year after five years of growth. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 511% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, stone sawing machine exports soared to $X in 2021. Overall, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2016 when exports increased by 203% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Serbia (X units), Slovenia (X units) and Bosnia and Herzegovina (X units) were the main destinations of stone sawing machine exports from Croatia, together accounting for 76% of total exports.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +75.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) remains the key foreign market for sawing machines for working stone, ceramics and concrete exports from Croatia, comprising 41% of total exports. The second position in the ranking was held by Serbia ($X), with a 15% share of total exports. It was followed by Bosnia and Herzegovina, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia totaled +57.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+11.5% per year) and Bosnia and Herzegovina (-5.6% per year).

Export Prices by Country

In 2021, the average stone sawing machine export price amounted to $X per unit, rising by 38% against the previous year. Over the period under review, the export price, however, continues to indicate a precipitous decline. The most prominent rate of growth was recorded in 2014 an increase of 1,533%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Iceland ($X per unit), while the average price for exports to Serbia ($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 Montenegro (+16.0%), while the prices for the other major destinations experienced a decline.

Stone Sawing Machine Imports

Imports into Croatia

In 2021, purchases abroad of sawing machines for working stone, ceramics and concrete decreased by -14.5% to X units, falling for the second consecutive year after six years of growth. Over the period under review, imports saw a slight setback. The pace of growth appeared the most rapid in 2015 with an increase of 51%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, stone sawing machine imports contracted slightly to $X in 2021. In general, imports saw a slight setback. The most prominent rate of growth was recorded in 2014 when imports increased by 89% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of stone sawing machine imports to Croatia, with a combined 63% share of total imports. Sweden, the Netherlands, Bosnia and Herzegovina and Turkey lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +303.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and China ($X) constituted the largest stone sawing machine suppliers to Croatia, together comprising 72% of total imports. These countries were followed by Sweden, Turkey, Bosnia and Herzegovina and the Netherlands, which together accounted for a further 19%.

The Netherlands, with a CAGR of +466.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average stone sawing machine import price stood at $X per unit in 2021, picking up by 15% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 56% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+39.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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