Croatia: Machinery For Packing Market 2024

Machinery For Packing Market Size in Croatia

The Croatian machinery for packing market dropped to $X in 2023, declining by X% against the previous year. Over the period under review, consumption showed a deep reduction. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Machinery For Packing Production in Croatia

In value terms, machinery for packing production reduced slightly to $X in 2023 estimated in export price. In general, production recorded prominent growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

Machinery For Packing Exports

Exports from Croatia

In 2023, approx. X units of machinery for packing or wrapping were exported from Croatia; growing by X% compared with the year before. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in the immediate term.

In value terms, machinery for packing exports reached $X in 2023. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units), Bosnia and Herzegovina (X units) and Turkey (X units) were the main destinations of machinery for packing exports from Croatia, with a combined X% share of total exports. Serbia, Slovenia, Kazakhstan, Ukraine, the UK, the United States, Austria and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Bosnia and Herzegovina ($X) and Turkey ($X) were the largest markets for machinery for packing exported from Croatia worldwide, with a combined X% share of total exports. Serbia, Slovenia, Kazakhstan, the UK, the United States, Ukraine, Austria and Poland lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Kazakhstan, with a CAGR of X.6%, recorded the highest growth rate of 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

The average machinery for packing export price stood at $X per unit in 2023, standing approx. at the previous year. Over the period under review, the export price, however, saw a abrupt setback. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, 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 Serbia ($X per unit), while the average price for exports to Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Machinery For Packing Imports

Imports into Croatia

Machinery for packing imports into Croatia dropped modestly to X units in 2023, approximately equating the previous year. In general, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, machinery for packing imports rose remarkably to $X in 2023. Over the period under review, imports, however, saw notable growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Italy (X units), Slovenia (X units) and Serbia (X units) were the main suppliers of machinery for packing imports to Croatia, with a combined X% share of total imports. Germany, San Marino, the Netherlands, China, Turkey, Poland, Bosnia and Herzegovina, Switzerland, France and Hungary lagged somewhat behind, together accounting for a further X%.

From 2020 to 2023, the biggest increases were recorded for Switzerland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Slovenia ($X) were the largest machinery for packing suppliers to Croatia, with a combined X% share of total imports. Serbia, the Netherlands, Turkey, Poland, San Marino, China, Bosnia and Herzegovina, France, Hungary and Switzerland lagged somewhat behind, together accounting for a further X%.

Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average machinery for packing import price amounted to $X per unit, with an increase of X% against the previous year. Over the last three years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is likely to see steady growth in years to come.

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

From 2020 to 2023, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform