Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Croatia - 2023
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Croatia (FOB) - 2023
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Croatia (CIF) - 2022
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Croatia
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Croatia
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Croatia (FOB) - 2023
In December 2023, the average export price for machines and mechanical appliances; parts, of those having individual functionses amounted to $20,353 per ton, growing by 11% against the previous month. Overall, export price indicated a perceptible expansion from December 2022 to December 2023: its price increased at an average monthly rate of +4.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for machines and mechanical appliances; parts, of those having individual functionses increased by +87.6% against August 2023 indices. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 64% m-o-m. The export price peaked in December 2023.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was South Africa ($172K per ton), while the average price for exports to Slovakia ($3,337 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+39.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Croatia (CIF) - 2022
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $11,865 per ton in 2022, increasing by 3.2% against the previous year. Over the period under review, the import price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2020 an increase of 29% against the previous year. The import price peaked at $21,397 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Austria ($39,287 per ton), while the price for Serbia ($4,336 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Croatia
In 2022, after three years of growth, there was decline in overseas shipments of machines and mechanical appliances; parts, of those having individual functionses, when their volume decreased by -0.4% to 3.7K tons. The total export volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18%. As a result, the exports attained the peak of 3.7K tons, leveling off in the following year.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses stood at $36M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 32%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.8 | 12.9 | 17.1 | 14.2 | 9.6% |
| Austria | 3.2 | 3.0 | 3.0 | 5.7 | 21.2% |
| Saudi Arabia | N/A | 3.6 | 4.2 | 4.2 | 8.0% |
| Azerbaijan | N/A | N/A | 1.0 | 2.2 | 120.0% |
| Italy | 0.9 | 0.6 | 1.4 | 1.7 | 23.6% |
| France | 1.0 | 1.2 | 0.9 | 1.0 | 0.0% |
| Slovakia | 0.4 | 0.5 | 0.4 | 0.4 | 0.0% |
| Others | 6.7 | 5.0 | 7.4 | 7.0 | 1.5% |
| Total | 23.0 | 26.9 | 35.5 | 36.4 | 16.5% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Croatia in 2022:
- Germany (2119.6 tons)
- Austria (586.1 tons)
- Saudi Arabia (183.1 tons)
- Italy (135.8 tons)
- Azerbaijan (87.7 tons)
- Slovakia (80.8 tons)
- France (76.0 tons)
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Croatia
In 2022, imports of machines and mechanical appliances; parts, of those having individual functionses into Croatia rose sharply to 2.6K tons, surging by 12% against the year before. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses soared to $31M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 7.2 | 7.6 | 10.4 | 11.0 | 15.2% |
| Germany | 7.0 | 5.5 | 6.6 | 6.0 | -5.0% |
| Austria | 1.5 | 2.0 | 2.6 | 2.3 | 15.3% |
| Slovenia | 1.0 | 1.3 | 2.2 | 1.9 | 23.9% |
| India | 0.4 | 0.2 | 0.3 | 1.7 | 62.0% |
| Serbia | 1.0 | 0.9 | 1.3 | 1.4 | 11.9% |
| Hungary | 0.1 | 0.3 | 0.7 | 1.3 | 135.1% |
| Netherlands | 0.5 | 0.5 | 0.4 | 0.7 | 11.9% |
| China | 0.2 | 0.3 | 0.2 | 0.6 | 44.2% |
| Bosnia and Herzegovina | 0.1 | 0.4 | 0.2 | 0.6 | 81.7% |
| Others | 2.5 | 2.4 | 2.0 | 3.5 | 11.9% |
| Total | 21.4 | 21.5 | 27.0 | 31.2 | 13.4% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Croatia in 2022:
- Italy (1246.2 tons)
- Germany (424.9 tons)
- Serbia (323.5 tons)
- Hungary (112.8 tons)
- Slovenia (80.5 tons)
- India (76.7 tons)
- China (68.6 tons)
- Netherlands (65.8 tons)
- Austria (59.4 tons)
- Bosnia and Herzegovina (54.1 tons)
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