Tools for milling market in Croatia

Earlier Report Observations

The milling tools market in Croatia showed pronounced volatility between 2018 and 2024. After an initial decline to 8.0 million dollars in 2019, market size recovered, peaking at 12.2 million dollars in 2022. This was followed by a substantial contraction over the next two years, with the market falling to 8.5 million dollars in 2024.

Domestic production followed a similar pattern, halving from 4.3 million dollars in 2018 to a low point in 2020, then surging to 5.3 million dollars in 2022 before dropping again. Imports generally provided steady supply, rising from 8.2 million dollars to 11.4 million dollars by 2023, while exports grew consistently from 3.0 million dollars to 4.0 million dollars, moderating the net market size.

Production milling tools in Croatia

In value, 2017-2020, K $ US

The market exhibited significant volatility during this period. From the low point in 2017 to the peak in 2018, {context} volumes varied by a factor of 1.8. In 2020, Croatia's output of milling tools was valued at 2 845 K $ US, marking a slight decline of 1.4% compared to 2019. The highest value was recorded in 2018 at 4 295 K $ US. The largest decrease occurred in 2019, falling by 32.8%, while the largest increase was in 2018, rising by 81.7%.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

In kind, 2017-2020, kg

In 2020, Croatia produced 11 563 kg of milling tools, representing an 8.1% increase from the previous year. Over the 2017-2020 period, production grew by 19.1%, with a compound annual growth rate (CAGR) of 6.0%. The peak production was in 2018 at 12 984 kg. The largest decline was in 2019, dropping by 17.6%, while the largest increase was in 2018, rising by 33.7%.

Annual dynamics of production in Croatia in kind, 2017-2020, kg

Exports milling tools from Croatia

Exports in kind, kg

Croatia's exports of milling tools increased for the second consecutive year. In 2020, exports reached 17 293 kg, showing a robust gain of 14.1% compared to the previous year. The lowest value was recorded in 2018 at 12 764 kg. The largest decline occurred in 2018, falling by 25.0%, while the largest increase was in 2019, rising by 18.7%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, kg

From 2017 to 2020, the largest buyers of milling tools from Croatia in terms of volume were Slovenia (23.7% of exports), Peru (16.1% of exports), and Bosnia and Herzegovina (14.5% of exports). Together, these three countries accounted for 54.3% of total exports.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Croatia in kind, 2017-2020

Exports in value, K $ US

The market demonstrated volatility over the observed period. From the low in 2017 to the high in 2018, exports varied by a factor of 2.1. In 2020, Croatia's exports of milling tools totaled 2 451 K $ US, reflecting a robust advance of 11.5% compared to the previous year. The maximum value was recorded in 2018 at 3 005 K $ US. The largest decline was in 2019, decreasing by 26.9%, while the largest increase was in 2018, rising by 113.2%.

Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US

From 2017 to 2020, the principal destinations for Croatia's milling tool exports in value terms were Slovenia (27.1% of exports), Serbia (25.9% of exports), and Bosnia and Herzegovina (22.4% of exports). These three countries jointly accounted for 75.3% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Croatia in value, 2017-2020

Imports milling tools to Croatia

Imports in kind, kg

In 2020, Croatia's imports of milling tools amounted to 46 550 kg, which is 7.1% higher than in 2019. Over the 2017-2020 period, imports decreased by 19.1%, with a compound annual growth rate (CAGR) of -6.8%. The minimum value was recorded in 2019 at 43 445 kg, while the maximum was in 2018 at 95 184 kg. The largest decline occurred in 2019, falling by 54.4%, and the largest increase was in 2018, rising by 65.4%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, kg

From 2017 to 2020, the main sources of milling tool imports to Croatia in terms of volume were Germany (51.7% of imports), Slovenia (14.1% of imports), and Austria (10.6% of imports). Together, these three countries represented 76.4% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Croatia in kind, 2017-2020

Imports in value, K $ US

In 2020, Croatia's imports of milling tools reached 7 676 K $ US, equivalent to a gradual increase of 5.3% compared to the previous year. Between 2017 and 2020, imports grew by 17.5%, equating to an annualized rate of 5.5%. The maximum value was recorded in 2018 at 8 150 K $ US. The largest decline was in 2019, decreasing by 10.5%, while the largest increase was in 2018, rising by 24.8%.

Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US

Throughout 2017 to 2020, the three largest markets for Croatia's milling tool imports in value terms were Germany, Slovenia, and Austria. Together, they accounted for 72.9% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Croatia in value, 2017-2020