Tools for pressing, stamping or punching market in Croatia

Earlier Report Observations

The market volume for pressing, stamping, and punching tools in Croatia began the period at 568.7 t in 2018, a level supported by increased demand for products manufactured using stamping machines, which spurred interest in various stamping equipment types. The growing application of additive technology like 3D printing for prototyping injection molding tools also accelerated product development cycles. Market volume then declined to 483.6 t in 2019 and 460.7 t in 2020.

Following a recovery to 476.5 t in 2022, the physical market size fell again to 379.0 t in 2023. In value terms, however, the market grew significantly to 10.4 million US dollars in 2023, pointing to a shift toward higher-value tools or substantial price increases.

A sharp contraction in market volume occurred in 2024, dropping to 142.2 t. This coincided with alterations in public procurement procedures for stamping and tooling equipment and the impact of inflation, which raised consumer prices and affected demand in the tools segment.

Production pressing, stamping and punching tools in Croatia

In value, 2017-2020, K $ US

In 2020, Croatia's production of tools for pressing, stamping, or punching was valued at 5 748 K $ US, marking a 26.2% decline compared to the previous year. Over the period from 2017 to 2020, production decreased by 16%, with a compound annual growth rate (CAGR) of -5.6%. The highest production value was recorded in 2019 at 7 789 K $ US, which also saw the largest annual increase of 14.4%.

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

In kind, 2017-2020, t

Croatia's production volume of tools for pressing, stamping, or punching has grown for the third consecutive year. In 2020, output reached 271.1 tonnes, an 11.7% increase from 2019. From 2017 to 2020, production rose by 41.9%, with a compound annual growth rate (CAGR) of 12.4%.

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

Exports pressing, stamping and punching tools from Croatia

Exports in kind, t

Croatia's export volume of tools for pressing, stamping, or punching has increased for the second year in a row. In 2020, exports totaled 335.5 tonnes, a sharp rise of 36.0% from the previous year. Between 2017 and 2020, exports grew by 81.2%, equating to an annualized rate of 21.9%. The lowest export volume was in 2018 at 158.3 tonnes, which also experienced the largest decline of 14.5%. In contrast, 2019 saw the highest increase of 55.9%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, t

From 2017 to 2020, Germany accounted for 73.3% of Croatia's total export volume of tools for pressing, stamping, or punching, with the remaining exports distributed among various smaller trading partners.

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

After two years of growth, Croatia's export value of tools for pressing, stamping, or punching declined in 2020. Exports amounted to 3 399 K $ US, a 32.5% drop from the year before. Over the 2017-2020 period, exports decreased by 25.3%, with a compound annual growth rate (CAGR) of -9.3%. The peak export value was in 2019 at 5 033 K $ US, while 2018 recorded the largest increase of 5.8%.

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

From 2017 to 2020, Germany was the primary buyer of tools for pressing, stamping, or punching from Croatia, representing 74.2% of total export value. The rest was shared among a diverse group of other countries.

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

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

Imports pressing, stamping and punching tools to Croatia

Imports in kind, t

Following two years of decline, Croatia's import volume of tools for pressing, stamping, or punching increased in 2020. Imports reached 525.2 tonnes, a modest rise of 7.7% compared to 2019. Over the 2017-2020 period, imports fell by 36.9%, with a compound annual growth rate (CAGR) of -14.2%. The lowest import volume was in 2019 at 487.6 tonnes, and the largest decrease occurred in 2018 at 37.2%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, t

From 2017 to 2020, Croatia's import volume of tools for pressing, stamping, or punching was heavily concentrated, with Germany and Italy together making up 84.1% of total imports. Other partners accounted for the remainder.

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 imported tools for pressing, stamping, or punching valued at 5 712 K $ US, a 5.8% decrease from 2019. Over the 2017-2020 period, imports declined by 13.8%, with a compound annual growth rate (CAGR) of -4.8%. The largest drop was in 2018 at 11.4%, while 2019 saw the highest increase of 3.2%.

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

From 2017 to 2020, Germany, Italy, and Slovenia remained the main suppliers of tools for pressing, stamping, or punching to Croatia. Germany accounted for 40.5% of import value, Italy for 21.1%, and Slovenia for 10.2%, collectively representing 71.7% of total imports in value terms.

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

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