Croatia: Stainless Steel Angle Market 2024

Stainless Steel Angle Market Size in Croatia

The Croatian stainless steel angle market expanded modestly to $X in 2021, rising by 1.8% against the previous year. In general, consumption continues to indicate a abrupt setback. Stainless steel angle consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Stainless Steel Angle Production in Croatia

In value terms, stainless steel angle production contracted dramatically to $X in 2021 estimated in export price. In general, production, however, recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 36%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Stainless Steel Angle Exports

Exports from Croatia

In 2021, stainless steel angle exports from Croatia surged to X tons, with an increase of 165% compared with 2020. Over the period under review, exports enjoyed a noticeable increase. The pace of growth was the most pronounced in 2019 when exports increased by 254%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, stainless steel angle exports soared to $X in 2021. In general, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of 239% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for stainless steel angle exports from Croatia, with a 65% share of total exports. Moreover, stainless steel angle exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Serbia (X tons), fourfold. Montenegro (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina totaled +20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+41.7% per year) and Montenegro (-1.0% per year).

In value terms, the largest markets for stainless steel angle exported from Croatia were Serbia ($X), Bosnia and Herzegovina ($X) and Switzerland ($X), with a combined 83% share of total exports.

Serbia, with a CAGR of +50.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average stainless steel angle export price amounted to $X per ton, increasing by 2.5% against the previous year. Over the period under review, the export price posted a measured increase. The pace of growth was the most pronounced in 2013 an increase of 191%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Stainless Steel Angle Imports

Imports into Croatia

In 2021, the amount of angles, shapes and sections of stainless steel or other alloy steel imported into Croatia shrank rapidly to X tons, declining by -26.4% against the previous year's figure. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 70% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, stainless steel angle imports stood at $X in 2021. In general, imports recorded a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 33%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of stainless steel angle imports to Croatia, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +46.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel angle suppliers to Croatia were Germany ($X), Poland ($X) and Italy ($X), with a combined 69% share of total imports.

Poland, with a CAGR of +61.9%, recorded 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 2021, the average stainless steel angle import price amounted to $X per ton, picking up by 38% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, stainless steel angle import price increased by +70.4% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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