Croatia: Cored Arc-Welding Wire Market 2025

Cored Arc-Welding Wire Market Size in Croatia

The Croatian cored arc-welding wire market reached $X in 2021, surging by 3% against the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Cored Arc-Welding Wire Production in Croatia

In value terms, cored arc-welding wire production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +69.8% against 2014 indices. The growth pace was the most rapid in 2018 when the production volume increased by 24% against the previous year. Over the period under review, production reached the peak level in 2021 and is likely to see steady growth in years to come.

Cored Arc-Welding Wire Exports

Exports from Croatia

In 2021, shipments abroad of cored arc-welding wire was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 87%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cored arc-welding wire exports soared to $X in 2021. In general, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Serbia (X tons) was the main destination for cored arc-welding wire exports from Croatia, with a 50% share of total exports. Moreover, cored arc-welding wire exports to Serbia exceeded the volume sent to the second major destination, Slovenia (X tons), threefold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia stood at +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+57.3% per year) and Bosnia and Herzegovina (-7.8% per year).

In value terms, Serbia ($X) remains the key foreign market for cored arc-welding wire exports from Croatia, comprising 41% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 17% share of total exports. It was followed by Slovenia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Serbia totaled +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-5.0% per year) and Slovenia (+35.4% per year).

Export Prices by Country

In 2021, the average cored arc-welding wire export price amounted to $X per ton, rising by 4% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 25% against the previous year. 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Slovenia ($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 the Czech Republic (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Cored Arc-Welding Wire Imports

Imports into Croatia

In 2021, approx. X tons of cored arc-welding wire were imported into Croatia; dropping by -35.1% on 2020. Overall, imports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 29% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, cored arc-welding wire imports reduced to $X in 2021. Over the period under review, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Vietnam (X tons) and Germany (X tons) were the main suppliers of cored arc-welding wire imports to Croatia, together accounting for 74% of total imports. These countries were followed by Hungary, Italy, Slovenia, Austria, South Korea, Turkey and Poland, which together accounted for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +63.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Vietnam ($X) were the largest cored arc-welding wire suppliers to Croatia, together accounting for 69% of total imports. These countries were followed by Hungary, Slovenia, Italy, Austria, South Korea, Turkey and Poland, which together accounted for a further 26%.

Hungary, with a CAGR of +68.0%, 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 cored arc-welding wire import price amounted to $X per ton, picking up by 38% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cored arc-welding wire import price increased by +73.8% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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