Croatia: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Croatia

The Croatian bituminous mixtures market soared to $X in 2021, with an increase of 29% against the previous year. In general, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +114.9% against 2016 indices. Bituminous mixtures consumption peaked in 2021 and is likely to continue growth in the immediate term.

Bituminous Mixtures Production in Croatia

In value terms, bituminous mixtures production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate tangible growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 39% against the previous year. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in years to come.

Bituminous Mixtures Exports

Exports from Croatia

In 2021, after two years of decline, there was significant growth in shipments abroad of bituminous mixtures, when their volume increased by 87% to X tons. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,093% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, bituminous mixtures exports soared to $X in 2021. Overall, exports showed significant growth. The growth pace was the most rapid in 2013 with an increase of 913% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons) was the main destination for bituminous mixtures exports from Croatia, accounting for a 98% share of total exports. It was followed by Bosnia and Herzegovina (X tons), with a 0.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia stood at +103.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-4.0% per year) and Kosovo (-94.2% per year).

In value terms, Slovenia ($X) remains the key foreign market for bituminous mixtures exports from Croatia, comprising 85% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with an 8.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia totaled +55.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-3.9% per year) and Kosovo (-84.3% per year).

Export Prices by Country

In 2021, the average bituminous mixtures export price amounted to $X per ton, declining by -32% against the previous year. Over the period under review, the export price showed a sharp contraction. The pace of growth was the most pronounced in 2016 a decrease of -5.3% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovenia ($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 Kosovo (+171.1%), while the prices for the other major destinations experienced mixed trend patterns.

Bituminous Mixtures Imports

Imports into Croatia

In 2021, supplies from abroad of bituminous mixtures decreased by -38.2% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 124% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, bituminous mixtures imports soared to $X in 2021. In general, imports, however, showed measured growth. The pace of growth was the most pronounced in 2018 when imports increased by 68% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Bosnia and Herzegovina (X tons), Austria (X tons) and Slovenia (X tons) were the main suppliers of bituminous mixtures imports to Croatia, with a combined 83% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +71.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of bituminous mixtures to Croatia, comprising 39% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by Slovenia, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Austria amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.0% per year) and Slovenia (+10.4% per year).

Import Prices by Country

In 2021, the average bituminous mixtures import price amounted to $X per ton, jumping by 103% against the previous year. Over the period under review, the import price, however, faced a drastic downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+12.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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