Croatia: Market for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) 2024

Market Size for Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Croatia

In 2022, after two years of decline, there was significant growth in the Croatian market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels), when its value increased by 7.2% to $X. Overall, consumption, however, showed a slight setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels) in Croatia

In value terms, production of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Exports from Croatia

After two years of growth, overseas shipments of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) decreased by -29.6% to X tons in 2022. Overall, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 79% against the previous year. The exports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) shrank to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 49%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Germany (X tons) was the main destination for exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) from Croatia, with a 35% share of total exports. Moreover, exports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. Italy (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+117.0% per year) and Italy (+2.0% per year).

In value terms, Germany ($X) remains the key foreign market for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) exports from Croatia, comprising 41% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 13% share of total exports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+135.0% per year) and Italy (+0.1% per year).

Export Prices by Country

In 2022, the average export price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) amounted to $X per ton, jumping by 31% against the previous year. In general, the export price recorded a pronounced increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood (Excl. Windows, Doors, Posts and Beams, Assembled Flooring Panels)

Imports into Croatia

In 2022, the amount of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) imported into Croatia contracted significantly to X tons, falling by -57% compared with 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 70% against the previous year. Imports peaked at X tons in 2021, and then fell markedly in the following year.

In value terms, imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) dropped markedly to $X in 2022. In general, imports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2021 when imports increased by 114% against the previous year. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of imports of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Croatia, with a combined 69% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) to Croatia, comprising 33% of total imports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 17% share of total imports. It was followed by Austria, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (+4.9% per year) and Austria (-0.9% per year).

Import Prices by Country

In 2022, the average import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) amounted to $X per ton, surging by 37% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for builders' joinery and carpentry of wood (excl. windows, doors, posts and beams, assembled flooring panels) increased by +76.5% against 2020 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 Serbia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :