Croatia: Market for Builders' Joinery And Carpentry Of Wood 2024

Market Size for Builders' Joinery And Carpentry Of Wood in Croatia

In 2021, the Croatian wooden joinery and carpentry market increased by 0.5% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a perceptible downturn. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Builders' Joinery And Carpentry Of Wood in Croatia

In value terms, wooden joinery and carpentry production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Builders' Joinery And Carpentry Of Wood

Exports from Croatia

For the sixth year in a row, Croatia recorded growth in overseas shipments of builders' joinery and carpentry of wood, which increased by 19% to X tons in 2021. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 22%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, wooden joinery and carpentry exports soared to $X in 2021. In general, exports posted a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Switzerland (X tons) and Lithuania (X tons) were the main destinations of wooden joinery and carpentry exports from Croatia, with a combined 41% share of total exports. These countries were followed by Sweden, Italy, Slovenia, Austria, France, China, Turkey, Bosnia and Herzegovina, the Netherlands and Serbia, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +334.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Switzerland ($X) and Lithuania ($X) were the largest markets for wooden joinery and carpentry exported from Croatia worldwide, together accounting for 46% of total exports. Italy, Sweden, Austria, Slovenia, France, China, the Netherlands, Serbia, Bosnia and Herzegovina and Turkey lagged somewhat behind, together accounting for a further 42%.

China, with a CAGR of +356.4%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 wooden joinery and carpentry export price amounted to $X per ton, picking up by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Turkey ($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 Netherlands (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Builders' Joinery And Carpentry Of Wood

Imports into Croatia

In 2021, wooden joinery and carpentry imports into Croatia soared to X tons, rising by 20% on 2020. Over the period under review, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 69%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, wooden joinery and carpentry imports surged to $X in 2021. Overall, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Bosnia and Herzegovina (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of wooden joinery and carpentry imports to Croatia, with a combined 56% share of total imports. These countries were followed by Italy, Slovenia, Poland, the Czech Republic and Serbia, which together accounted for a further 34%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +16.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Italy ($X) and Austria ($X) constituted the largest wooden joinery and carpentry suppliers to Croatia, together accounting for 53% of total imports. Slovenia, Germany, Serbia, Poland and the Czech Republic lagged somewhat behind, together comprising a further 34%.

Serbia, with a CAGR of +17.1%, saw the highest growth rate of 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 wooden joinery and carpentry import price amounted to $X per ton, increasing by 9.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 50% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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 Italy ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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