Croatia: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Croatia

In 2021, the Croatian calcareous building stone market decreased by -31.5% to $X, falling for the fourth year in a row after three years of growth. Overall, consumption saw a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Calcareous Building Stone Production in Croatia

In value terms, calcareous building stone production dropped significantly to $X in 2021 estimated in export price. In general, production continues to indicate a significant curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 124% against the previous year. Calcareous building stone production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Calcareous Building Stone Exports

Exports from Croatia

In 2021, the amount of calcareous building stone exported from Croatia skyrocketed to X tons, with an increase of 68% against the year before. In general, exports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 210% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, calcareous building stone exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 97% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for calcareous building stone exports from Croatia, accounting for a 74% share of total exports. Moreover, calcareous building stone exports to Italy exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was taken by Bosnia and Herzegovina (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+14.3% per year) and Bosnia and Herzegovina (+27.9% per year).

In value terms, Italy ($X) remains the key foreign market for calcareous building stone exports from Croatia, comprising 62% of total exports. The second position in the ranking was taken by China ($X), with a 27% share of total exports. It was followed by Bosnia and Herzegovina, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value to Italy stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+7.5% per year) and Bosnia and Herzegovina (+13.1% per year).

Export Prices by Country

The average calcareous building stone export price stood at $X per ton in 2021, with a decrease of -16% against the previous year. Overall, the export price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 158%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Italy (+6.0%), while the prices for the other major destinations experienced a decline.

Calcareous Building Stone Imports

Imports into Croatia

In 2021, approx. X tons of calcareous building stone were imported into Croatia; declining by -47.1% against the previous year. In general, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 131% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, calcareous building stone imports declined significantly to $X in 2021. Overall, imports faced a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 124% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Bosnia and Herzegovina (X tons) was the main supplier of calcareous building stone to Croatia, accounting for a 95% share of total imports. Moreover, calcareous building stone imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Turkey (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bosnia and Herzegovina stood at -11.7%.

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of calcareous building stone to Croatia, comprising 94% of total imports. The second position in the ranking was taken by Turkey ($X), with a 5.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Bosnia and Herzegovina totaled -10.7%.

Import Prices by Country

The average calcareous building stone import price stood at $X per ton in 2021, falling by -1.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 41%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Bosnia and Herzegovina stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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