Croatia: Cement Market 2025

Cement Market Size in Croatia

After two years of decline, the Croatian cement market increased by 39% to $X in 2022. In general, consumption, however, showed a noticeable decrease. Cement consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cement Production in Croatia

In value terms, cement production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +111.6% against 2015 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Cement Exports

Exports from Croatia

After two years of growth, overseas shipments of cement decreased by -13.6% to X tons in 2022. The total export volume increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 44%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, cement exports reached $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.8% against 2016 indices. The pace of growth was the most pronounced in 2013 when exports increased by 24%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Bosnia and Herzegovina (X tons), Italy (X tons) and Serbia (X tons) were the main destinations of cement exports from Croatia, with a combined 66% share of total exports. Hungary, Montenegro, Slovenia and Germany lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +11.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cement exported from Croatia were Bosnia and Herzegovina ($X), Serbia ($X) and Italy ($X), together comprising 51% of total exports. Hungary, Montenegro, Germany and Slovenia lagged somewhat behind, together accounting for a further 29%.

Among the main countries of destination, Hungary, with a CAGR of +15.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cement export price stood at $X per ton in 2022, growing by 18% against the previous year. Overall, the export price recorded a relatively flat trend pattern. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Hungary (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Cement Imports

Imports into Croatia

After two years of growth, purchases abroad of cement decreased by -3.3% to X tons in 2022. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 29% against the previous year. Imports peaked at X tons in 2021, and then fell modestly in the following year.

In value terms, cement imports expanded notably to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +105.0% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Bosnia and Herzegovina (X tons), Hungary (X tons) and Slovenia (X tons) were the main suppliers of cement imports to Croatia, together accounting for 88% of total imports. Italy, Austria and Serbia lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +58.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of cement to Croatia, comprising 50% of total imports. The second position in the ranking was taken by Hungary ($X), with an 18% share of total imports. It was followed by Slovenia, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bosnia and Herzegovina totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+3.9% per year) and Slovenia (+3.6% per year).

Import Prices by Country

In 2022, the average cement import price amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the import price, however, recorded a slight slump. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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