Croatia: Market for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips 2025

Market Size for Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips in Croatia

In 2021, after two years of decline, there was significant growth in the Croatian market for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when its value increased by 25% to $X. Overall, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Exports from Croatia

Exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Croatia skyrocketed to X tons in 2021, with an increase of 20% on the year before. Over the period under review, exports enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 55% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips surged to $X in 2021. The total export value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips from Croatia, accounting for a 75% share of total exports. Moreover, exports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X kg), sevenfold. The third position in this ranking was taken by Serbia (X kg), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-9.2% per year) and Serbia (+16.1% per year).

In value terms, the largest markets for unmounted tool inserts, sticks or plates exported from Croatia were Bosnia and Herzegovina ($X), Slovenia ($X) and Serbia ($X), together accounting for 95% of total exports. These countries were followed by the Czech Republic, which accounted for a further 1%.

Among the main countries of destination, the Czech Republic, with a CAGR of +45.6%, recorded 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

In 2021, the average export price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $X per ton, jumping by 18% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 40%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to the Czech Republic ($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 Slovenia (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Unmounted Inserts for Tools, Sintered Metal Carbides or Cermet Plates, Sticks, Tips

Imports into Croatia

In 2021, after seven years of decline, there was significant growth in overseas purchases of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips, when their volume increased by 39% to X tons. Over the period under review, imports saw a temperate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 108% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips amounted to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 40%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Slovenia (X tons) and Belgium (X tons) were the main suppliers of imports of unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips to Croatia, with a combined 74% share of total imports. These countries were followed by the Czech Republic, Italy, the Netherlands, Austria and Israel, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +92.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest unmounted tool inserts, sticks or plates suppliers to Croatia were Belgium ($X), Germany ($X) and Slovenia ($X), with a combined 88% share of total imports. These countries were followed by Austria, the Netherlands, Israel, the Czech Republic and Italy, which together accounted for a further 6.2%.

The Netherlands, with a CAGR of +103.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for unmounted inserts for tools, sintered metal carbides or cermet plates, sticks, tips stood at $X per ton in 2021, with a decrease of -23.4% against the previous year. In general, the import price, however, saw a notable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 25%. The import price peaked at $X per ton in 2020, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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