Croatia: Concrete Reinforcing Bar Market 2024

Concrete Reinforcing Bar Market Size in Croatia

The Croatian concrete reinforcing bar market surged to $X in 2022, picking up by 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed measured growth. Concrete reinforcing bar consumption peaked in 2022 and is expected to retain growth in the near future.

Concrete Reinforcing Bar Exports

Exports from Croatia

In 2022, overseas shipments of concrete reinforcing bars increased by 6.4% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 576% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, concrete reinforcing bar exports surged to $X in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 458%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Slovenia (X tons), Austria (X tons) and the Czech Republic (X tons) were the main destinations of concrete reinforcing bar exports from Croatia, with a combined 78% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +185.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for concrete reinforcing bar exported from Croatia were Slovenia ($X), Austria ($X) and the Czech Republic ($X), with a combined 76% share of total exports. Germany, Bosnia and Herzegovina, Sweden and Serbia lagged somewhat behind, together comprising a further 21%.

Among the main countries of destination, Sweden, with a CAGR of +245.5%, recorded the highest growth rate of 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 2022, the average concrete reinforcing bar export price amounted to $X per ton, growing by 17% against the previous year. Over the period under review, the export price recorded a measured increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 54% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to the Czech Republic ($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 Sweden (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Reinforcing Bar Imports

Imports into Croatia

Concrete reinforcing bar imports into Croatia totaled X tons in 2022, rising by 7.1% against 2021. Overall, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% 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 +66.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 52%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, concrete reinforcing bar imports skyrocketed to $X in 2022. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 70%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Italy (X tons), Bosnia and Herzegovina (X tons) and Albania (X tons) were the main suppliers of concrete reinforcing bar imports to Croatia, with a combined 81% 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 Albania (with a CAGR of +351.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Bosnia and Herzegovina ($X) and Albania ($X) were the largest concrete reinforcing bar suppliers to Croatia, together comprising 79% of total imports.

In terms of the main suppliers, Albania, with a CAGR of +297.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete reinforcing bar import price stood at $X per ton in 2022, growing by 21% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +89.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 57% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Slovenia ($X per ton) and Austria ($X per ton), while the price for Serbia ($X per ton) and Bosnia and Herzegovina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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