Croatia: Construction Sands Market 2024

Construction Sands Market Size in Croatia

In 2022, after five years of growth, there was significant decline in the Croatian construction sands market, when its value decreased by -8.3% to $X. Over the period under review, consumption, however, showed prominent growth. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Construction Sands Production in Croatia

In value terms, construction sands production shrank to $X in 2022 estimated in export price. Overall, production, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. Construction sands production peaked at $X in 2021, and then reduced in the following year.

Construction Sands Exports

Exports from Croatia

In 2022, shipments abroad of construction sands decreased by -22.5% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 247%. The exports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, construction sands exports shrank notably to $X in 2022. In general, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 42%. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Slovenia (X tons) was the main destination for construction sands exports from Croatia, with a 93% share of total exports. Moreover, construction sands exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia amounted to +67.0%.

In value terms, Slovenia ($X) remains the key foreign market for construction sands exports from Croatia, comprising 83% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Slovenia amounted to +45.9%.

Export Prices by Country

In 2022, the average construction sands export price amounted to $X per ton, reducing by -9.5% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 84%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovenia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (-6.7%).

Construction Sands Imports

Imports into Croatia

In 2022, supplies from abroad of construction sands decreased by -16.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 249%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, construction sands imports fell dramatically to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 48%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Serbia (X tons) constituted the largest supplier of construction sands to Croatia, accounting for a 85% share of total imports. Moreover, construction sands imports from Serbia exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold. The third position in this ranking was held by Slovakia (X tons), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from Serbia amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+22.7% per year) and Slovakia (+36.9% per year).

In value terms, the largest construction sands suppliers to Croatia were Serbia ($X), Slovakia ($X) and Bosnia and Herzegovina ($X), with a combined 61% share of total imports.

In terms of the main suppliers, Slovakia, with a CAGR of +21.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average construction sands import price stood at $X per ton in 2022, declining by -19.5% against the previous year. In general, the import price faced a abrupt slump. The growth pace was the most rapid in 2021 an increase of 19% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (-10.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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