Croatia: Market for Copper Tubes And Pipes 2024

Market Size for Copper Tubes And Pipes in Croatia

In 2021, after two years of decline, there was significant growth in the Croatian copper tube and pipe market, when its value increased by 52% to $X. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Copper Tubes And Pipes

Exports from Croatia

In 2021, copper tube and pipe exports from Croatia skyrocketed to X tons, increasing by 40% compared with the previous year. Overall, exports recorded a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 168% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, copper tube and pipe exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 159% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Slovenia (X tons), Bosnia and Herzegovina (X tons) and Serbia (X tons) were the main destinations of copper tube and pipe exports from Croatia, together accounting for 85% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +90.9%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Bosnia and Herzegovina ($X) and Serbia ($X) constituted the largest markets for copper tube and pipe exported from Croatia worldwide, together comprising 81% of total exports. These countries were followed by Hungary, Germany and Kosovo, which together accounted for a further 12%.

Kosovo, with a CAGR of +99.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 copper tube and pipe export price amounted to $X per ton, growing by 21% against the previous year. Overall, the export price continues to indicate 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.

Average prices varied somewhat for the major external markets. In 2021, the highest price was recorded for prices to Hungary ($X per ton) and Germany ($X per ton), while the average price for exports to Serbia ($X per ton) and Bosnia and Herzegovina ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Copper Tubes And Pipes

Imports into Croatia

Copper tube and pipe imports into Croatia skyrocketed to X tons in 2021, picking up by 18% on the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, copper tube and pipe imports soared to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest copper tube and pipe supplier to Croatia, accounting for a 48% share of total imports. Moreover, copper tube and pipe imports from Italy exceeded the figures recorded by the second-largest supplier, Greece (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+1.0% per year) and Turkey (+304.5% per year).

In value terms, Italy ($X) constituted the largest supplier of copper tubes and pipes to Croatia, comprising 47% of total imports. The second position in the ranking was taken by Greece ($X), with a 16% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+3.4% per year) and Turkey (+306.9% per year).

Import Prices by Country

The average copper tube and pipe import price stood at $X per ton in 2021, jumping by 42% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Slovenia ($X per ton) and Germany ($X per ton), while the price for Serbia ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform