Croatia: Market for Raw Steel And Steel Semi-Finished Products 2025

Market Size for Raw Steel And Steel Semi-Finished Products in Croatia

For the third year in a row, the Croatian market for raw steel and steel semi-finished products recorded growth in sales value, which increased by 36% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Raw Steel And Steel Semi-Finished Products in Croatia

In value terms, production of raw steel and steel semi-finished products soared to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Raw Steel And Steel Semi-Finished Products

Exports from Croatia

In 2021, shipments abroad of raw steel and steel semi-finished products was finally on the rise to reach X tons after two years of decline. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 4,097%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of raw steel and steel semi-finished products surged to $X in 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 2,672% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons) was the main destination for exports of raw steel and steel semi-finished products from Croatia, with a 84% share of total exports. Moreover, exports of raw steel and steel semi-finished products to Italy exceeded the volume sent to the second major destination, Turkey (X tons), ninefold. Poland (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume to Italy amounted to +55.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-7.7% per year) and Poland (+16.2% per year).

In value terms, Italy ($X) remains the key foreign market for raw steel and steel semi-finished products exports from Croatia, comprising 80% of total exports. The second position in the ranking was taken by Turkey ($X), with an 8.8% share of total exports. It was followed by Romania, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to Italy stood at +61.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-1.3% per year) and Romania (+22.3% per year).

Export Prices by Country

In 2021, the average export price for raw steel and steel semi-finished products amounted to $X per ton, rising by 55% against the previous year. In general, the export price posted a tangible increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 152%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to Turkey ($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 Romania (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports into Croatia

In 2021, imports of raw steel and steel semi-finished products into Croatia shrank to X tons, declining by -5% against 2020 figures. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by 51%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of raw steel and steel semi-finished products contracted slightly to $X in 2021. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 37%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest raw steel and steel semi-finished products supplier to Croatia, with a 45% share of total imports. Moreover, imports of raw steel and steel semi-finished products from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+74.0% per year) and Italy (-12.3% per year).

In value terms, the largest raw steel and steel semi-finished products suppliers to Croatia were Germany ($X), the UK ($X) and Italy ($X), together comprising 70% of total imports.

Among the main suppliers, the UK, with a CAGR of +75.0%, recorded the highest rates of growth with regard to 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

In 2021, the average import price for raw steel and steel semi-finished products amounted to $X per ton, standing approx. at the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for raw steel and steel semi-finished products decreased by -28.9% against 2019 indices. The pace of growth was the most pronounced in 2016 an increase of 34%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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