Croatia: Market for Drawn Glass And Blown Glass 2024

Market Size for Drawn Glass And Blown Glass in Croatia

The Croatian market for drawn glass and blown glass dropped dramatically to $X in 2021, falling by -32.8% 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). In general, consumption, however, posted a temperate expansion. Drawn glass and blown glass consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Exports of Drawn Glass And Blown Glass

Exports from Croatia

In 2021, after four years of growth, there was significant decline in shipments abroad of drawn glass and blown glass, when their volume decreased by -47.5% to X square meters. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 158%. The exports peaked at X square meters in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, drawn glass and blown glass exports skyrocketed to $X in 2021. Overall, exports showed a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X square meters), Qatar (X square meters) and Montenegro (X square meters) were the main destinations of drawn glass and blown glass exports from Croatia, with a combined 96% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Montenegro (with a CAGR of +63.1%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Qatar ($X) emerged as the key foreign market for drawn glass and blown glass exports from Croatia, comprising 88% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 6.8% share of total exports. It was followed by Montenegro, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-9.7% per year) and Montenegro (+69.0% per year).

Export Prices by Country

The average export price for drawn glass and blown glass stood at $X per square meter in 2021, picking up by 1,657% against the previous year. In general, the export price saw a pronounced expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per square meter), while the average price for exports to Bosnia and Herzegovina ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Drawn Glass And Blown Glass

Imports into Croatia

Drawn glass and blown glass imports into Croatia reduced sharply to X square meters in 2021, with a decrease of -40.8% against 2020. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 881%. Over the period under review, imports hit record highs at X square meters in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, drawn glass and blown glass imports reduced markedly to $X in 2021. Over the period under review, imports, however, saw a pronounced increase. The pace of growth appeared the most rapid in 2014 with an increase of 496% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X square meters) constituted the largest drawn glass and blown glass supplier to Croatia, with a 76% share of total imports. Moreover, drawn glass and blown glass imports from Italy exceeded the figures recorded by the second-largest supplier, Slovenia (X square meters), sevenfold. The third position in this ranking was taken by China (X square meters), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+37.3% per year) and China (+1.5% per year).

In value terms, the largest drawn glass and blown glass suppliers to Croatia were Slovenia ($X), Italy ($X) and China ($X), together comprising 92% of total imports.

In terms of the main suppliers, Slovenia, with a CAGR of +68.3%, saw 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

The average import price for drawn glass and blown glass stood at $X per square meter in 2021, with an increase of 22% against the previous year. Overall, the import price continues to indicate a measured expansion. The growth pace was the most rapid in 2016 an increase of 86% against the previous year. Over the period under review, average import prices attained the peak figure at $X per square meter in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per square meter), while the price for Italy ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+59.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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