Croatia: Market for Ferro-Cerium And Pyrophoric Alloys 2024

Market Size for Ferro-Cerium And Pyrophoric Alloys in Croatia

The Croatian ferro-cerium and pyrophoric alloys market skyrocketed to $X in 2021, picking up by 29% against the previous year. Over the period under review, consumption, however, saw a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Ferro-Cerium And Pyrophoric Alloys in Croatia

In value terms, ferro-cerium and pyrophoric alloys production soared to $X in 2021 estimated in export price. Over the period under review, production recorded buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of 55%. Over the period under review, production hit record highs in 2021 and is likely to see gradual growth in the near future.

Exports of Ferro-Cerium And Pyrophoric Alloys

Exports from Croatia

In 2021, shipments abroad of ferro-cerium and pyrophoric alloys increased by 41% to X tons, rising for the fourth year in a row after two years of decline. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 214% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, ferro-cerium and pyrophoric alloys exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 116%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Romania (X tons), Spain (X tons) and Germany (X tons) were the main destinations of ferro-cerium and pyrophoric alloys exports from Croatia, together comprising 31% of total exports. Portugal, Bosnia and Herzegovina, Italy, Bulgaria, the Netherlands, Slovenia, Israel, Poland, Serbia and Greece lagged somewhat behind, together accounting for a further 63%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +303.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Spain ($X) and Portugal ($X) constituted the largest markets for ferro-cerium and pyrophoric alloys exported from Croatia worldwide, together comprising 30% of total exports. These countries were followed by Germany, Italy, Bosnia and Herzegovina, Slovenia, Bulgaria, the Netherlands, Israel, Serbia, Poland and Greece, which together accounted for a further 63%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +290.7%, saw 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 2021, the average ferro-cerium and pyrophoric alloys export price amounted to $X per ton, rising by 11% against the previous year. Overall, the export price, however, showed a pronounced contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Slovenia ($X per ton) and Serbia ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Bosnia and Herzegovina ($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 Romania (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ferro-Cerium And Pyrophoric Alloys

Imports into Croatia

In 2021, purchases abroad of ferro-cerium and pyrophoric alloys increased by 11% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a mild decrease. The pace of growth was the most pronounced in 2016 with an increase of 72% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ferro-cerium and pyrophoric alloys imports skyrocketed to $X in 2021. In general, imports, however, showed a mild shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by 68%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Serbia (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of ferro-cerium and pyrophoric alloys imports to Croatia, together comprising 88% of total imports. Slovenia, Austria and Turkey lagged somewhat behind, together comprising a further 10%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +82.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X) constituted the largest supplier of ferro-cerium and pyrophoric alloys to Croatia, comprising 48% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Serbia stood at +48.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.7% per year) and the Netherlands (+5.7% per year).

Import Prices by Country

The average ferro-cerium and pyrophoric alloys import price stood at $X per ton in 2021, surging by 4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 16%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Slovenia ($X per ton), while the price for Germany ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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