Croatia: Flat Glass Market 2024

Flat Glass Market Size in Croatia

In 2021, the Croatian flat glass market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption showed resilient growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Flat Glass Production in Croatia

In value terms, flat glass production skyrocketed to $X in 2021 estimated in export price. In general, production showed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 125%. Flat glass production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Flat Glass Exports

Exports from Croatia

Flat glass exports from Croatia surged to X tons in 2021, increasing by 62% against the previous year. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 122%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, flat glass exports soared to $X in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 143%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Slovenia (X tons) was the main destination for flat glass exports from Croatia, accounting for a 50% share of total exports. Moreover, flat glass exports to Slovenia exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was taken by North Macedonia (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia amounted to +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+123.6% per year) and North Macedonia (+111.4% per year).

In value terms, Slovenia ($X) remains the key foreign market for flat glass exports from Croatia, comprising 74% of total exports. The second position in the ranking was taken by Austria ($X), with a 7.5% share of total exports. It was followed by Poland, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia stood at +41.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+20.3% per year) and Poland (+74.7% per year).

Export Prices by Country

The average flat glass export price stood at $X per ton in 2021, with an increase of 21% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flat glass export price increased by +126.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 41% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Poland ($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 Bosnia and Herzegovina (+14.3%), while the prices for the other major destinations experienced mixed trend patterns.

Flat Glass Imports

Imports into Croatia

In 2021, imports of flat glass into Croatia rose notably to X tons, increasing by 8% compared with the previous year. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of 31%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, flat glass imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 when imports increased by 37% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), Hungary (X tons) and Italy (X tons) were the main suppliers of flat glass imports to Croatia, with a combined 79% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +49.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flat glass suppliers to Croatia were Poland ($X), Hungary ($X) and Italy ($X), with a combined 76% share of total imports.

Among the main suppliers, Poland, with a CAGR of +46.6%, saw the highest growth rate of 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 flat glass import price amounted to $X per ton, with an increase of 24% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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