Croatia: Market for Forged Bars Of Stainless Steel 2024

Market Size for Forged Bars Of Stainless Steel in Croatia

The Croatian forged stainless steel bar market skyrocketed to $X in 2022, with an increase of X% 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, continues to indicate a noticeable decline. Forged stainless steel bar consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Forged Bars Of Stainless Steel

Exports from Croatia

In 2022, approx. X tons of forged bars of stainless steel were exported from Croatia; reducing by X% compared with 2021. Overall, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, forged stainless steel bar exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for forged stainless steel bar exports from Croatia, with a X% share of total exports. Moreover, forged stainless steel bar exports to Italy exceeded the volume sent to the second major destination, Serbia (X kg), sevenfold. Bosnia and Herzegovina (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Slovakia ($X), Italy ($X) and Slovenia ($X) were the largest markets for forged stainless steel bar exported from Croatia worldwide, with a combined X% share of total exports.

Italy, with a CAGR of X%, 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 2022, the average forged stainless steel bar export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Forged Bars Of Stainless Steel

Imports into Croatia

In 2022, imports of forged bars of stainless steel into Croatia surged to X tons, rising by X% on 2021. Overall, imports, however, continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, forged stainless steel bar imports soared to $X in 2022. Over the period under review, imports, however, saw a slight slump. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X tons), Germany (X tons) and India (X tons) were the main suppliers of forged stainless steel bar imports to Croatia, with a combined X% share of total imports. Italy, Poland and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovenia ($X) and Italy ($X) were the largest forged stainless steel bar suppliers to Croatia, together comprising X% of total imports. India, Poland and Austria lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average forged stainless steel bar import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, forged stainless steel bar import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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