Croatia: Pig Iron Articles Market 2024

Pig Iron Articles Market Size in Croatia

The Croatian pig iron articles market surged to $X in 2021, rising by 33% 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). The market value increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Pig Iron Articles Exports

Exports from Croatia

In 2021, the amount of granules and powders of pig iron exported from Croatia contracted dramatically to X tons, declining by -23.8% against 2020 figures. Overall, exports, however, showed significant growth. The growth pace was the most rapid in 2013 with an increase of 460%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, pig iron articles exports surged to $X in 2021. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 256%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Serbia (X tons), Bosnia and Herzegovina (X tons) and Slovakia (X tons) were the main destinations of pig iron articles exports from Croatia, with a combined 69% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +117.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pig iron articles exported from Croatia were Slovakia ($X), Bulgaria ($X) and Turkey ($X), together accounting for 88% of total exports. Germany, Bosnia and Herzegovina and Serbia lagged somewhat behind, together accounting for a further 12%.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of +162.5%, recorded the highest rates of growth with regard to 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 pig iron articles export price amounted to $X per ton, increasing by 108% against the previous year. Overall, the export price continues to indicate prominent growth. As a result, the export price attained 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 Slovakia ($X per ton), while the average price for exports to Serbia ($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 Germany (+43.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pig Iron Articles Imports

Imports into Croatia

Pig iron articles imports into Croatia shrank to X tons in 2021, falling by -5.9% against the previous year. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 21% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, pig iron articles imports surged to $X in 2021. In general, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Slovenia (X tons) constituted the largest supplier of pig iron articles to Croatia, accounting for a 53% share of total imports. Moreover, pig iron articles imports from Slovenia exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Slovenia amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.5% per year) and Germany (+22.9% per year).

In value terms, the largest pig iron articles suppliers to Croatia were Germany ($X), Slovenia ($X) and Italy ($X), with a combined 92% share of total imports. These countries were followed by Ukraine, Russia, Spain and Poland, which together accounted for a further 7.5%.

Among the main suppliers, Poland, with a CAGR of +210.4%, 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 pig iron articles import price amounted to $X per ton, picking up by 64% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform