Croatia: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Croatia

The Croatian market for granules, chippings and powder of monumental stone contracted modestly to $X in 2021, declining by -3.8% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.8% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in Croatia

In value terms, monumental stone granules and powder production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% 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 2018 with an increase of 48%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Croatia

For the third consecutive year, Croatia recorded growth in shipments abroad of granules, chippings and powder of monumental stone, which increased by 195% to X tons in 2021. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of 459% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, monumental stone granules and powder exports skyrocketed to $X in 2021. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 1,264%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Slovenia (X tons), Hungary (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of monumental stone granules and powder exports from Croatia, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +157.8%), while the other leaders experienced mixed trend patterns.

In value terms, Hungary ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for monumental stone granules and powder exported from Croatia worldwide, together comprising 83% of total exports.

Hungary, with a CAGR of +142.0%, saw 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 mixed trend patterns.

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2021, with a decrease of -6.3% against the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 278%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovenia ($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 (+41.1%).

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Croatia

In 2021, imports of granules, chippings and powder of monumental stone into Croatia surged to X tons, increasing by 91% compared with 2020 figures. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 198% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, monumental stone granules and powder imports surged to $X in 2021. Over the period under review, imports posted perceptible growth. The growth pace was the most rapid in 2016 with an increase of 130%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Austria (X tons) constituted the largest monumental stone granules and powder supplier to Croatia, with a 76% share of total imports. Moreover, monumental stone granules and powder imports from Austria exceeded the figures recorded by the second-largest supplier, Italy (X tons), ninefold. The third position in this ranking was taken by Poland (X tons), with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria totaled +32.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+15.9% per year) and Poland (+122.1% per year).

In value terms, Austria ($X), Poland ($X) and Italy ($X) appeared to be the largest monumental stone granules and powder suppliers to Croatia, together accounting for 85% of total imports.

Among the main suppliers, Poland, with a CAGR of +134.5%, 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

In 2021, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, shrinking by -31.9% against the previous year. Overall, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 62%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :