Croatia: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Croatia

The Croatian gravel and crushed stone market contracted to $X in 2021, declining by -2.8% against the previous year. Over the period under review, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Gravel And Crushed Stone in Croatia

In value terms, gravel and crushed stone production totaled $X in 2021 estimated in export price. In general, production, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of 27%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Gravel And Crushed Stone

Exports from Croatia

In 2021, shipments abroad of gravel and crushed stone increased by 23% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a strong expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 82% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, gravel and crushed stone exports soared to $X in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 96%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Slovenia (X tons), Germany (X tons) and Italy (X tons) were the main destinations of gravel and crushed stone exports from Croatia, with a combined 72% share of total exports. These countries were followed by Austria and the Netherlands, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +278.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for gravel and crushed stone exports from Croatia, comprising 55% of total exports. The second position in the ranking was taken by Austria ($X), with a 21% share of total exports. It was followed by Slovenia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +157.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+154.7% per year) and Slovenia (+11.5% per year).

Export Prices by Country

In 2021, the average gravel and crushed stone export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 84% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 (+8.9%), while the prices for the other major destinations experienced a decline.

Imports of Gravel And Crushed Stone

Imports into Croatia

In 2021, supplies from abroad of gravel and crushed stone decreased by -22.6% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 57%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, gravel and crushed stone imports reduced modestly to $X in 2021. Overall, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then contracted slightly in the following year.

Imports by Country

In 2021, Slovenia (X tons) constituted the largest supplier of gravel and crushed stone to Croatia, with a 69% share of total imports. Moreover, gravel and crushed stone imports from Slovenia exceeded the figures recorded by the second-largest supplier, Bosnia and Herzegovina (X tons), fivefold. Austria (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Slovenia amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (-2.9% per year) and Austria (+10.4% per year).

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of gravel and crushed stone to Croatia, comprising 63% of total imports. The second position in the ranking was held by Slovenia ($X), with a 16% share of total imports. It was followed by Austria, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Bosnia and Herzegovina amounted to +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+7.7% per year) and Austria (+9.0% per year).

Import Prices by Country

The average gravel and crushed stone import price stood at $X per ton in 2021, picking up by 27% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 Bosnia and Herzegovina ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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