Croatia: Market for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates 2024

Market Size for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Croatia

The Croatian market for gravel, pebbles and crushed stone for concrete and road aggregates shrank modestly to $X in 2021, remaining stable against the previous year. Overall, consumption faced a drastic downturn. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Croatia

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a precipitous decrease. Production of peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Exports from Croatia

In 2021, overseas shipments of gravel, pebbles and crushed stone for concrete and road aggregates increased by 15% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 67% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021. Overall, exports posted a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by 58% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Slovenia (X tons), Italy (X tons) and the Netherlands (X tons) were the main destinations of exports of gravel, pebbles and crushed stone for concrete and road aggregates from Croatia, with a combined 93% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +554.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for gravel, pebbles and crushed stone for concrete and road aggregates exported from Croatia were Slovenia ($X), the Netherlands ($X) and Italy ($X), with a combined 91% share of total exports.

The Netherlands, with a CAGR of +374.8%, recorded the highest growth rate of the value of exports, among 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

The average export price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, rising by 14% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for gravel, pebbles and crushed stone for concrete and road aggregates increased by +108.2% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 29% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($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 Italy (-0.0%), while the prices for the other major destinations experienced a decline.

Imports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Imports into Croatia

Imports of gravel, pebbles and crushed stone for concrete and road aggregates into Croatia declined markedly to X tons in 2021, dropping by -37.9% on the previous year's figure. In general, imports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 99% against the previous year. As a result, imports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates dropped modestly to $X in 2021. Over the period under review, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 64% against the previous year. Over the period under review, imports of reached the maximum at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, Slovenia (X tons) constituted the largest gravel, pebbles and crushed stone for concrete and road aggregates supplier to Croatia, accounting for a 76% share of total imports. Moreover, imports of gravel, pebbles and crushed stone for concrete and road aggregates from Slovenia exceeded the figures recorded by the second-largest supplier, Bosnia and Herzegovina (X tons), fourfold. Serbia (X tons) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovenia amounted to +128.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (-8.4% per year) and Serbia (-9.9% per year).

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Croatia, comprising 80% of total imports. The second position in the ranking was held by Slovenia ($X), with a 17% share of total imports. It was followed by Austria, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Bosnia and Herzegovina amounted to +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+122.5% per year) and Austria (+25.6% per year).

Import Prices by Country

The average import price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, with an increase of 58% against the previous year. In general, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for gravel, pebbles and crushed stone for concrete and road aggregates decreased by -13.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 62%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a 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 (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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