Croatia: Wire And Cable Market 2024

Wire And Cable Market Size in Croatia

The Croatian wire and cable market soared to $X in 2021, jumping by 45% against the previous year. Overall, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +121.0% against 2019 indices. Wire and cable consumption peaked in 2021 and is expected to retain growth in the immediate term.

Wire And Cable Production in Croatia

In value terms, wire and cable production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced reduction. Wire and cable production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Wire And Cable Exports

Exports from Croatia

In 2021, overseas shipments of insulated wire and cable increased by 30% to X tons, rising for the seventh year in a row after two years of decline. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 34%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, wire and cable exports skyrocketed to $X in 2021. In general, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for wire and cable exports from Croatia, accounting for a 40% share of total exports. Moreover, wire and cable exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), threefold. France (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+2.1% per year) and France (+96.3% per year).

In value terms, Germany ($X) remains the key foreign market for insulated wire and cable exports from Croatia, comprising 44% of total exports. The second position in the ranking was taken by Austria ($X), with a 12% share of total exports. It was followed by France, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+3.8% per year) and France (+52.3% per year).

Export Prices by Country

The average wire and cable export price stood at $X per ton in 2021, jumping by 36% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. 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 Serbia ($X per ton), while the average price for exports to Denmark ($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 the Czech Republic (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into Croatia

Wire and cable imports into Croatia soared to X tons in 2021, increasing by 41% on the previous year's figure. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 45%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, wire and cable imports soared to $X in 2021. In general, imports enjoyed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Bosnia and Herzegovina (X tons) constituted the largest wire and cable supplier to Croatia, with a 43% share of total imports. Moreover, wire and cable imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was taken by Poland (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bosnia and Herzegovina stood at +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.3% per year) and Poland (+51.8% per year).

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of insulated wire and cable to Croatia, comprising 36% of total imports. The second position in the ranking was held by Italy ($X), with a 15% 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 totaled +35.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.0% per year) and Austria (+9.0% per year).

Import Prices by Country

In 2021, the average wire and cable import price amounted to $X per ton, growing by 20% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Serbia ($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 (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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