Croatia: Expanded Metal Market 2024

Expanded Metal Market Size in Croatia

In 2022, the Croatian expanded metal market was finally on the rise to reach $X after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Expanded Metal Production in Croatia

In value terms, expanded metal production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, saw a slight setback. The most prominent rate of growth was recorded in 2015 with an increase of 37%. Expanded metal production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Expanded Metal Exports

Exports from Croatia

Expanded metal exports from Croatia skyrocketed to X tons in 2022, picking up by 240% against 2021. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by 9,273% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, expanded metal exports soared to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 13,688% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Italy (X tons), France (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of expanded metal exports from Croatia, with a combined 78% share of total exports. Sweden, Germany, Spain and Slovenia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +33.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for expanded metal exported from Croatia were France ($X), Italy ($X) and Spain ($X), with a combined 66% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +32.6%, 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 2022, the average expanded metal export price amounted to $X per ton, jumping by 227% against the previous year. Overall, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 678% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Metal Imports

Imports into Croatia

In 2022, overseas purchases of iron or steel expanded metal decreased by -22.7% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by 140% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, expanded metal imports contracted to $X in 2022. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 147%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons), Greece (X tons) and Slovenia (X tons) were the main suppliers of expanded metal imports to Croatia, together accounting for 63% of total imports. Hungary, Spain, Italy, Austria and the Czech Republic lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +38.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest expanded metal suppliers to Croatia were Greece ($X), Germany ($X) and Italy ($X), together comprising 66% of total imports. Slovenia, Austria, Hungary, Spain and the Czech Republic lagged somewhat behind, together accounting for a further 28%.

Slovenia, with a CAGR of +41.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average expanded metal import price stood at $X per ton in 2022, with an increase of 29% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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