Croatia: Market for Iron or Steel Leaf-Springs and Leaves 2025

Market Size for Iron or Steel Leaf-Springs and Leaves in Croatia

The Croatian iron or steel leaf-spring market shrank rapidly to $X in 2022, dropping by -24.6% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +16.9% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted dramatically in the following year.

Production of Iron or Steel Leaf-Springs and Leaves in Croatia

In value terms, iron or steel leaf-spring production surged to $X in 2022 estimated in export price. Overall, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 43,269% against the previous year. Iron or steel leaf-spring production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Iron or Steel Leaf-Springs and Leaves

Exports from Croatia

In 2022, overseas shipments of iron or steel leaf-springs and leaves increased by 44% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron or steel leaf-spring exports soared to $X in 2022. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 54% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons), Bosnia and Herzegovina (X tons) and Austria (X tons) were the main destinations of iron or steel leaf-spring exports from Croatia, together comprising 70% of total exports. Slovenia, Poland, Italy and the Czech Republic lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +59.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for iron or steel leaf-springs and leaves exports from Croatia, comprising 43% of total exports. The second position in the ranking was held by Slovenia ($X), with a 14% share of total exports. It was followed by Bosnia and Herzegovina, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+7.8% per year) and Bosnia and Herzegovina (+9.9% per year).

Export Prices by Country

In 2022, the average iron or steel leaf-spring export price amounted to $X per ton, declining by -18.5% against the previous year. Overall, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 22%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Poland ($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 Italy (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Iron or Steel Leaf-Springs and Leaves

Imports into Croatia

Iron or steel leaf-spring imports into Croatia expanded notably to X tons in 2022, surging by 7.9% compared with the previous year. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.8% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, iron or steel leaf-spring imports skyrocketed to $X in 2022. Overall, imports recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of iron or steel leaf-spring to Croatia, accounting for a 44% share of total imports. Moreover, iron or steel leaf-spring imports from Poland exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Italy (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +62.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+0.6% per year) and Italy (+13.8% per year).

In value terms, Poland ($X), Germany ($X) and Italy ($X) constituted the largest iron or steel leaf-spring suppliers to Croatia, with a combined 68% share of total imports. Turkey, Hungary, Serbia and Lithuania lagged somewhat behind, together comprising a further 20%.

Hungary, with a CAGR of +98.0%, saw the highest rates of growth with regard to the value of imports, among 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 iron or steel leaf-spring import price stood at $X per ton in 2022, jumping by 20% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2014 an increase of 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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