Croatia: Metal Self-Locking Nut Market 2025

Metal Self-Locking Nut Market Size in Croatia

After two years of decline, the Croatian metal self-locking nut market increased by 31% to $X in 2021. In general, consumption saw a tangible expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Metal Self-Locking Nut Production in Croatia

In value terms, metal self-locking nut production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of 68% against the previous year. Metal self-locking nut production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Metal Self-Locking Nut Exports

Exports from Croatia

In 2021, approx. X tons of iron or steel nuts (including self-locking nuts) were exported from Croatia; dropping by -27.4% against the previous year. Overall, exports recorded a slight setback. The pace of growth was the most pronounced in 2014 when exports increased by 21%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, metal self-locking nut exports soared to $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 25%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tons), Slovenia (X tons) and Bulgaria (X tons) were the main destinations of metal self-locking nut exports from Croatia, together comprising 58% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +81.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal self-locking nut exported from Croatia were Serbia ($X), Germany ($X) and Slovenia ($X), with a combined 48% share of total exports. These countries were followed by Bosnia and Herzegovina, Bulgaria, France and Romania, which together accounted for a further 26%.

Romania, with a CAGR of +65.1%, recorded the highest rates of growth with regard to 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 metal self-locking nut export price stood at $X per ton in 2021, growing by 60% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Romania ($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 (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Locking Nut Imports

Imports into Croatia

In 2021, purchases abroad of iron or steel nuts (including self-locking nuts) was finally on the rise to reach X tons after two years of decline. Overall, imports, however, showed a mild contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 21% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, metal self-locking nut imports surged to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 32%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and Austria (X tons) were the main suppliers of metal self-locking nut imports to Croatia, together accounting for 76% of total imports. Italy, Taiwan (Chinese), the Czech Republic, France, Slovenia and Spain lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +27.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of iron or steel nuts (including self-locking nuts) to Croatia, comprising 43% of total imports. The second position in the ranking was held by Austria ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +22.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+25.6% per year) and China (-9.8% per year).

Import Prices by Country

In 2021, the average metal self-locking nut import price amounted to $X per ton, picking up by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +6.7%. The growth pace was the most rapid in 2013 an increase of 44% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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