Croatia: Metal Self-Tapping Screw Market 2024

Metal Self-Tapping Screw Market Size in Croatia

In 2022, the Croatian metal self-tapping screw market increased by 21% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed a resilient increase. Metal self-tapping screw consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Metal Self-Tapping Screw Exports

Exports from Croatia

In 2022, shipments abroad of iron or steel self-tapping screws decreased by -0.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 150%. The exports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, metal self-tapping screw exports rose slightly to $X in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 104% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Slovenia (X tons) was the main destination for metal self-tapping screw exports from Croatia, with a 47% share of total exports. Moreover, metal self-tapping screw exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), twofold. Serbia (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia totaled +42.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+20.8% per year) and Serbia (+3.5% per year).

In value terms, the largest markets for metal self-tapping screw exported from Croatia were Slovenia ($X), Bosnia and Herzegovina ($X) and Serbia ($X), with a combined 77% share of total exports. Austria, Montenegro, Italy and Hungary lagged somewhat behind, together accounting for a further 21%.

In terms of the main countries of destination, Austria, with a CAGR of +75.2%, saw the highest growth rate of 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 metal self-tapping screw export price amounted to $X per ton, surging by 5.1% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal self-tapping screw export price increased by +91.6% against 2014 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 41% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Hungary ($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 Hungary (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Tapping Screw Imports

Imports into Croatia

In 2022, overseas purchases of iron or steel self-tapping screws increased by 9.3% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% 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 +17.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 17%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, metal self-tapping screw imports soared to $X in 2022. Over the period under review, imports posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 32%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest metal self-tapping screw supplier to Croatia, accounting for a 38% share of total imports. Moreover, metal self-tapping screw imports from Germany exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-3.4% per year) and Poland (+19.2% per year).

In value terms, Germany ($X) constituted the largest supplier of iron or steel self-tapping screws to Croatia, comprising 38% of total imports. The second position in the ranking was taken by Austria ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +21.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+31.2% per year) and Taiwan (Chinese) (-2.8% per year).

Import Prices by Country

The average metal self-tapping screw import price stood at $X per ton in 2022, growing by 10% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal self-tapping screw import price increased by +35.4% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 23%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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