Croatia: Metal Washer Market 2024

Metal Washer Market Size in Croatia

The Croatian metal washer market amounted to $X in 2021, increasing by 5.3% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.9% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Metal Washer Production in Croatia

In value terms, metal washer production rose sharply to $X in 2021 estimated in export price. In general, production, however, recorded a sharp contraction. The growth pace was the most rapid in 2017 with an increase of 18,790%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Metal Washer Exports

Exports from Croatia

In 2021, shipments abroad of iron or steel washers was finally on the rise to reach X tons after five years of decline. In general, exports, however, recorded a deep slump. The growth pace was the most rapid in 2015 with an increase of 39% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal washer exports soared to $X in 2021. Over the period under review, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -23.5% against 2018 indices. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Serbia (X tons), Bulgaria (X tons) and Germany (X tons) were the main destinations of metal washer exports from Croatia, with a combined 47% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +149.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Germany ($X) and Serbia ($X) constituted the largest markets for metal washer exported from Croatia worldwide, with a combined 50% share of total exports. These countries were followed by Slovenia, Bulgaria, Italy, Bosnia and Herzegovina and Romania, which together accounted for a further 28%.

Bulgaria, with a CAGR of +140.8%, recorded the highest growth rate of the value of exports, in terms of 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 washer export price stood at $X per ton in 2021, picking up by 36% against the previous year. Overall, the export price enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 93%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

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 Austria ($X per ton), while the average price for exports to Bulgaria ($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 Greece (+28.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Washer Imports

Imports into Croatia

In 2021, metal washer imports into Croatia reduced to X tons, declining by -9.6% against 2020 figures. Over the period under review, imports recorded a noticeable slump. The pace of growth was the most pronounced in 2013 when imports increased by 101%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, metal washer imports skyrocketed to $X in 2021. Overall, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 39%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Slovenia (X tons) and China (X tons) were the main suppliers of metal washer imports to Croatia, with a combined 58% share of total imports. Italy, Austria, Malta, the Czech Republic and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Malta (with a CAGR of +172.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal washer suppliers to Croatia were Germany ($X), Italy ($X) and Slovenia ($X), with a combined 60% share of total imports. Austria, China, the Czech Republic, Bosnia and Herzegovina and Malta lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, Malta, with a CAGR of +140.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal washer import price stood at $X per ton in 2021, growing by 32% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, metal washer import price increased by +38.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 118% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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