Croatia: Mould For Glass Market 2024

Mould For Glass Market Size in Croatia

In 2021, the Croatian mould for glass market increased by 27% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a resilient expansion. Mould for glass consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Mould For Glass Production in Croatia

In value terms, mould for glass production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +88.0% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 15%. Mould for glass production peaked in 2021 and is expected to retain growth in the near future.

Mould For Glass Exports

Exports from Croatia

In 2021, approx. X units of moulds for glass were exported from Croatia; surging by 1.5% on the previous year's figure. Over the period under review, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 20% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, mould for glass exports expanded significantly to $X in 2021. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 23%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units) was the main destination for mould for glass exports from Croatia, accounting for a 24% share of total exports. Moreover, mould for glass exports to the United States exceeded the volume sent to the second major destination, the UK (X units), twofold. Italy (X units) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +60.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+30.7% per year) and Italy (+12.9% per year).

In value terms, the United States ($X) remains the key foreign market for moulds for glass exports from Croatia, comprising 27% of total exports. The second position in the ranking was held by the UK ($X), with an 8.8% share of total exports. It was followed by Italy, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +56.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+29.8% per year) and Italy (+8.9% per year).

Export Prices by Country

The average mould for glass export price stood at $X per unit in 2021, surging by 11% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Turkey ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mould For Glass Imports

Imports into Croatia

Mould for glass imports into Croatia stood at X units in 2021, with an increase of 13% against the year before. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 437%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, mould for glass imports skyrocketed to $X in 2021. In general, imports posted a significant expansion. The growth pace was the most rapid in 2015 when imports increased by 61% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Italy (X units), Turkey (X units) and Romania (X units) were the main suppliers of mould for glass imports to Croatia, together accounting for 89% of total imports. These countries were followed by Slovenia, Hungary and Belgium, which together accounted for a further 8.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +338.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of moulds for glass to Croatia, comprising 50% of total imports. The second position in the ranking was taken by Romania ($X), with a 21% share of total imports. It was followed by Belgium, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey stood at +220.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+145.8% per year) and Belgium (-0.6% per year).

Import Prices by Country

The average mould for glass import price stood at $X per unit in 2021, with an increase of 40% against the previous year. In general, the import price, however, showed a abrupt decrease. The growth pace was the most rapid in 2014 when the average import price increased by 52% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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