Croatia: Metal Non-Electric Bell Market 2024

Metal Non-Electric Bell Market Size in Croatia

The Croatian metal non-electric bell market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a deep setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Metal Non-Electric Bell Exports

Exports from Croatia

After two years of growth, shipments abroad of non-electric bells and gongs of base metal decreased by -25% to X tons in 2021. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 1,515%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, metal non-electric bell exports fell notably to $X in 2021. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 879%. The exports peaked at $X in 2020, and then dropped sharply in the following year.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for metal non-electric bell exports from Croatia, with a 86% share of total exports. Moreover, metal non-electric bell exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Montenegro (X kg), more than tenfold. The third position in this ranking was taken by Slovenia (X kg), with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina amounted to +37.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+11.4% per year) and Slovenia (+10.4% per year).

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for non-electric bells and gongs of base metal exports from Croatia, comprising 86% of total exports. The second position in the ranking was held by Slovenia ($X), with a 9% share of total exports. It was followed by Montenegro, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bosnia and Herzegovina stood at +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-3.7% per year) and Montenegro (+11.4% per year).

Export Prices by Country

In 2021, the average metal non-electric bell export price amounted to $X per ton, declining by -25.3% against the previous year. Overall, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 77%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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 Slovenia ($X per ton), while the average price for exports to Montenegro ($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 Montenegro (+0.0%), while the prices for the other major destinations experienced a decline.

Metal Non-Electric Bell Imports

Imports into Croatia

For the third consecutive year, Croatia recorded decline in overseas purchases of non-electric bells and gongs of base metal, which decreased by -10.3% to X tons in 2021. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 57% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, metal non-electric bell imports expanded rapidly to $X in 2021. Overall, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2016 with an increase of 39%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of metal non-electric bell imports to Croatia, with a combined 58% share of total imports. China, the Netherlands, Spain, Bulgaria, Slovenia and Serbia lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +69.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Austria ($X) and Germany ($X) constituted the largest metal non-electric bell suppliers to Croatia, together accounting for 75% of total imports. China, the Netherlands, Slovenia, Spain, Serbia and Bulgaria lagged somewhat behind, together accounting for a further 20%.

In terms of the main suppliers, Bulgaria, with a CAGR of +30.5%, saw the highest rates of growth with regard to 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

In 2021, the average metal non-electric bell import price amounted to $X per ton, growing by 22% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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