Croatia: Other Agglomerates Market 2024

Other Agglomerates Market Size in Croatia

In 2022, the Croatian other agglomerates market decreased by -12.9% to $X, falling for the third consecutive year after six years of growth. Over the period under review, consumption, however, showed strong growth. Other agglomerates consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Other Agglomerates Production in Croatia

In value terms, other agglomerates production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 128%. Other agglomerates production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Other Agglomerates Exports

Exports from Croatia

In 2022, the amount of other agglomerates exported from Croatia shrank significantly to X tons, with a decrease of -49% against the previous year. In general, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2014 with an increase of 42%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, other agglomerates exports shrank significantly to $X in 2022. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 44%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), Slovenia (X tons) and Italy (X tons) were the main destinations of other agglomerates exports from Croatia, with a combined 94% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +9.1%), while the other leaders experienced a decline.

In value terms, Germany ($X), Italy ($X) and Slovenia ($X) constituted the largest markets for other agglomerates exported from Croatia worldwide, with a combined 92% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +7.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average other agglomerates export price amounted to $X per ton, rising by 21% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 67% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Slovenia ($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 (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Other Agglomerates Imports

Imports into Croatia

In 2022, supplies from abroad of other agglomerates decreased by -76.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports faced a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 35%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, other agglomerates imports shrank notably to $X in 2022. Over the period under review, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 39%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Bosnia and Herzegovina (X tons) constituted the largest supplier of other agglomerates to Croatia, with a 42% share of total imports. Moreover, other agglomerates imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. The third position in this ranking was taken by Austria (X tons), with an 18% share.

From 2012 to 2022, the average annual growth rate of volume from Bosnia and Herzegovina totaled -24.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+196.0% per year) and Austria (-7.4% per year).

In value terms, Bosnia and Herzegovina ($X), Austria ($X) and Hungary ($X) were the largest other agglomerates suppliers to Croatia, together comprising 71% of total imports.

Hungary, with a CAGR of +161.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average other agglomerates import price amounted to $X per ton, increasing by 88% against the previous year. Overall, the import price enjoyed buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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