Croatia: Pressure-Reducing Iron Valve Market 2024

Pressure-Reducing Iron Valve Market Size in Croatia

The Croatian pressure-reducing iron valve market shrank to $X in 2022, reducing by -14.8% against the previous year. Over the period under review, consumption saw a deep setback. Pressure-reducing iron valve consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Pressure-Reducing Iron Valve Production in Croatia

In value terms, pressure-reducing iron valve production dropped to $X in 2022 estimated in export price. In general, production recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Pressure-reducing iron valve production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Pressure-Reducing Iron Valve Exports

Exports from Croatia

In 2022, shipments abroad of pressure-reducing, control, check and safety valves increased by 21% to X units, rising for the third consecutive year after two years of decline. In general, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.4% against 2019 indices. The pace of growth was the most pronounced in 2013 when exports increased by 42% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, pressure-reducing iron valve exports rose notably to $X in 2022. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.7% against 2019 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 42%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Turkey (X units), Italy (X units) and Germany (X units) were the main destinations of pressure-reducing iron valve exports from Croatia, with a combined 54% share of total exports. The UK, France, Spain, Bosnia and Herzegovina, Serbia, the Netherlands, Denmark, Poland, the Czech Republic and Belgium lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +23.3%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for pressure-reducing iron valve exported from Croatia worldwide, with a combined 46% share of total exports. Germany, the UK, France, Serbia, Spain, the Netherlands, Denmark, Poland, Belgium and the Czech Republic lagged somewhat behind, together comprising a further 44%.

In terms of the main countries of destination, Serbia, with a CAGR of +24.6%, 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 more modest paces of growth.

Export Prices by Country

The average pressure-reducing iron valve export price stood at $X per unit in 2022, waning by -6.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 26%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pressure-Reducing Iron Valve Imports

Imports into Croatia

Pressure-reducing iron valve imports into Croatia declined to X units in 2022, waning by -9% against the year before. In general, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.2% 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 +19.3% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 31%. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, pressure-reducing iron valve imports totaled $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Italy (X units), Germany (X units) and Slovenia (X units) were the main suppliers of pressure-reducing iron valve imports to Croatia, with a combined 68% share of total imports. Hungary, Denmark, Austria, the Netherlands, Poland and Turkey lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +27.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Slovenia ($X) constituted the largest pressure-reducing iron valve suppliers to Croatia, with a combined 72% share of total imports. Hungary, Austria, Denmark, Poland, the Netherlands and Turkey lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Poland, with a CAGR of +25.7%, 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 2022, the average pressure-reducing iron valve import price amounted to $X per unit, picking up by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2015 an increase of 22%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform