Croatia: Steel Railway Material Market 2025

Steel Railway Material Market Size in Croatia

In 2022, the Croatian steel railway material market decreased by -58.3% to $X, falling for the second consecutive year after two years of growth. Overall, consumption, however, showed a relatively flat trend pattern. Steel railway material consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Steel Railway Material Production in Croatia

In value terms, steel railway material production contracted to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the production volume increased by 28% against the previous year. Steel railway material production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Steel Railway Material Exports

Exports from Croatia

After two years of decline, overseas shipments of railway material of steel increased by 999% to X tons in 2022. Overall, exports, however, continue to indicate a noticeable decrease. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, steel railway material exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt curtailment. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for steel railway material exports from Croatia, accounting for a 80% share of total exports. Moreover, steel railway material exports to Germany exceeded the volume sent to the second major destination, Slovenia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +8.2%.

In value terms, the largest markets for steel railway material exported from Croatia were Germany ($X) and Slovenia ($X).

Slovenia, with a CAGR of +0.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average steel railway material export price stood at $X per ton in 2022, which is down by -14.5% against the previous year. Overall, the export price saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Railway Material Imports

Imports into Croatia

In 2022, overseas purchases of railway material of steel decreased by -59.8% to X tons, falling for the second year in a row after two years of growth. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 373%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, steel railway material imports dropped sharply to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 334%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Austria (X tons) and Turkey (X tons) were the main suppliers of steel railway material imports to Croatia, together accounting for 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +20.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Austria ($X), Italy ($X) and Turkey ($X) constituted the largest steel railway material suppliers to Croatia, together comprising 77% of total imports.

In terms of the main suppliers, Austria, with a CAGR of +18.5%, 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

The average steel railway material import price stood at $X per ton in 2022, with an increase of 11% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, steel railway material import price increased by +9.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 33%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Poland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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