Croatia: Market for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel 2024

Market Size for Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Croatia

The Croatian market for ribbed or other deformed wire rod of non-alloy steel surged to $X in 2021, with an increase of 80% against the previous year. Over the period under review, consumption showed prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel in Croatia

In value terms, deformed non-alloy steel wire rod production rose rapidly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by 52%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Exports from Croatia

In 2021, the amount of ribbed or other deformed wire rod of non-alloy steel exported from Croatia soared to X tons, jumping by 49% against 2020. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 18,140%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, deformed non-alloy steel wire rod exports soared to $X in 2021. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 12,825% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons), Slovenia (X tons) and Hungary (X tons) were the main destinations of deformed non-alloy steel wire rod exports from Croatia, together comprising 94% of total exports. These countries were followed by Austria and Serbia, which together accounted for a further 5.6%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +203.5%), while the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Slovenia ($X) and Hungary ($X) constituted the largest markets for deformed non-alloy steel wire rod exported from Croatia worldwide, together comprising 92% of total exports. These countries were followed by Austria and Serbia, which together accounted for a further 6.8%.

In terms of the main countries of destination, Austria, with a CAGR of +237.9%, recorded 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 export price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, jumping by 62% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and Hungary ($X per ton), while the average price for exports to Slovenia ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel

Imports into Croatia

Deformed non-alloy steel wire rod imports into Croatia skyrocketed to X tons in 2021, growing by 35% on 2020 figures. Over the period under review, imports enjoyed a significant expansion. The growth pace was the most rapid in 2017 with an increase of 43%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, deformed non-alloy steel wire rod imports surged to $X in 2021. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of deformed non-alloy steel wire rod to Croatia, with a 73% share of total imports. Moreover, deformed non-alloy steel wire rod imports from Italy exceeded the figures recorded by the second-largest supplier, Austria (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+27.0% per year) and Bosnia and Herzegovina (+55.9% per year).

In value terms, Italy ($X) constituted the largest supplier of ribbed or other deformed wire rod of non-alloy steel to Croatia, comprising 74% of total imports. The second position in the ranking was taken by Austria ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+28.2% per year) and Bosnia and Herzegovina (+58.0% per year).

Import Prices by Country

The average import price for ribbed or other deformed wire rod of non-alloy steel stood at $X per ton in 2021, picking up by 64% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Austria ($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 (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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