Croatia: Metal-Reinforced Rubber Hose Market 2024

Metal-Reinforced Rubber Hose Market Size in Croatia

In 2022, the Croatian metal-reinforced rubber hose market increased by 11% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Metal-Reinforced Rubber Hose Production in Croatia

In value terms, metal-reinforced rubber hose production soared to $X in 2022 estimated in export price. Overall, production saw prominent growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 28% against the previous year. Metal-reinforced rubber hose production peaked in 2022 and is likely to see steady growth in the immediate term.

Metal-Reinforced Rubber Hose Exports

Exports from Croatia

In 2022, the amount of rubber hose reinforced with metal exported from Croatia skyrocketed to X tons, jumping by 19% compared with 2021 figures. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 129% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, metal-reinforced rubber hose exports soared to $X in 2022. Over the period under review, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by 121%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Serbia (X tons), Bosnia and Herzegovina (X tons) and North Macedonia (X tons) were the main destinations of metal-reinforced rubber hose exports from Croatia, together comprising 93% of total exports. Montenegro and Poland lagged somewhat behind, together comprising a further 4.6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +146.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal-reinforced rubber hose exported from Croatia were Serbia ($X), Bosnia and Herzegovina ($X) and Poland ($X), together comprising 85% of total exports.

Poland, with a CAGR of +130.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal-reinforced rubber hose export price stood at $X per ton in 2022, rising by 2.8% against the previous year. Overall, the export price, however, saw a abrupt contraction. The growth pace was the most rapid in 2013 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

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 Poland ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 North Macedonia (-2.4%), while the prices for the other major destinations experienced a decline.

Metal-Reinforced Rubber Hose Imports

Imports into Croatia

Metal-reinforced rubber hose imports into Croatia reached X tons in 2022, surging by 7.2% against 2021. In general, total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.7% 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 +19.9% against 2013 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 93%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, metal-reinforced rubber hose imports surged to $X in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +45.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 24%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest metal-reinforced rubber hose supplier to Croatia, accounting for a 48% share of total imports. Moreover, metal-reinforced rubber hose imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.8% per year) and Italy (+0.1% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of rubber hose reinforced with metal to Croatia, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Italy, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.4% per year) and Italy (-3.3% per year).

Import Prices by Country

In 2022, the average metal-reinforced rubber hose import price amounted to $X per ton, rising by 9.8% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2014 an increase of 30% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for North Macedonia ($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 (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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