Croatia: Safety Glass Market 2024

Safety Glass Market Size in Croatia

The Croatian safety glass market was estimated at $X in 2022, standing approx. at the previous year. Overall, consumption, however, saw buoyant growth. Safety glass consumption peaked in 2022 and is expected to retain growth in the immediate term.

Safety Glass Production in Croatia

In value terms, safety glass production reduced to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 44% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Safety Glass Exports

Exports from Croatia

In 2022, safety glass exports from Croatia contracted markedly to X square meters, which is down by -40.8% on the previous year. In general, exports, however, saw a temperate increase. The growth pace was the most rapid in 2018 when exports increased by 234% against the previous year. Over the period under review, the exports hit record highs at X square meters in 2021, and then dropped dramatically in the following year.

In value terms, safety glass exports amounted to $X in 2022. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2018 when exports increased by 62% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X square meters) was the main destination for safety glass exports from Croatia, with a 25% share of total exports. Moreover, safety glass exports to Italy exceeded the volume sent to the second major destination, Austria (X square meters), twofold. The third position in this ranking was held by Slovenia (X square meters), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+9.0% per year) and Slovenia (+20.5% per year).

In value terms, Italy ($X), the UK ($X) and France ($X) were the largest markets for safety glass exported from Croatia worldwide, with a combined 61% share of total exports.

France, with a CAGR of +156.6%, recorded 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, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average safety glass export price amounted to $X per square meter, waning by -30.2% against the previous year. In general, the export price showed a noticeable contraction. The growth pace was the most rapid in 2017 an increase of 159% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per square meter), while the average price for exports to Austria ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Safety Glass Imports

Imports into Croatia

Safety glass imports into Croatia reduced to X square meters in 2022, declining by -11.1% against the previous year's figure. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by 483%. Over the period under review, imports hit record highs at X square meters in 2021, and then declined in the following year.

In value terms, safety glass imports rose sharply to $X in 2022. In general, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2018 with an increase of 37% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Hungary (X square meters), Poland (X square meters) and China (X square meters) were the main suppliers of safety glass imports to Croatia, together comprising 60% of total imports. Malaysia, Germany, Slovenia, Turkey, Italy, Romania, France, Belgium, the Czech Republic and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +274.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest safety glass suppliers to Croatia were Hungary ($X), Poland ($X) and Germany ($X), with a combined 51% share of total imports. China, Slovenia, Malaysia, Italy, Turkey, Bosnia and Herzegovina, Romania, the Czech Republic, France and Belgium lagged somewhat behind, together accounting for a further 37%.

Malaysia, with a CAGR of +174.8%, 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 more modest paces of growth.

Import Prices by Country

The average safety glass import price stood at $X per square meter in 2021, dropping by -3.6% against the previous year. Overall, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 298% against the previous year. As a result, import price attained the peak level of $X per square meter. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bosnia and Herzegovina ($X per square meter), while the price for Malaysia ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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