Croatia: Safety Valve Market 2025

Safety Valve Market Size in Croatia

In 2021, the Croatian safety valve market increased by 84% to $X, rising for the second year in a row after four years of decline. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.7% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Safety Valve Production in Croatia

In value terms, safety valve production skyrocketed to $X in 2021 estimated in export price. Overall, production recorded a significant expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Safety Valve Exports

Exports from Croatia

In 2021, overseas shipments of safety or relief valves for pipes, boiler shells, tanks and vats increased by 66% to X units, rising for the third consecutive year after two years of decline. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 115%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, safety valve exports surged to $X in 2021. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 162% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X units) was the main destination for safety valve exports from Croatia, accounting for a 34% share of total exports. Moreover, safety valve exports to Serbia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), threefold. The third position in this ranking was held by Germany (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia totaled +33.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+20.5% per year) and Germany (-22.3% per year).

In value terms, Serbia ($X) remains the key foreign market for safety or relief valves for pipes, boiler shells, tanks and vats exports from Croatia, comprising 18% of total exports. The second position in the ranking was taken by Germany ($X), with an 8.8% share of total exports. It was followed by Slovenia, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to Serbia totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-29.3% per year) and Slovenia (+45.6% per year).

Export Prices by Country

The average safety valve export price stood at $X per unit in 2021, waning by -19.6% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2014 an increase of 70% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Serbia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.9%), while the prices for the other major destinations experienced a decline.

Safety Valve Imports

Imports into Croatia

In 2021, safety valve imports into Croatia skyrocketed to X units, growing by 71% compared with the previous year's figure. Over the period under review, imports enjoyed a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 110%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, safety valve imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Poland (X units) constituted the largest safety valve supplier to Croatia, with a 45% share of total imports. Moreover, safety valve imports from Poland exceeded the figures recorded by the second-largest supplier, Slovenia (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+21.8% per year) and Germany (+12.0% per year).

In value terms, the largest safety valve suppliers to Croatia were Germany ($X), Italy ($X) and Slovenia ($X), with a combined 50% share of total imports. These countries were followed by Austria, Poland, the United States, Turkey, Spain, Serbia and China, which together accounted for a further 30%.

Spain, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average safety valve import price amounted to $X per unit, shrinking by -16.6% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2014 when the average import price increased by 55%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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