Croatia: Pyrotechnic Articles Market 2024

Pyrotechnic Articles Market Size in Croatia

After three years of growth, the Croatian pyrotechnic articles market decreased by -1.8% to $X in 2021. Over the period under review, consumption, however, showed a deep reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Pyrotechnic Articles Production in Croatia

In value terms, pyrotechnic articles production expanded notably to $X in 2021 estimated in export price. Overall, production, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 25%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Pyrotechnic Articles Exports

Exports from Croatia

In 2021, approx. X kg of signalling flares, rain rockets, fog signals and other pyrotechnic articles were exported from Croatia; rising by 675% against the previous year's figure. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 17,170% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, pyrotechnic articles exports soared to $X in 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 21,335% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X kg) was the main destination for pyrotechnic articles exports from Croatia, with a 28% share of total exports. Moreover, pyrotechnic articles exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Turkey (X kg), threefold. Montenegro (X kg) ranked third in terms of total exports with a 9% share.

From 2013 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina amounted to +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+133.3% per year) and Montenegro (+38.9% per year).

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for signalling flares, rain rockets, fog signals and other pyrotechnic articles exports from Croatia, comprising 24% of total exports. The second position in the ranking was held by Montenegro ($X), with a 4.3% share of total exports. It was followed by Turkey, with a 4.3% share.

From 2013 to 2021, the average annual growth rate of value to Bosnia and Herzegovina totaled +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+34.9% per year) and Turkey (+123.7% per year).

Export Prices by Country

The average pyrotechnic articles export price stood at $X per ton in 2021, picking up by 91% against the previous year. Overall, the export price enjoyed a strong expansion. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+35.4%), while the prices for the other major destinations experienced mixed trend patterns.

Pyrotechnic Articles Imports

Imports into Croatia

In 2021, approx. X tons of signalling flares, rain rockets, fog signals and other pyrotechnic articles were imported into Croatia; with an increase of 15% against the previous year's figure. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 232% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, pyrotechnic articles imports reduced to $X in 2021. Overall, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2014 when imports increased by 418% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), Italy (X tons) and Montenegro (X kg) were the main suppliers of pyrotechnic articles imports to Croatia, together comprising 96% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +127.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest pyrotechnic articles suppliers to Croatia were Italy ($X), France ($X) and Montenegro ($X), with a combined 87% share of total imports.

France, with a CAGR of +54.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average pyrotechnic articles import price amounted to $X per ton, dropping by -24.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 56% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, 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 Montenegro ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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