Croatia: Mineral Wool Market 2024

Mineral Wool Market Size in Croatia

The Croatian mineral wool market rose remarkably to $X in 2021, picking up by 14% against the previous year. Overall, consumption showed buoyant growth. Mineral wool consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Mineral Wool Production in Croatia

In value terms, mineral wool production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17% against the previous year. Mineral wool production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Mineral Wool Exports

Exports from Croatia

In 2021, mineral wool exports from Croatia reached X tons, with an increase of 3.1% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 15%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, mineral wool exports rose modestly to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +63.0% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of 15%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for mineral wool exports from Croatia, with a 55% share of total exports. Moreover, mineral wool exports to Italy exceeded the volume sent to the second major destination, Slovenia (X tons), fourfold. Serbia (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+9.8% per year) and Serbia (+13.5% per year).

In value terms, Italy ($X) remains the key foreign market for slag wool, rock wool and similar mineral wools and mixtures exports from Croatia, comprising 45% of total exports. The second position in the ranking was held by Slovenia ($X), with an 11% share of total exports. It was followed by France, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+9.6% per year) and France (+23.7% per year).

Export Prices by Country

The average mineral wool export price stood at $X per ton in 2021, growing by 1.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Mineral Wool Imports

Imports into Croatia

In 2021, approx. X tons of slag wool, rock wool and similar mineral wools and mixtures were imported into Croatia; increasing by 30% compared with the year before. Overall, imports saw a significant increase. The growth pace was the most rapid in 2018 when imports increased by 131%. 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, mineral wool imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 139%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X tons), Slovenia (X tons) and the Czech Republic (X tons) were the main suppliers of mineral wool imports to Croatia, with a combined 63% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +246.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mineral wool suppliers to Croatia were Slovakia ($X), Slovenia ($X) and Poland ($X), together comprising 59% of total imports.

Slovakia, with a CAGR of +234.0%, saw 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 mineral wool import price stood at $X per ton in 2021, shrinking by -8.2% against the previous year. In general, the import price recorded a mild contraction. The pace of growth appeared the most rapid in 2014 an increase of 6.8%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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