Croatia: Market for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles 2024

Market Size for Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Croatia

After two years of decline, the Croatian market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 85% to $X in 2021. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles in Croatia

In value terms, production of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles surged to $X in 2021 estimated in export price. Overall, production recorded a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Exports from Croatia

In 2021, overseas shipments of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 17% to X tons, rising for the third year in a row after four years of decline. In general, exports posted a tangible expansion. The pace of growth was the most pronounced in 2019 when exports increased by 105% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles skyrocketed to $X in 2021. Overall, exports showed a perceptible increase. The pace of growth was the most pronounced in 2013 when exports increased by 1,639%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles from Croatia, accounting for a 64% share of total exports. Moreover, exports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was held by Belgium (X tons), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+147.9% per year) and Belgium (+6.4% per year).

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles exports from Croatia, comprising 53% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by Belgium, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+122.7% per year) and Belgium (-1.1% per year).

Export Prices by Country

The average export price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 1,398%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 the Czech Republic (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glass Fibre Filaments, Rovings, Chopped Strands, and Staple Glass Fibre Articles

Imports into Croatia

In 2021, supplies from abroad of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles increased by 54% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles soared to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, 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

Slovakia (X tons), Belgium (X tons) and Romania (X tons) were the main suppliers of imports of glass fibre filaments, rovings, chopped strands, and staple glass fibre articles to Croatia, with a combined 86% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +183.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Slovakia ($X) and Romania ($X) appeared to be the largest glass fibre filament, roving, and staple glass fibre article suppliers to Croatia, with a combined 85% share of total imports.

Among the main suppliers, Romania, with a CAGR of +190.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for glass fibre filaments, rovings, chopped strands, and staple glass fibre articles stood at $X per ton in 2021, picking up by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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