Croatia: Market for Table, Kitchen Or Household Articles And Parts Of Stainless Steel 2024

Market Size for Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Croatia

In 2022, the Croatian stainless steel household articles market increased by 2.4% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Production of Table, Kitchen Or Household Articles And Parts Of Stainless Steel in Croatia

In value terms, stainless steel household articles production declined modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep slump. The pace of growth was the most pronounced in 2016 when the production volume increased by 12%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Exports from Croatia

After three years of growth, shipments abroad of table, kitchen or household articles and parts of stainless steel decreased by -13% to X units in 2022. Overall, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 233% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then fell in the following year.

In value terms, stainless steel household articles exports shrank to $X in 2022. In general, exports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 247%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Serbia (X units), Slovenia (X units) and Hungary (X units) were the main destinations of stainless steel household articles exports from Croatia, together comprising 52% of total exports. Belgium, Bosnia and Herzegovina, Germany and Montenegro lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +60.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stainless steel household articles exported from Croatia were Serbia ($X), Belgium ($X) and Slovenia ($X), with a combined 49% share of total exports.

In terms of the main countries of destination, Belgium, with a CAGR of +76.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average stainless steel household articles export price stood at $X per unit in 2022, increasing by 7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 56% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles And Parts Of Stainless Steel

Imports into Croatia

Stainless steel household articles imports into Croatia contracted significantly to X units in 2022, falling by -17.8% compared with 2021. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.7% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 21%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, stainless steel household articles imports rose remarkably to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.7% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 21%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Italy (X units) were the main suppliers of stainless steel household articles imports to Croatia, together accounting for 42% of total imports. Turkey, Slovenia, Poland, Slovakia, Romania, Hungary, Austria, Spain and the Netherlands lagged somewhat behind, together comprising a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +77.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest stainless steel household articles suppliers to Croatia were Italy ($X), Germany ($X) and Slovenia ($X), together accounting for 46% of total imports. China, Turkey, Slovakia, Romania, Austria, Poland, Hungary, the Netherlands and Spain lagged somewhat behind, together accounting for a further 46%.

Among the main suppliers, Slovakia, with a CAGR of +85.1%, recorded 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

In 2022, the average stainless steel household articles import price amounted to $X per unit, picking up by 30% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. 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 ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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