Croatia: Unwrought Aluminium Alloys Market 2021

Unwrought Aluminium Alloys Market Size in Croatia

The Croatian unwrought aluminium alloys market expanded notably to $X in 2020, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs in 2020 and is expected to retain growth in years to come.

Unwrought Aluminium Alloys Exports

Exports from Croatia

In 2020, after three years of growth, there was significant decline in shipments abroad of unwrought aluminium alloys, when their volume decreased by -X% to X tons. Over the period under review, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. Exports peaked at X tons in 2019, and then declined remarkably in the following year.

In value terms, unwrought aluminium alloys exports contracted rapidly to $X in 2020. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2019, and then dropped remarkably in the following year.

Exports by Country

Serbia (X tons) was the main destination for unwrought aluminium alloys exports from Croatia, with a X% share of total exports. Moreover, unwrought aluminium alloys exports to Serbia exceeded the volume sent to the second major destination, Slovenia (X tons), twofold. The third position in this ranking was occupied by Bosnia and Herzegovina (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Serbia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-X% per year) and Bosnia and Herzegovina (+X% per year).

In value terms, Serbia ($X) remains the key foreign market for unwrought aluminium alloys exports from Croatia, comprising X% of total exports. The second position in the ranking was occupied by Slovenia ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Serbia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-X% per year) and Bosnia and Herzegovina (+X% per year).

Export Prices by Country

The average unwrought aluminium alloys export price stood at $X per ton in 2020, approximately equating the previous year. Overall, the export price showed a pronounced decline. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2012 to 2020, the growth in terms of the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2020, the highest prices were recorded for prices to Bosnia and Herzegovina ($X per ton) and Albania ($X per ton), while the average price for exports to Slovenia ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina, while the prices for the other major destinations experienced a decline.

Unwrought Aluminium Alloys Imports

Imports into Croatia

For the fifth year in a row, Croatia recorded growth in overseas purchases of unwrought aluminium alloys, which increased by X% to X tons in 2020. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, unwrought aluminium alloys imports rose modestly to $X in 2020. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, Slovenia (X tons) constituted the largest supplier of unwrought aluminium alloys to Croatia, with a X% share of total imports. Moreover, unwrought aluminium alloys imports from Slovenia exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Slovenia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Italy (+X% per year).

In value terms, Slovenia ($X) constituted the largest supplier of unwrought aluminium alloys to Croatia, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Greece, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Slovenia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Greece (+X% per year).

Import Prices by Country

The average unwrought aluminium alloys import price stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2010 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2020, the highest prices were recorded for prices from Greece ($X per ton) and France ($X per ton), while the price for the Czech Republic ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Greece, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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