Croatia: Glass Fiber Market 2024

Glass Fiber Market Size in Croatia

The Croatian glass fiber market soared to $X in 2021, jumping by 16% 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). Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +12.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +194.0% against 2012 indices. Glass fiber consumption peaked in 2021 and is likely to see steady growth in the near future.

Glass Fiber Exports

Exports from Croatia

Glass fiber exports from Croatia soared to X tons in 2021, growing by 28% on the previous year. In general, exports, however, showed a pronounced shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, glass fiber exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for glass fiber exports from Croatia, with a 85% share of total exports. Moreover, glass fiber exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina totaled +12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-0.6% per year) and Italy (-22.3% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for voiles, webs, mats and other articles of glass fibers exports from Croatia, comprising 72% of total exports. The second position in the ranking was held by Slovenia ($X), with a 12% share of total exports. It was followed by Italy, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-3.5% per year) and Italy (-24.4% per year).

Export Prices by Country

The average glass fiber export price stood at $X per ton in 2021, surging by 16% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 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 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 Latvia (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.

Glass Fiber Imports

Imports into Croatia

In 2021, imports of voiles, webs, mats and other articles of glass fibers into Croatia expanded markedly to X tons, with an increase of 11% compared with 2020 figures. Overall, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +94.2% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 33%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, glass fiber imports soared to $X in 2021. The total import value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Italy (X tons) and Slovenia (X tons) were the main suppliers of glass fiber imports to Croatia, together accounting for 72% of total imports. Romania, Poland, Germany and Austria lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +113.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest glass fiber suppliers to Croatia were the Czech Republic ($X), Italy ($X) and Germany ($X), together comprising 59% of total imports. Slovenia, Poland, Romania and Austria lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Romania, with a CAGR of +60.7%, saw the highest growth rate of 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 glass fiber import price stood at $X per ton in 2021, rising by 12% against the previous year. Over the period under review, the import price, however, saw a perceptible decrease. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+11.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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