Croatia: Waferboard Market 2024

Waferboard Market Size in Croatia

In 2021, the Croatian waferboard market decreased by -21.6% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Waferboard Production in Croatia

In value terms, waferboard production contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 19%. Over the period under review, production hit record highs at $X in 2020, and then shrank in the following year.

Waferboard Exports

Exports by Country

Bosnia and Herzegovina (X cubic meters) was the main destination for waferboard exports from Croatia, with a 37% share of total exports. Moreover, waferboard exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Austria (X cubic meters), twofold. The third position in this ranking was taken by Italy (X cubic meters), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina stood at +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+20.7% per year) and Italy (+22.2% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for waferboards exports from Croatia, comprising 38% of total exports. The second position in the ranking was held by Austria ($X), with a 17% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bosnia and Herzegovina amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+23.0% per year) and Italy (+29.4% per year).

Export Prices by Country

The average waferboard export price stood at $X per cubic meter in 2021, growing by 43% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Slovenia ($X per cubic meter) and Bosnia and Herzegovina ($X per cubic meter), while the average price for exports to Serbia ($X per cubic meter) and Italy ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Waferboard Imports

Imports into Croatia

After two years of decline, purchases abroad of waferboards increased by 4.2% to X cubic meters in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% 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 decreased by -5.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 with an increase of 41%. Over the period under review, imports attained the peak figure at X cubic meters in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, waferboard imports skyrocketed to $X in 2021. Overall, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 25%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Austria (X cubic meters) constituted the largest waferboard supplier to Croatia, accounting for a 56% share of total imports. Moreover, waferboard imports from Austria exceeded the figures recorded by the second-largest supplier, Hungary (X cubic meters), threefold. Italy (X cubic meters) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+14.0% per year) and Italy (+10.9% per year).

In value terms, Austria ($X) constituted the largest supplier of waferboards to Croatia, comprising 57% of total imports. The second position in the ranking was held by Hungary ($X), with a 15% share of total imports. It was followed by Italy, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Austria totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+15.0% per year) and Italy (+8.1% per year).

Import Prices by Country

The average waferboard import price stood at $X per cubic meter in 2021, rising by 19% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per cubic meter in 2014; however, from 2015 to 2021, 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 ($X per cubic meter), while the price for Ukraine ($X per cubic meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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