Croatia: Market for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) 2022

Market Size for Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Croatia

The Croatian iron and steel wire market dropped markedly to $X in 2020, which is down by -X% against the previous year. Over the period under review, consumption continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Iron and steel wire consumption peaked at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Production of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel) in Croatia

In value terms, iron and steel wire production fell to $X in 2020 estimated in export prices. In general, production recorded a abrupt descent. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Iron and steel wire production peaked at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Exports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Exports from Croatia

In 2020, iron and steel wire exports from Croatia surged to X tons, increasing by X% on the year before. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. Over the period under review, exports reached the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, iron and steel wire exports skyrocketed to $X in 2020. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to see gradual growth in the immediate term.

Exports by Country

Denmark (X tons) was the main destination for iron and steel wire exports from Croatia, with a X% share of total exports. Moreover, iron and steel wire exports to Denmark exceeded the volume sent to the second major destination, Slovenia (X tons), threefold. 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 growth rate of volume to Denmark amounted to +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).

In value terms, Denmark ($X) remains the key foreign market for iron and steel wire exports from Croatia, comprising X% of total exports. The second position in the ranking was occupied by Slovenia ($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 growth rate of value to Denmark stood at +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

In 2020, the average iron and steel wire export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price, however, saw a mild decrease. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Germany ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Hungary, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wire Of Iron Or Non-Alloy Steel (Stainless Steel Or Other Alloy Steel)

Imports into Croatia

In 2020, approx. X tons of wire of iron or non-alloy steel (stainless steel or other alloy steel) were imported into Croatia; shrinking by -X% on the year before. In general, imports saw a slight descent. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, iron and steel wire imports fell to $X in 2020. Overall, imports saw a perceptible contraction. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum at $X in 2008; however, from 2009 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Italy (X tons) constituted the largest iron and steel wire supplier to Croatia, accounting for a X% share of total imports. Moreover, iron and steel wire imports from Italy exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), fivefold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Italy amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+X% per year) and Germany (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of iron and steel wire to Croatia, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Slovakia (+X% per year).

Import Prices by Country

In 2020, the average iron and steel wire import price amounted to $X per ton, approximately equating the previous year. In general, the import price recorded a mild setback. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per ton in 2008; however, from 2009 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Slovenia ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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