Croatia: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Croatia

The Croatian worked flat glass market reached $X in 2021, growing by 4% against the previous year. In general, consumption, however, continues to indicate prominent growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Worked Flat Glass Production in Croatia

In value terms, worked flat glass production contracted to $X in 2021 estimated in export price. Overall, production saw significant growth. The growth pace was the most rapid in 2015 with an increase of 4,599% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Worked Flat Glass Exports

Exports from Croatia

In 2021, shipments abroad of worked flat glass decreased by -7% to X tons, falling for the third consecutive year after three years of growth. Overall, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2013 with an increase of 1,015%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, worked flat glass exports skyrocketed to $X in 2021. In general, exports, however, posted a measured increase. The most prominent rate of growth was recorded in 2013 when exports increased by 728% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for worked flat glass exports from Croatia, with a 50% share of total exports. Moreover, worked flat glass exports to Germany exceeded the volume sent to the second major destination, Romania (X tons), fourfold. Slovenia (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +36.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+73.3% per year) and Slovenia (-11.9% per year).

In value terms, Germany ($X) remains the key foreign market for worked flat glass exports from Croatia, comprising 65% of total exports. The second position in the ranking was held by Romania ($X), with an 11% share of total exports. It was followed by France, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+71.4% per year) and France (+15.7% per year).

Export Prices by Country

The average worked flat glass export price stood at $X per ton in 2021, growing by 37% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 86%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Switzerland ($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 Slovakia (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Flat Glass Imports

Imports into Croatia

In 2021, overseas purchases of worked flat glass decreased by -2.5% to X tons, falling for the third consecutive year after five years of growth. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 19% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, worked flat glass imports totaled $X in 2021. In general, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.1% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 21%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X tons), Hungary (X tons) and Belgium (X tons) were the main suppliers of worked flat glass imports to Croatia, together accounting for 63% of total imports. These countries were followed by Germany, Bosnia and Herzegovina, Slovenia, Italy and Spain, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +32.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of worked flat glass to Croatia, comprising 47% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 9.2% share of total imports. It was followed by Hungary, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+7.6% per year) and Hungary (-1.1% per year).

Import Prices by Country

The average worked flat glass import price stood at $X per ton in 2021, rising by 7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 20%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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 ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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