Croatia - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminum Price in Croatia - 2023
Contents:
- Aluminum Price in Croatia (CIF) - 2023
- Aluminum Price in Croatia (FOB) - 2023
- Aluminum Imports in Croatia
- Aluminum Exports in Croatia
Aluminum Price in Croatia (CIF) - 2023
The average aluminum import price stood at $2,689 per ton in July 2023, falling by -2.9% against the previous month. Over the period under review, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 7% against the previous month. The import price peaked at $3,122 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were the Netherlands ($2,946 per ton) and Greece ($2,895 per ton), while the price for India ($2,575 per ton) and Slovenia ($2,592 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (-0.1%), while the prices for the other major suppliers experienced a decline.
Aluminum Price in Croatia (FOB) - 2023
In July 2023, the average aluminum export price amounted to $2,203 per ton, with a decrease of -4.5% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 12% against the previous month. The export price peaked at $2,599 per ton in February 2023; however, from March 2023 to July 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Italy.
From July 2022 to July 2023, the rate of growth in terms of prices for Slovenia amounted to +1.7% per month.
Aluminum Imports in Croatia
In 2022, purchases abroad of aluminum decreased by -14.1% to 138K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. As a result, imports reached the peak of 161K tons, and then fell in the following year.
In value terms, aluminum imports rose significantly to $459M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 51%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Aluminum in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 130 | 137 | 197 | 161 | 7.4% |
| Russia | 60.6 | 60.1 | 91.6 | 79.0 | 9.2% |
| France | 20.5 | 37.5 | 46.4 | 56.5 | 40.2% |
| Netherlands | 0.5 | 0.4 | 0.2 | 41.3 | 335.5% |
| Greece | N/A | 13.3 | 38.2 | 34.7 | 61.5% |
| Germany | 2.6 | 1.5 | 10.6 | 33.2 | 133.7% |
| Italy | 14.2 | 11.4 | 12.6 | 16.5 | 5.1% |
| Bosnia and Herzegovina | 25.3 | 0.1 | N/A | 8.5 | -30.5% |
| Others | 21.9 | 17.1 | 25.0 | 27.4 | 7.8% |
| Total | 275 | 278 | 422 | 459 | 18.6% |
Top Suppliers of Aluminum to Croatia in 2022:
- Slovenia (50.5K tons)
- Russia (23.3K tons)
- France (16.4K tons)
- Netherlands (12.4K tons)
- Germany (9.4K tons)
- Greece (9.1K tons)
- Italy (5.4K tons)
- Bosnia and Herzegovina (2.2K tons)
Aluminum Exports in Croatia
In 2022, the amount of aluminum exported from Croatia skyrocketed to 2.7K tons, increasing by 65% against the previous year. In general, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 88%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, aluminum exports soared to $6.9M in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 179%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Aluminum in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 107 | N/A | 109 | 2,766 | 195.7% |
| Serbia | 1,157 | 842 | 1,531 | 1,812 | 16.1% |
| Slovenia | 846 | 336 | 712 | 1,740 | 27.2% |
| Bosnia and Herzegovina | 260 | 127 | 261 | 289 | 3.6% |
| Turkey | N/A | N/A | 996 | 160 | -83.9% |
| Others | 73.1 | 49.1 | 174 | 102 | 11.7% |
| Total | 2,444 | 1,354 | 3,783 | 6,870 | 41.1% |
Top Export Markets for Aluminum from Croatia in 2022:
- Italy (1223.7 tons)
- Serbia (632.3 tons)
- Slovenia (619.3 tons)
- Bosnia and Herzegovina (102.3 tons)
- Turkey (66.4 tons)
This report provides an in-depth analysis of the aluminum market in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
- Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)
Country coverage:
- Croatia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Croatia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the aluminum market in Croatia.
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This report provides an in-depth analysis of the aluminium market in Croatia.
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This report provides an in-depth analysis of the unwrought aluminium alloys market in Croatia.
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This report provides an in-depth analysis of the aluminium and titanium market in Croatia.
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This report provides an in-depth analysis of the global aluminum market.
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This report provides an in-depth analysis of the global aluminium market.
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This report provides an in-depth analysis of the global unwrought aluminium alloys market.
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This report provides an in-depth analysis of the global aluminium and titanium market.
473
This report provides an in-depth analysis of the aluminum market in Croatia.
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This report provides an in-depth analysis of the aluminium market in Croatia.
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Discover the top import markets for aluminum worldwide and their import values in 2022. Learn about the leading countries like the United States, Netherlands, Germany, Japan, China, and more. Find key statistics and insights on the global aluminum market.
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Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.
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Prices for aluminum this year will remain low thanks to the consistent growth in global production of the metal overcoming obstacles caused by the pandemic. In the mid-term, demand for aluminum in the construction sector and car manufacturing is forecast to steadily rise. The rapid development of alternative energy sources will also drive the market up because aluminum is used in the production of solar batteries, wind generators and other components of energy facilities. In China, the launch of quotas on greenhouse gas emissions could lead to higher prices for aluminum as production for the metal in the country leaves a heavy carbon footprint.
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