Croatia: Market for Flat Cold-Rolled Steel in Coils 2024

Market Size for Flat Cold-Rolled Steel in Coils in Croatia

In 2023, the Croatian flat cold-rolled steel coils market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, enjoyed moderate growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Exports of Flat Cold-Rolled Steel in Coils

Exports from Croatia

In 2023, approx. X tons of flat cold-rolled steel in coils were exported from Croatia; jumping by X% compared with the previous year's figure. Overall, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, flat cold-rolled steel coils exports skyrocketed to $X in 2023. In general, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Serbia (X tons), Italy (X tons) and Slovenia (X tons) were the main destinations of flat cold-rolled steel coils exports from Croatia, together comprising X% of total exports. Bosnia and Herzegovina, the Netherlands and Germany lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Italy ($X) and Slovenia ($X) constituted the largest markets for flat cold-rolled steel coils exported from Croatia worldwide, with a combined X% share of total exports. Bosnia and Herzegovina, the Netherlands and Germany lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average flat cold-rolled steel coils export price stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price, however, showed slight growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat Cold-Rolled Steel in Coils

Imports into Croatia

In 2023, supplies from abroad of flat cold-rolled steel in coils decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, flat cold-rolled steel coils imports shrank notably to $X in 2023. In general, imports, however, continue to indicate noticeable growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Italy (X tons) constituted the largest flat cold-rolled steel coils supplier to Croatia, accounting for a X% share of total imports. Moreover, flat cold-rolled steel coils imports from Italy exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), tenfold. Slovenia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Slovenia (X% per year).

In value terms, Italy ($X) constituted the largest supplier of flat cold-rolled steel in coils to Croatia, comprising X% of total imports. The second position in the ranking was held by Slovakia ($X), with a X% share of total imports. It was followed by Slovenia, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Slovenia (X% per year).

Import Prices by Country

In 2023, the average flat cold-rolled steel coils import price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2022, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform