Croatia: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Croatia

In 2022, the Croatian cold-rolled steel products market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, showed buoyant growth. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Cold-Rolled Steel Products Exports

Exports from Croatia

For the fourth consecutive year, Croatia recorded growth in overseas shipments of flat-rolled products of iron or steel (not further worked than cold-rolled), which increased by X% to X tons in 2022. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, cold-rolled steel products exports declined slightly to $X in 2022. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Slovenia (X tons), Serbia (X tons) and Italy (X tons) were the main destinations of cold-rolled steel products exports from Croatia, with a combined X% share of total exports. Portugal, Poland, Germany, the Netherlands and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of X.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Slovenia ($X) and Italy ($X) were the largest markets for cold-rolled steel products exported from Croatia worldwide, together comprising X% of total exports. Poland, Germany, Bosnia and Herzegovina, Portugal and the Netherlands lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cold-rolled steel products export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price recorded a slight slump. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports into Croatia

In 2022, cold-rolled steel products imports into Croatia declined to X tons, which is down by X% against the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, cold-rolled steel products imports surged to $X in 2022. Overall, imports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of cold-rolled steel products to Croatia, accounting for a X% share of total imports. Moreover, cold-rolled steel products imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Serbia (X tons), with an X% share.

From 2012 to 2022, 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: Germany (X% per year) and Serbia (X% per year).

In value terms, Italy ($X), Germany ($X) and Slovenia ($X) appeared to be the largest cold-rolled steel products suppliers to Croatia, together comprising X% of total imports. Poland, Serbia, Austria, Turkey and Hungary lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cold-rolled steel products import price amounted to $X per ton, rising by X% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cold-rolled steel products import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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