Croatia: Market for Hot-Rolled Bars In Bearing Steels 2024

Market Size for Hot-Rolled Bars In Bearing Steels in Croatia

In 2023, the Croatian hot-rolled bearing steel bar market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Overall, consumption showed a strong increase. Over the period under review, the market hit record highs at $X in 2022, and then contracted modestly in the following year.

Exports of Hot-Rolled Bars In Bearing Steels

Exports from Croatia

In 2023, after eleven years of growth, there was significant decline in overseas shipments of hot-rolled bars in bearing steels, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, hot-rolled bearing steel bar exports reduced notably to $X in 2023. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

Slovenia (X tons) was the main destination for hot-rolled bearing steel bar exports from Croatia, with a X% share of total exports. Moreover, hot-rolled bearing steel bar exports to Slovenia exceeded the volume sent to the second major destination, Serbia (X tons), twofold. Australia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Slovenia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Australia (X% per year).

In value terms, the largest markets for hot-rolled bearing steel bar exported from Croatia were Slovenia ($X), Serbia ($X) and Australia ($X), with a combined X% share of total exports. Bosnia and Herzegovina and Italy lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw 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

The average hot-rolled bearing steel bar export price stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the average export prices remained 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 Australia ($X per ton), while the average price for exports to Italy ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Hot-Rolled Bars In Bearing Steels

Imports into Croatia

In 2023, after three years of growth, there was significant decline in purchases abroad of hot-rolled bars in bearing steels, when their volume decreased by X% to X tons. Over the period under review, total imports indicated buoyant growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X tons in 2022, and then declined significantly in the following year.

In value terms, hot-rolled bearing steel bar imports plummeted to $X in 2023. In general, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at $X in 2022, and then dropped remarkably in the following year.

Imports by Country

Italy (X tons), Slovenia (X tons) and Poland (X tons) were the main suppliers of hot-rolled bearing steel bar imports to Croatia, together comprising X% of total imports. The Czech Republic, Germany, Austria and Bulgaria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled bearing steel bar suppliers to Croatia were Slovenia ($X), Italy ($X) and Poland ($X), together comprising X% of total imports. Germany, Austria, the Czech Republic and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the average hot-rolled bearing steel bar import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, hot-rolled bearing steel bar import price increased by X% against 2020 indices. 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 shrank in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform