Croatia: Metal Crown Cork Market 2024

Metal Crown Cork Market Size in Croatia

The Croatian metal crown cork market skyrocketed to $X in 2022, surging by X% against the previous year. Overall, consumption, however, recorded a mild reduction. Metal crown cork consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Metal Crown Cork Production in Croatia

In value terms, metal crown cork production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a dramatic setback. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Metal Crown Cork Exports

Exports from Croatia

In 2022, approx. X units of iron or steel crown corks were exported from Croatia; which is down by X% on the previous year. In general, exports saw a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal crown cork exports shrank markedly to $X in 2022. Over the period under review, exports saw a significant decrease. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for metal crown cork exports from Croatia, accounting for a X% share of total exports. Moreover, metal crown cork exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Montenegro (X units), twofold. The third position in this ranking was held by Slovenia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Slovenia (X% per year).

In value terms, the largest markets for metal crown cork exported from Croatia were Bosnia and Herzegovina ($X), Montenegro ($X) and Slovenia ($X), with a combined X% share of total exports.

Montenegro, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average metal crown cork export price amounted to $X per thousand units, growing by X% against the previous year. In general, the export price posted a resilient increase. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per thousand units in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per thousand units), while the average price for exports to North Macedonia ($X per thousand units) was amongst the lowest.

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

Metal Crown Cork Imports

Imports into Croatia

In 2022, the amount of iron or steel crown corks imported into Croatia expanded notably to X units, growing by X% compared with 2021. Overall, imports, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, metal crown cork imports soared to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Serbia (X units) constituted the largest metal crown cork supplier to Croatia, accounting for a X% share of total imports. Moreover, metal crown cork imports from Serbia exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. The third position in this ranking was held by Slovenia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Serbia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Slovenia (X% per year).

In value terms, Serbia ($X) constituted the largest supplier of iron or steel crown corks to Croatia, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Serbia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Slovenia (X% per year).

Import Prices by Country

The average metal crown cork import price stood at $X per thousand units in 2022, surging by X% against the previous year. Overall, import price indicated a noticeable 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, metal crown cork import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Slovenia ($X per thousand units) and Poland ($X per thousand units), while the price for Italy ($X per thousand units) and Serbia ($X per thousand units) were amongst the lowest.

From 2012 to 2022, 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

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