Croatia: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Croatia

In 2022, the Croatian metal solid fuel appliances market increased by 79% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate resilient growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Croatia

In value terms, metal solid fuel appliances production soared to $X in 2022 estimated in export price. Overall, production recorded buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 106%. Metal solid fuel appliances production peaked in 2022 and is expected to retain growth in the near future.

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Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Croatia

In 2022, shipments abroad of iron or steel solid fuel domestic appliances decreased by -11.4% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 70% against the previous year. As a result, the exports attained the peak of X units, and then declined in the following year.

In value terms, metal solid fuel appliances exports surged to $X in 2022. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 66%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Germany (X units), Italy (X units) and the Czech Republic (X units) were the main destinations of metal solid fuel appliances exports from Croatia, together accounting for 49% of total exports. France, Switzerland, Slovenia, Ukraine, Poland, Sweden, Bosnia and Herzegovina, Norway, Russia and Serbia lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +139.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal solid fuel appliances exported from Croatia were Germany ($X), Italy ($X) and France ($X), together comprising 61% of total exports. Switzerland, Norway, Bosnia and Herzegovina, Slovenia, Poland, Ukraine, the Czech Republic, Serbia, Russia and Sweden lagged somewhat behind, together comprising a further 27%.

Ukraine, with a CAGR of +106.3%, 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 more modest paces of growth.

Export Prices by Country

The average metal solid fuel appliances export price stood at $X per unit in 2022, jumping by 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Croatia

Metal solid fuel appliances imports into Croatia fell to X units in 2022, which is down by -9.8% against the year before. Overall, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 46%. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, metal solid fuel appliances imports shrank to $X in 2022. In general, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 52%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Serbia (X units), China (X units) and Slovenia (X units) were the main suppliers of metal solid fuel appliances imports to Croatia, together comprising 67% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +18.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal solid fuel appliances suppliers to Croatia were Serbia ($X), Italy ($X) and Bosnia and Herzegovina ($X), with a combined 73% share of total imports. Slovenia, Bulgaria, China, Germany, North Macedonia and the Netherlands lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, the Netherlands, with a CAGR of +22.4%, saw 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

The average metal solid fuel appliances import price stood at $X per unit in 2022, shrinking by -5.5% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the average import price increased by 33%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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