Croatia: Pig Iron Market Overview 2021

Pig Iron Market Size in Croatia

In 2020, the Croatian pig iron market decreased by -X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed buoyant growth. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. From 2012 to 2020, the growth of the market failed to regain the momentum.

Pig Iron Exports

Exports from Croatia

Pig iron exports from Croatia soared to X tonnes in 2020, rising by X% on the year before. In general, exports continue to indicate resilient growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pig iron exports soared to $X in 2020. Overall, exports saw strong growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tonnes) was the main destination for pig iron exports from Croatia, with a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at +X%.

In value terms, Bosnia and Herzegovina ($X) also remains the key foreign market for pig iron exports from Croatia.

From 2007 to 2020, the average annual growth rate of value to Bosnia and Herzegovina amounted to +X%.

Export Prices by Country

The average pig iron export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. Overall, export price indicated tangible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, pig iron export price decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2010 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2017; however, from 2018 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.

From 2007 to 2020, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to -X% per year.

Pig Iron Imports

Imports into Croatia

Pig iron imports into Croatia dropped to X tonnes in 2020, falling by -X% on the year before. In general, imports, however, saw noticeable growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Imports peaked at X tonnes in 2015; however, from 2016 to 2020, imports remained at a lower figure.

In value terms, pig iron imports shrank notably to $X in 2020. Overall, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, imports reached the peak of $X. From 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

Italy (X tonnes), Slovakia (X tonnes) and Poland (X tonnes) were the main suppliers of pig iron imports to Croatia, with a combined X% share of total imports.

From 2007 to 2020, the biggest increases were in Poland (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pig iron suppliers to Croatia were Italy ($X), Slovakia ($X) and Poland ($X), together comprising X% of total imports.

Poland saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average pig iron import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, import price indicated a modest expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, pig iron import price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the countries with the highest prices were South Africa ($X per tonne) and Poland ($X per tonne), while the price for Italy ($X per tonne) and Slovakia ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform