Croatia: Explosives Market 2022

Explosives Market Size in Croatia

The Croatian explosives market fell to $X in 2021, reducing by -X% against the previous year. Over the period under review, consumption, however, continues to indicate a strong expansion. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Explosives Production in Croatia

In value terms, explosives production declined to $X in 2021 estimated in export price. In general, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Explosives production peaked at $X in 2020, and then dropped in the following year.

Explosives Exports

Exports from Croatia

In 2021, approx. X tons of prepared explosives were exported from Croatia; growing by X% compared with 2020 figures. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, explosives exports surged to $X in 2021. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Serbia (X tons) was the main destination for explosives exports from Croatia, accounting for a X% share of total exports. Moreover, explosives exports to Serbia exceeded the volume sent to the second major destination, Slovenia (X tons), fourfold. The third position in this ranking was held by Bosnia and Herzegovina (X tons), with a X% share.

From 2013 to 2021, the average annual rate of growth in terms of volume to Serbia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+X% per year) and Bosnia and Herzegovina (+X% per year).

In value terms, Serbia ($X) emerged as the key foreign market for explosives exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with an X% share of total exports. It was followed by Slovenia, with a X% share.

From 2013 to 2021, the average annual growth rate of value to Serbia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+X% per year) and Slovenia (+X% per year).

Export Prices by Country

The average explosives export price stood at $X per ton in 2021, shrinking by -X% against the previous year. Over the period under review, export price indicated resilient growth from 2013 to 2021: its price increased at an average annual rate of +X% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, explosives export price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2013 to 2021, 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.

Explosives Imports

Imports into Croatia

For the fourth year in a row, Croatia recorded growth in purchases abroad of prepared explosives, which increased by X% to X tons in 2021. Overall, imports showed a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, explosives imports skyrocketed to $X in 2021. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest explosives supplier to Croatia, accounting for a X% share of total imports. Moreover, explosives imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. The third position in this ranking was taken by Bosnia and Herzegovina (X tons), with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Bosnia and Herzegovina (-X% per year).

In value terms, Italy ($X) constituted the largest supplier of explosives to Croatia, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Romania (+X% per year).

Import Prices by Country

The average explosives import price stood at $X per ton in 2021, dropping by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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