Croatia: Steel Railway Material Market 2024

Steel Railway Material Market Size in Croatia

In 2022, the Croatian steel railway material market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Steel Railway Material Production in Croatia

In value terms, steel railway material production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Steel Railway Material Exports

Exports from Croatia

In 2022, after two years of decline, there was significant growth in overseas shipments of railway or tramway track construction material of iron or steel, when their volume increased by X% to X tons. Overall, exports, however, recorded a pronounced reduction. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, steel railway material exports surged to $X in 2022. Over the period under review, exports continue to indicate a prominent expansion. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for steel railway material exports from Croatia, with a X% share of total exports. Moreover, steel railway material exports to Germany exceeded the volume sent to the second major destination, Slovenia (X tons), fourfold.

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

In value terms, Turkey ($X) emerged as the key foreign market for railway or tramway track construction material of iron or steel exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Slovenia (X% per year).

Export Prices by Country

In 2022, the average steel railway material export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price showed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

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

Steel Railway Material Imports

Imports into Croatia

In 2022, purchases abroad of railway or tramway track construction material of iron or steel decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, steel railway material imports shrank remarkably to $X in 2022. In general, imports, however, saw a mild increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Austria (X tons) and Turkey (X tons) were the main suppliers of steel railway material imports to Croatia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Austria ($X), Italy ($X) and Turkey ($X) appeared to be the largest steel railway material suppliers to Croatia, together comprising X% of total imports.

Austria, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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 2022, the average steel railway material import price amounted to $X per ton, surging by X% against the previous year. Overall, import price indicated a modest expansion 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, steel railway material import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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