Croatia: Overview of the Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2021

Market Size for Railway Or Tramway Track Construction Material Of Iron Or Steel in Croatia

The Croatian market for railway or tramway track construction material of iron or steel was finally on the rise to reach $X in 2020, after five years of decline. In general, consumption recorded a measured increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Railway Or Tramway Track Construction Material Of Iron Or Steel in Croatia

In value terms, production of railway or tramway track construction material of iron or steel fell remarkably to $X in 2020 estimated in export prices. Overall, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

Exports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Exports from Croatia

In 2020, overseas shipments of railway or tramway track construction material of iron or steel increased by X% to X tonnes, rising for the second year in a row after five years of decline. In general, exports, however, recorded a deep slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Exports peaked at X tonnes in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, exports of railway or tramway track construction material of iron or steel skyrocketed to $X in 2020. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2014 to 2020, the growth of exports failed to regain the momentum.

Exports by Country

Serbia (X tonnes), Italy (X tonnes) and Slovenia (X tonnes) were the main destinations of exports of railway or tramway track construction material of iron or steel from Croatia, together accounting for X% of total exports. These countries were followed by Germany and Bosnia and Herzegovina, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany, while exports for the other leaders experienced a decline.

In value terms, Serbia ($X) remains the key foreign market for iron and steel railway construction materials exports from Croatia, comprising X% of total exports. The second position in the ranking was occupied by Slovenia ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2020, 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: Slovenia (-X% per year) and Italy (-X% per year).

Export Prices by Country

In 2020, the average export price for railway or tramway track construction material of iron or steel amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, export price indicated a slight 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, export price for railway or tramway track construction material of iron or steel decreased by -X% against 2017 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2018 to 2020, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Slovenia ($X per tonne), while the average price for exports to Italy ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, while the prices for the other major destinations experienced mixed trend patterns.

Imports of Railway Or Tramway Track Construction Material Of Iron Or Steel

Imports into Croatia

After five years of decline, supplies from abroad of railway or tramway track construction material of iron or steel increased by X% to X tonnes in 2020. Overall, imports recorded perceptible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of railway or tramway track construction material of iron or steel soared to $X in 2020. In general, imports posted a measured expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Austria (X tonnes), Poland (X tonnes) and Italy (X tonnes) were the main suppliers of imports of railway or tramway track construction material of iron or steel to Croatia, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in Italy, while purchases for the other leaders experienced more modest paces of growth.

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

Italy 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

The average import price for railway or tramway track construction material of iron or steel stood at $X per tonne in 2020, surging by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per tonne in 2009; however, from 2010 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for Turkey ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for railway or tramway track construction material of iron or steel in the world?

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China (6M tonnes) remains the largest iron and steel railway construction materials consuming country worldwide, comprising approx. 33% of total volume. Moreover, consumption of railway or tramway track construction material of iron or steel in China exceeded the figures recorded by the second-largest consumer, Russia (1.3M tonnes), fivefold. The third position in this ranking was occupied by the U.S. (1.2M tonnes), with a 6.8% share.

What are the largest producers of railway or tramway track construction material of iron or steel in the world?

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China (6.3M tonnes) constituted the country with the largest volume of production of railway or tramway track construction material of iron or steel, accounting for 34% of total volume. Moreover, production of railway or tramway track construction material of iron or steel in China exceeded the figures recorded by the second-largest producer, Russia (1.5M tonnes), fourfold. The U.S. (1.3M tonnes) ranked third in terms of total production with a 6.7% share.

What are the leading suppliers of railway or tramway track construction material of iron or steel to Croatia?

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In value terms, Poland ($5.8M), Italy ($4.7M) and Austria ($4.5M) were the largest iron and steel railway construction materials suppliers to Croatia, with a combined 78% share of total imports.

What are the leading importers of railway or tramway track construction material of iron or steel from Croatia?

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In value terms, Serbia ($99K) remains the key foreign market for iron and steel railway construction materials exports from Croatia, comprising 46% of total exports. The second position in the ranking was occupied by Slovenia ($47K), with a 22% share of total exports. It was followed by Italy, with a 19% share.

What is the average export price for railway or tramway track construction material of iron or steel in Croatia?

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The average export price for railway or tramway track construction material of iron or steel stood at $1,913 per tonne in 2020, falling by -11.8% against the previous year.

What is the average import price for railway or tramway track construction material of iron or steel in Croatia?

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The average import price for railway or tramway track construction material of iron or steel stood at $1,400 per tonne in 2020, with an increase of 49% against the previous year.