Croatia: Market for Railway Or Tramway Track Construction Material Of Iron Or Steel 2022

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

In 2021, the Croatian market for railway or tramway track construction material of iron or steel decreased by -18.1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, enjoyed a strong expansion. Over the period under review, the market hit record highs at $X in 2020, and then reduced dramatically in the following year.

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 rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 28%. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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

Exports from Croatia

Exports of railway or tramway track construction material of iron or steel from Croatia declined significantly to X tons in 2021, which is down by -89.3% on 2020 figures. Overall, exports faced a significant decrease. The growth pace was the most rapid in 2013 when exports increased by 527% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel reduced sharply to $X in 2021. Over the period under review, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2013 when exports increased by 537%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Germany (X tons) and Slovenia (X tons) were the main destinations of exports of railway or tramway track construction material of iron or steel from Croatia.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of -20.1%).

In value terms, Slovenia ($X) emerged as the key foreign market for iron and steel railway construction materials exports from Croatia, comprising 72% of total exports. The second position in the ranking was held by Germany ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia totaled -16.7%.

Export Prices by Country

In 2021, the average export price for railway or tramway track construction material of iron or steel amounted to $X per ton, growing by 5% against the previous year. In general, the export price, however, saw a mild slump. The growth pace was the most rapid in 2020 an increase of 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Slovenia ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Croatia

In 2021, after four years of growth, there was significant decline in overseas purchases of railway or tramway track construction material of iron or steel, when their volume decreased by -27.3% to X tons. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 255%. Imports peaked at X tons in 2020, and then dropped notably in the following year.

In value terms, imports of railway or tramway track construction material of iron or steel contracted to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 331% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Austria (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of imports of railway or tramway track construction material of iron or steel to Croatia, together accounting for 72% of total imports.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +34.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron and steel railway construction materials suppliers to Croatia were Austria ($X), Poland ($X) and Italy ($X), with a combined 63% share of total imports.

Austria, with a CAGR of +29.3%, saw the highest rates of growth with regard to 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

The average import price for railway or tramway track construction material of iron or steel stood at $X per ton in 2021, rising by 20% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 21%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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