Price for Chain and Parts Thereof, of Iron or Steel in Croatia - 2023

Contents:

1. Price for Chain and Parts Thereof, of Iron or Steel in Croatia (CIF) - 2022
2. Price for Chain and Parts Thereof, of Iron or Steel in Croatia (FOB) - 2023
3. Imports of Chain and Parts Thereof, of Iron or Steel in Croatia
4. Exports of Chain and Parts Thereof, of Iron or Steel in Croatia

Price for Chain and Parts Thereof, of Iron or Steel in Croatia (CIF) - 2022

In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $3,964 per ton, flattening at the previous year. Overall, the import price, however, saw a slight reduction. The pace of growth was the most pronounced in 2017 when the average import price increased by 24%. Over the period under review, average import prices reached the maximum at $4,415 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($9,967 per ton), while the price for China ($1,822 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain and Parts Thereof, of Iron or Steel in Croatia (FOB) - 2023

The average export price for chain and parts thereof, of iron or steel stood at $9,071 per ton in December 2023, increasing by 14% against the previous month. Over the period under review, export price indicated a measured expansion from December 2022 to December 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for chain and parts thereof, of iron or steel increased by +49.2% against September 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 84% m-o-m. Over the period under review, the average export prices reached the peak figure at $9,406 per ton in July 2023; however, from August 2023 to December 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Serbia ($68,452 per ton), while the average price for exports to Turkey ($3,347 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain and Parts Thereof, of Iron or Steel in Croatia

Imports of chain and parts thereof, of iron or steel into Croatia skyrocketed to 2.6K tons in 2022, increasing by 23% against the previous year. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of chain and parts thereof, of iron or steel stood at $10M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Croatia in 2022:

1. China (1461.1 tons)
2. Germany (226.0 tons)
3. Italy (198.6 tons)
4. Sweden (159.0 tons)
5. Slovenia (124.3 tons)
6. Netherlands (110.8 tons)
7. Turkey (67.3 tons)
8. Poland (60.7 tons)
9. Austria (60.0 tons)
10. Serbia (28.9 tons)

Exports of Chain and Parts Thereof, of Iron or Steel in Croatia

After three years of growth, overseas shipments of chain and parts thereof, of iron or steel decreased by -36.1% to 300 tons in 2022. Over the period under review, exports, however, enjoyed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 68%. As a result, the exports attained the peak of 470 tons, and then shrank remarkably in the following year.

In value terms, exports of chain and parts thereof, of iron or steel reduced sharply to $2M in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 108% against the previous year. As a result, the exports attained the peak of $2.9M, and then contracted dramatically in the following year.

Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Croatia in 2022:

1. Hungary (87.6 tons)
2. Bosnia and Herzegovina (78.3 tons)
3. Serbia (49.7 tons)
4. Montenegro (29.1 tons)
5. Slovenia (27.1 tons)
6. Italy (7.7 tons)
7. Germany (5.2 tons)

Source: IndexBox Market Intelligence Platform