Price for Iron or Steel; Cast Articles in Croatia - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Croatia (CIF) - 2022
- Price for Iron or Steel; Cast Articles in Croatia (FOB) - 2023
- Imports of Iron or Steel; Cast Articles in Croatia
- Exports of Iron or Steel; Cast Articles in Croatia
Price for Iron or Steel; Cast Articles in Croatia (CIF) - 2022
The average import price for iron or steel; cast articleses stood at $2,615 per ton in 2022, rising by 16% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 23%. As a result, import price attained the peak level of $2,928 per ton. From 2018 to 2022, the average 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 Belgium ($8,475 per ton), while the price for Iran ($1,483 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Steel; Cast Articles in Croatia (FOB) - 2023
In August 2023, the average export price for iron or steel; cast articleses amounted to $2,928 per ton, waning by -17.6% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average export price increased by 18% against the previous month. As a result, the export price reached the peak level of $3,553 per ton, and then shrank dramatically in the following month.
Average prices varied somewhat for the major export markets. In August 2023, the country with the highest price was Bosnia and Herzegovina ($2,602 per ton), while the average price for exports to Montenegro ($1,940 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in Croatia
After three years of growth, purchases abroad of iron or steel; cast articleses decreased by -5.5% to 14K tons in 2022. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports attained the peak of 15K tons, and then fell in the following year.
In value terms, iron or steel; cast articles imports expanded notably to $36M in 2022. The total import value increased at an average annual rate of +13.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Iron or Steel; Cast Articles in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 6.2 | 7.0 | 7.1 | 8.6 | 11.5% |
| Germany | 3.6 | 3.3 | 5.6 | 7.2 | 26.0% |
| Turkey | 2.5 | 3.7 | 5.3 | 5.1 | 26.8% |
| Italy | 3.5 | 3.6 | 5.7 | 3.8 | 2.8% |
| Bosnia and Herzegovina | 1.9 | 2.0 | 2.1 | 1.9 | 0.0% |
| Iran | 0.5 | 0.6 | 1.1 | 1.9 | 56.0% |
| China | 0.5 | 0.2 | 0.5 | 0.8 | 17.0% |
| Austria | 0.8 | 0.7 | 0.7 | 0.7 | -4.4% |
| Others | 5.2 | 7.2 | 4.9 | 6.2 | 6.0% |
| Total | 24.8 | 28.3 | 33.0 | 36.2 | 13.4% |
Top Suppliers of Iron or Steel; Cast Articles to Croatia in 2022:
- Turkey (3.4K tons)
- Slovenia (3.2K tons)
- Germany (1.6K tons)
- Iran (1.3K tons)
- Italy (1.2K tons)
- Bosnia and Herzegovina (0.8K tons)
- China (0.5K tons)
- Austria (0.3K tons)
Exports of Iron or Steel; Cast Articles in Croatia
In 2022, approx. 6.2K tons of iron or steel; cast articleses were exported from Croatia; surging by 4.7% compared with the year before. The total export volume increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, iron or steel; cast articles exports totaled $17M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 36%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Iron or Steel; Cast Articles in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.6 | 3.7 | 4.9 | 5.0 | 11.6% |
| Slovenia | 2.5 | 2.7 | 3.0 | 3.8 | 15.0% |
| Bosnia and Herzegovina | 1.8 | 1.6 | 2.6 | 2.4 | 10.1% |
| Serbia | 1.2 | 1.6 | 1.9 | 2.1 | 20.5% |
| Hungary | 0.8 | 0.6 | 1.0 | 1.4 | 20.5% |
| Austria | 0.8 | 0.7 | 1.0 | 1.0 | 7.7% |
| Italy | 0.5 | 0.3 | 0.8 | 0.8 | 17.0% |
| Slovakia | 0.7 | 0.1 | N/A | 0.4 | -17.0% |
| Others | 0.7 | 0.5 | 0.8 | 0.7 | 0.0% |
| Total | 12.6 | 11.8 | 16.1 | 17.4 | 11.4% |
Top Export Markets for Iron or Steel; Cast Articles from Croatia in 2022:
- Slovenia (1422.3 tons)
- Germany (1336.1 tons)
- Bosnia and Herzegovina (944.8 tons)
- Serbia (923.6 tons)
- Hungary (667.3 tons)
- Austria (318.7 tons)
- Italy (275.4 tons)
- Slovakia (139.8 tons)
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