Croatia: Explosives Market 2024

Explosives Market Size in Croatia

The Croatian explosives market dropped to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, posted a strong expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Explosives Production in Croatia

In value terms, explosives production soared to $X in 2022 estimated in export price. Overall, production, however, posted resilient growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Explosives Exports

Exports from Croatia

Explosives exports from Croatia skyrocketed to X tons in 2022, growing by X% on 2021 figures. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, explosives exports soared to $X in 2022. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Serbia (X tons) was the main destination for explosives exports from Croatia, accounting for a X% share of total exports. Moreover, explosives exports to Serbia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), sixfold. Slovenia (X tons) ranked third in terms of total exports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume to Serbia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Slovenia (X% per year).

In value terms, Serbia ($X) remains the key foreign market for prepared explosives exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Slovenia, with an X% share.

From 2013 to 2022, the average annual rate of growth in terms of value to Serbia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Slovenia (X% per year).

Export Prices by Country

In 2022, the average explosives export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated strong growth from 2013 to 2022: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, explosives export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bosnia and Herzegovina ($X per ton) and Kosovo ($X per ton), while the average price for exports to Slovenia ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Explosives Imports

Imports into Croatia

In 2022, after four years of growth, there was decline in supplies from abroad of prepared explosives, when their volume decreased by X% to X tons. In general, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, explosives imports surged to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Italy (X tons) constituted the largest explosives supplier to Croatia, with a X% share of total imports. Moreover, explosives imports from Italy exceeded the figures recorded by the second-largest supplier, Austria (X tons), sevenfold. The third position in this ranking was taken by Romania (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Romania (X% per year).

In value terms, Italy ($X) constituted the largest supplier of prepared explosives to Croatia, comprising X% of total imports. The second position in the ranking was held by Austria ($X), with an X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the average explosives import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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