Iron or steel fasteners market in Croatia

Earlier Report Observations

The market for iron or steel fasteners in Croatia experienced considerable fluctuations between 2018 and 2024. After a modest increase to 37.7 million dollars in 2019, the market volume surged to 49.2 million dollars in 2020. It then contracted sharply to 36.8 million dollars in 2021 before recovering to nearly 50 million dollars in 2022. The most significant expansion occurred in 2023, when the market size reached 65.2 million dollars.

In 2024, the market declined to 55.8 million dollars. This decrease coincided with global fluctuations in steel and aluminum prices, which raised production costs for fasteners and likely dampened both supply and demand. Concurrently, broader European trends, such as the automotive industry's demand for high-performance fasteners and a consumer shift toward durable, corrosion-resistant stainless steel products, continued to shape the market's characteristics.

Production iron or steel fasteners in Croatia

In value, 2017-2020, K $ US

In 2020, Croatia's output of iron or steel fasteners was valued at 29 618 K $ US, marking a 25.7% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 11.6%, which translates to an annualized rate of 3.7%. The lowest value was recorded in 2019 at 23 564 K $ US, with the largest decline of 19.7% also occurring that year.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

In kind, 2017-2020, t

Following a two-year decline, iron or steel fasteners production in Croatia rebounded. In 2020, the country produced 15 018 t, showing a substantial year-over-year gain of 13.3%. However, over the broader period from 2017 to 2020, production decreased by 17.2%, with a compound annual growth rate of -6.1%. The minimum value was recorded in 2019 at 13 252 t, which also saw the largest decline of 15.6%.

Annual dynamics of production in Croatia in kind, 2017-2020, t

Exports iron or steel fasteners from Croatia

Exports in kind, t

After a two-year decline, Croatia's volume of iron or steel fasteners exports increased. In 2020, exports amounted to 12 279 t, representing a rise of 5.3% compared to 2019. From 2017 to 2020, exports decreased by 38.4%, equating to an annualized rate of -14.9%. The lowest value was recorded in 2019 at 11 664 t, with the largest decline of 32.2% also occurring that year.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, t

Between 2017 and 2020, Croatia's exports of iron or steel fasteners in kind were distributed across a wide range of partner countries. Italy accounted for 23.0% of exports, Germany for 13.7%, and Czechia for 7.6%, with these three countries together representing 44.4% of total flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Croatia in kind, 2017-2020

Exports in value, K $ US

Croatia's volume of iron or steel fasteners exports declined for the second consecutive year. In 2020, export volume amounted to 28 743 K $ US, indicating a year-over-year drop of 6.9%. From 2017 to 2020, exports decreased by 23.5%, equating to an annualized rate of -8.5%. The highest value was recorded in 2018 at 40 892 K $ US, which also saw the largest increase of 8.9%. The largest decline occurred in 2019 at 24.5%.

Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US

From 2017 to 2020, Croatia's exports of iron or steel fasteners in value terms were spread across many countries. Germany accounted for 24.2% of exports, Italy for 16.7%, and Slovenia for 6.6%, with these three countries jointly representing 47.5% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Croatia in value, 2017-2020

Imports iron or steel fasteners to Croatia

Imports in kind, t

Iron or steel fasteners imports into Croatia increased for the third consecutive year. In 2020, imports totalled 14 879 t, amounting to a 32.5% increase compared to 2019. Over the period from 2017 to 2020, imports grew by 42.2%, equating to an annualized rate of 12.5%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, t

Between 2017 and 2020, Germany contributed 29.4% of imports in kind, China 24.9%, and Italy 8.1%, with these three countries jointly accounting for 62.5% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Croatia in kind, 2017-2020

Imports in value, K $ US

In 2020, Croatia's imported iron or steel fasteners volumes came to 48 364 K $ US, marking a gradual advance of 7.3% compared to 2019. From 2017 to 2020, imports increased by 19.5%, equating to an annualized rate of 6.1%. The largest decline was recorded in 2019 at 4.6%, while the largest increase occurred in 2018 at 16.8%.

Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US

From 2017 to 2020, Germany accounted for 35.6% of imports in value terms, Austria for 11.8%, and Italy for 11.6%, with these three countries together representing 59.1% of total imports, making them the main sources for iron or steel fasteners to Croatia.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Croatia in value, 2017-2020