Croatia: Adhesive Bandage Market 2024

Adhesive Bandage Market Size in Croatia

In 2022, the Croatian adhesive bandage market decreased by -0.3% to $X for the first time since 2017, thus ending a four-year rising trend. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +73.9% against 2017 indices. As a result, consumption attained the peak level of $X, leveling off in the following year.

Adhesive Bandage Production in Croatia

In value terms, adhesive bandage production plummeted to $X in 2022 estimated in export price. Over the period under review, production recorded a sharp contraction. Adhesive bandage production peaked at $X in 2021, and then declined dramatically in the following year.

Adhesive Bandage Exports

Exports from Croatia

In 2022, the amount of adhesive bandages exported from Croatia skyrocketed to X tons, growing by 24% against the previous year's figure. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2014 with an increase of 138%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, adhesive bandage exports shrank to $X in 2022. In general, exports recorded a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 193%. The exports peaked at $X in 2021, and then declined slightly in the following year.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for adhesive bandage exports from Croatia, accounting for a 84% share of total exports. Moreover, adhesive bandage exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Italy (X tons), eightfold. Slovenia (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +33.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+184.0% per year) and Slovenia (+59.5% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for adhesive bandages exports from Croatia, comprising 79% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.5% share of total exports. It was followed by Italy, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina stood at +35.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+117.6% per year) and Italy (+419.5% per year).

Export Prices by Country

The average adhesive bandage export price stood at $X per ton in 2022, dropping by -22.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 53%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+1.5%), while the prices for the other major destinations experienced a decline.

Adhesive Bandage Imports

Imports into Croatia

Adhesive bandage imports into Croatia expanded sharply to X tons in 2022, growing by 10% against 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.1% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, adhesive bandage imports expanded modestly to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +106.4% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Austria (X tons), Poland (X tons) and Hungary (X tons) were the main suppliers of adhesive bandage imports to Croatia, with a combined 57% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +80.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of adhesive bandages to Croatia, comprising 27% of total imports. The second position in the ranking was held by Austria ($X), with a 12% share of total imports. It was followed by Hungary, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +65.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+62.5% per year) and Hungary (+77.5% per year).

Import Prices by Country

In 2022, the average adhesive bandage import price amounted to $X per ton, dropping by -6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2017 when the average import price increased by 52%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat 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 Poland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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