Croatia: Alcohols Market 2021

Alcohols Market Size in Croatia

The Croatian alcohols market stood at $X in 2020, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market remained at a somewhat lower figure.

Alcohols Production in Croatia

In value terms, alcohols production shrank to $X in 2020 estimated in export prices. In general, production continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of X% y-o-y. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production remained at a lower figure.

Alcohols Exports

Exports from Croatia

For the third consecutive year, Croatia recorded growth in shipments abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives, which increased by X% to X tons in 2020. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, alcohols exports skyrocketed to $X in 2020. Over the period under review, exports continue to indicate a remarkable increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for alcohols exports from Croatia, accounting for a X% share of total exports. Moreover, alcohols exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), threefold. The third position in this ranking was occupied by Italy (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Slovenia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+X% per year) and Italy (+X% per year).

In value terms, Slovenia ($X), Italy ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for alcohols exported from Croatia worldwide, together comprising X% of total exports.

Slovenia (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was Italy ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia, while the prices for the other major destinations experienced mixed trend patterns.

Alcohols Imports

Imports into Croatia

In 2020, purchases abroad of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Overall, total imports indicated a noticeable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019, and then fell in the following year.

In value terms, alcohols imports rose markedly to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Slovenia (X tons) and Italy (X tons) were the main suppliers of alcohols imports to Croatia, together accounting for X% of total imports. These countries were followed by the Netherlands, Austria, Belgium and Poland, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovenia ($X) and the Netherlands ($X) appeared to be the largest alcohols suppliers to Croatia, with a combined X% share of total imports. These countries were followed by Italy, Belgium, Poland and Austria, which together accounted for a further X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average alcohols import price amounted to $X per ton, rising by X% 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 2011 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Slovenia, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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