Croatia: Aluminium Foil Market 2024

Aluminium Foil Market Size in Croatia

The Croatian aluminium foil market surged to $X in 2022, rising by 54% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Aluminium foil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Aluminium Foil Production in Croatia

In value terms, aluminium foil production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by 511%. Aluminium foil production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Aluminium Foil Exports

Exports from Croatia

After two years of growth, shipments abroad of aluminium foil decreased by -5.6% to X tons in 2022. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.5% against 2012 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell in the following year.

In value terms, aluminium foil exports totaled $X in 2022. In general, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.5% against 2014 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 22%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Switzerland (X tons), Germany (X tons) and France (X tons) were the main destinations of aluminium foil exports from Croatia, with a combined 56% share of total exports. Italy, Spain, Serbia, Poland, the Netherlands, Canada, China and Denmark lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +72.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium foil exported from Croatia were Switzerland ($X), Germany ($X) and France ($X), with a combined 59% share of total exports. Italy, Serbia, Poland, Spain, Canada, the Netherlands, China and Denmark lagged somewhat behind, together accounting for a further 31%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +65.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aluminium foil export price amounted to $X per ton, surging by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Spain ($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 China (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Foil Imports

Imports into Croatia

In 2022, aluminium foil imports into Croatia amounted to X tons, surging by 3.9% compared with 2021. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 116% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, aluminium foil imports soared to $X in 2022. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 75%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest aluminium foil supplier to Croatia, accounting for a 55% share of total imports. Moreover, aluminium foil imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+23.4% per year) and Italy (+32.7% per year).

In value terms, Germany ($X) constituted the largest supplier of aluminium foil to Croatia, comprising 53% of total imports. The second position in the ranking was held by Italy ($X), with a 12% share of total imports. It was followed by Spain, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +27.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+38.2% per year) and Spain (+25.6% per year).

Import Prices by Country

In 2022, the average aluminium foil import price amounted to $X per ton, with an increase of 21% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Austria ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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