Croatia: Amino-Resin Market 2024

Amino-Resin Market Size in Croatia

For the third consecutive year, the Croatian amino-resin market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Amino-Resin Production in Croatia

In value terms, amino-resin production soared to $X in 2022 estimated in export price. In general, production saw a noticeable slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Amino-resin production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Amino-Resin Exports

Exports from Croatia

After two years of growth, overseas shipments of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons in 2022. Over the period under review, exports, however, posted a strong increase. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, amino-resin exports reduced to $X in 2022. Overall, exports, however, posted strong growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Slovenia (X tons) was the main destination for amino-resin exports from Croatia, with a X% share of total exports. Moreover, amino-resin exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), fourfold. The third position in this ranking was taken by Serbia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia 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 Serbia (X% per year).

In value terms, the largest markets for amino-resin exported from Croatia were Slovenia ($X), Bosnia and Herzegovina ($X) and Germany ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of X%, recorded the highest growth rate of 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

The average amino-resin export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Germany ($X per ton), while the average price for exports to Slovenia ($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 Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Amino-Resin Imports

Imports into Croatia

In 2022, purchases abroad of amino-resins, phenolic resins and polyurethanes (in primary forms) decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, amino-resin imports rose remarkably to $X in 2022. Overall, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Slovakia (X tons), Slovenia (X tons) and Italy (X tons) were the main suppliers of amino-resin imports to Croatia, together accounting for X% of total imports. Germany, Spain, Romania and Turkey lagged somewhat behind, together accounting for a further X%.

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

In value terms, Slovenia ($X), Slovakia ($X) and Italy ($X) appeared to be the largest amino-resin suppliers to Croatia, with a combined X% share of total imports. Germany, Spain, Romania and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average amino-resin import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :