Croatia: Basic Dye Market 2024

Basic Dye Market Size in Croatia

The Croatian basic dye market skyrocketed to $X in 2021, growing by 204% against the previous year. Over the period under review, consumption continues to indicate a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Basic Dye Production in Croatia

In value terms, basic dye production dropped to $X in 2021 estimated in export price. Overall, production posted a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 17% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Basic Dye Exports

Exports from Croatia

In 2021, approx. X kg of basic dyes and preparations based thereon were exported from Croatia; increasing by 20% compared with the previous year's figure. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 999%. As a result, the exports attained the peak of X kg. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, basic dye exports reduced notably to $X in 2021. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 926%. The exports peaked at $X in 2020, and then shrank dramatically in the following year.

Exports by Country

Slovenia (X kg) was the main destination for basic dye exports from Croatia, accounting for a 78% share of total exports. Moreover, basic dye exports to Slovenia exceeded the volume sent to the second major destination, Sri Lanka (X kg), more than tenfold. Bosnia and Herzegovina (X kg) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia amounted to +56.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+93.4% per year) and Bosnia and Herzegovina (+6.4% per year).

In value terms, Slovenia ($X) remains the key foreign market for basic dyes and preparations based thereon exports from Croatia, comprising 92% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 3.1% share of total exports. It was followed by Bosnia and Herzegovina, with a 0.7% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia stood at +89.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+346.8% per year) and Bosnia and Herzegovina (+10.0% per year).

Export Prices by Country

In 2021, the average basic dye export price amounted to $X per ton, declining by -46.4% against the previous year. Over the period under review, the export price, however, saw a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 216% against the previous year. The export price peaked at $X per ton in 2020, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+152.8%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into Croatia

In 2021, approx. X tons of basic dyes and preparations based thereon were imported into Croatia; jumping by 269% against the previous year's figure. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, basic dye imports surged to $X in 2021. In general, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of basic dye to Croatia, with a 69% share of total imports. Moreover, basic dye imports from Sweden exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden totaled +325.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+140.6% per year) and Germany (+22.6% per year).

In value terms, Sweden ($X) constituted the largest supplier of basic dyes and preparations based thereon to Croatia, comprising 66% of total imports. The second position in the ranking was held by Spain ($X), with an 8.5% share of total imports. It was followed by Germany, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Sweden stood at +321.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+125.3% per year) and Germany (+15.4% per year).

Import Prices by Country

In 2021, the average basic dye import price amounted to $X per ton, declining by -21.9% against the previous year. Overall, the import price saw a perceptible downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :