Croatia: Market for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) 2024

Market Size for Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol)) in Croatia

The Croatian market for butanols (excluding butan-1-ol (n-butyl alcohol)) dropped dramatically to $X in 2022, with a decrease of -36.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a pronounced expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Exports from Croatia

After two years of decline, overseas shipments of butanols (excluding butan-1-ol (n-butyl alcohol)) increased by 42% to X tons in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 1,098%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) exports soared to $X in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 849% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X kg) was the main destination for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Croatia, with a 69% share of total exports. Moreover, butanols (excluding butan-1-ol (n-butyl alcohol)) exports to the Czech Republic exceeded the volume sent to the second major destination, Slovenia (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+21.0% per year) and Bosnia and Herzegovina (-37.4% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for butanols (excluding butan-1-ol (n-butyl alcohol)) exports from Croatia, comprising 72% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic amounted to +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+9.8% per year) and Bosnia and Herzegovina (-36.4% per year).

Export Prices by Country

The average export price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2022, rising by 7.3% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2013 an increase of 500%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovenia ($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 (+1.7%), while the prices for the other major destinations experienced a decline.

Imports of Butanols (Excluding Butan-1-Ol (N-Butyl Alcohol))

Imports into Croatia

In 2022, the amount of butanols (excluding butan-1-ol (n-butyl alcohol)) imported into Croatia reduced notably to X tons, with a decrease of -23.6% against the previous year. Over the period under review, imports, however, continue to indicate a pronounced expansion. The pace of growth appeared the most rapid in 2020 with an increase of 236% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, butanols (excluding butan-1-ol (n-butyl alcohol)) imports reduced rapidly to $X in 2022. Overall, imports, however, posted a modest increase. The most prominent rate of growth was recorded in 2020 when imports increased by 158%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Slovenia (X tons) was the main butanols (excluding butan-1-ol (n-butyl alcohol)) supplier to Croatia, with a 96% share of total imports. It was followed by Italy (X kg), with a 1.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Slovenia totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.2% per year) and Germany (-8.6% per year).

In value terms, Slovenia ($X) constituted the largest supplier of butanols (excluding butan-1-ol (n-butyl alcohol)) to Croatia, comprising 53% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.5% per year) and Germany (-2.7% per year).

Import Prices by Country

The average import price for butanols (excluding butan-1-ol (n-butyl alcohol)) stood at $X per ton in 2022, shrinking by -20.5% against the previous year. In general, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of 132%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Italy ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :