Croatia: Corrugated Paper Box Market 2024

Corrugated Paper Box Market Size in Croatia

The Croatian corrugated paper box market soared to $X in 2022, growing by 22% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +92.4% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Corrugated Paper Box Production in Croatia

In value terms, corrugated paper box production surged to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +43.4% against 2018 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Corrugated Paper Box Exports

Exports from Croatia

In 2022, after two years of growth, there was significant decline in overseas shipments of cartons, boxes and cases of corrugated paper or paperboard, when their volume decreased by -11.1% to X tons. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 14% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, corrugated paper box exports rose remarkably to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +43.4% against 2018 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Hungary (X tons), Slovenia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of corrugated paper box exports from Croatia, with a combined 85% share of total exports. Serbia, Austria and Italy lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +17.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for corrugated paper box exported from Croatia worldwide, with a combined 84% share of total exports. Serbia, Austria and Italy lagged somewhat behind, together comprising a further 14%.

In terms of the main countries of destination, Italy, with a CAGR of +18.5%, saw 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

The average corrugated paper box export price stood at $X per ton in 2022, with an increase of 24% 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 Italy ($X per ton), while the average price for exports to Austria ($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 (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Corrugated Paper Box Imports

Imports into Croatia

In 2022, corrugated paper box imports into Croatia soared to X tons, jumping by 20% compared with 2021. Overall, imports saw a resilient increase. The pace of growth appeared the most rapid in 2014 when imports increased by 59% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, corrugated paper box imports soared to $X in 2022. In general, imports enjoyed prominent growth. The growth pace was the most rapid in 2014 when imports increased by 35%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Hungary (X tons) and Germany (X tons) were the main suppliers of corrugated paper box imports to Croatia, together comprising 59% of total imports. Slovenia, Romania, Serbia, Bosnia and Herzegovina and Austria lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +106.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest corrugated paper box suppliers to Croatia were Italy ($X), Hungary ($X) and Slovenia ($X), with a combined 58% share of total imports. Germany, Serbia, Romania, Bosnia and Herzegovina and Austria lagged somewhat behind, together comprising a further 32%.

Romania, with a CAGR of +91.6%, saw 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 2022, the average corrugated paper box import price amounted to $X per ton, surging by 12% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Slovenia ($X per ton) and Hungary ($X per ton), while the price for Romania ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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