Croatia: Market for Cellular Plates, Sheets and Films of Polyymers of Styrene 2024

Market Size for Cellular Plates, Sheets and Films of Polyymers of Styrene in Croatia

The Croatian market for cellular plates, sheets and films of polyymers of styrene reduced dramatically to $X in 2022, dropping by -18.3% against the previous year. Overall, consumption, however, posted buoyant growth. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Production of Cellular Plates, Sheets and Films of Polyymers of Styrene in Croatia

In value terms, production of cellular plates, sheets and films of polyymers of styrene rose rapidly to $X in 2022 estimated in export price. In general, production recorded a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 116% against the previous year. Production of peaked in 2022 and is likely to see steady growth in years to come.

Exports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Exports from Croatia

In 2022, shipments abroad of cellular plates, sheets and films of polyymers of styrene increased by 64% to X tons, rising for the sixth consecutive year after two years of decline. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 114% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of cellular plates, sheets and films of polyymers of styrene soared to $X in 2022. In general, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 119% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for exports of cellular plates, sheets and films of polyymers of styrene from Croatia, accounting for a 58% share of total exports. Moreover, exports of cellular plates, sheets and films of polyymers of styrene to Slovenia exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was held by Austria (X tons), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+50.1% per year) and Austria (+137.5% per year).

In value terms, Slovenia ($X) remains the key foreign market for cellular plates, sheets and films of polyymers of styrene exports from Croatia, comprising 51% of total exports. The second position in the ranking was taken by Italy ($X), with a 23% share of total exports. It was followed by Germany, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia amounted to +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+70.1% per year) and Germany (+71.1% per year).

Export Prices by Country

In 2022, the average export price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, picking up by 15% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price 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, export price for cellular plates, sheets and films of polyymers of styrene increased by +75.3% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 53%. The export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia ($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 Italy (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cellular Plates, Sheets and Films of Polyymers of Styrene

Imports into Croatia

In 2022, approx. X tons of cellular plates, sheets and films of polyymers of styrene were imported into Croatia; waning by -17.3% on the previous year. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, imports of cellular plates, sheets and films of polyymers of styrene shrank to $X in 2022. In general, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by 61%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

Bosnia and Herzegovina (X tons), Serbia (X tons) and Slovenia (X tons) were the main suppliers of imports of cellular plates, sheets and films of polyymers of styrene to Croatia, with a combined 66% share of total imports. Hungary, North Macedonia, Italy, Austria, Germany and Poland lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by North Macedonia (with a CAGR of +87.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest polystyrene cellular plates, sheets and films suppliers to Croatia were Bosnia and Herzegovina ($X), Serbia ($X) and Slovenia ($X), with a combined 62% share of total imports. Hungary, North Macedonia, Italy, Germany, Austria and Poland lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, North Macedonia, with a CAGR of +87.8%, saw the highest growth rate of 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

In 2022, the average import price for cellular plates, sheets and films of polyymers of styrene amounted to $X per ton, with an increase of 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2021 an increase of 25%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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