Croatia: Composite Paperboard Market 2024

Composite Paperboard Market Size in Croatia

The Croatian composite paperboard market surged to $X in 2021, picking up by 22% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +40.1% against 2019 indices. Composite paperboard consumption peaked in 2021 and is expected to retain growth in the immediate term.

Composite Paperboard Production in Croatia

In value terms, composite paperboard production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Composite Paperboard Exports

Exports from Croatia

In 2021, after three years of growth, there was significant decline in shipments abroad of composite paper and paperboard, when their volume decreased by -27.6% to X tons. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 655%. Over the period under review, the exports hit record highs at X tons in 2020, and then declined rapidly in the following year.

In value terms, composite paperboard exports surged to $X in 2021. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 578%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Slovenia (X tons) was the main destination for composite paperboard exports from Croatia, with a 86% share of total exports. Moreover, composite paperboard exports to Slovenia exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia amounted to +43.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-8.8% per year) and Bosnia and Herzegovina (+35.1% per year).

In value terms, Slovenia ($X), China ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for composite paperboard exported from Croatia worldwide, with a combined 87% share of total exports. Serbia lagged somewhat behind, accounting for a further 2.5%.

Serbia, with a CAGR of +50.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average composite paperboard export price stood at $X per ton in 2021, increasing by 101% against the previous year. In general, the export price, however, showed a abrupt slump. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Slovenia ($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 Austria (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Composite Paperboard Imports

Imports into Croatia

For the fourth consecutive year, Croatia recorded growth in purchases abroad of composite paper and paperboard, which increased by 9.2% to X tons in 2021. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 21% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, composite paperboard imports soared to $X in 2021. In general, imports continue to indicate buoyant growth. The growth pace was the most rapid in 2016 with an increase of 42%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of composite paperboard to Croatia, with a 38% share of total imports. Moreover, composite paperboard imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Switzerland (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+11.8% per year) and Switzerland (+55.9% per year).

In value terms, Switzerland ($X) constituted the largest supplier of composite paper and paperboard to Croatia, comprising 42% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Switzerland totaled +60.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+1.1% per year) and Italy (+13.1% per year).

Import Prices by Country

In 2021, the average composite paperboard import price amounted to $X per ton, growing by 7.1% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, composite paperboard import price increased by +21.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 28%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :