Croatia: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Croatia

In 2021, the Croatian double or complex silicates market was finally on the rise to reach $X for the first time since 2014, thus ending a six-year declining trend. Overall, consumption showed a pronounced reduction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Exports of Double Or Complex Silicates

Exports from Croatia

In 2021, the amount of double or complex silicates exported from Croatia soared to X tons, picking up by 59% against the year before. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2016 with an increase of 3,413% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, double or complex silicates exports surged to $X in 2021. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 5,102% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for double or complex silicates exports from Croatia, accounting for a 90% share of total exports. Moreover, double or complex silicates exports to Slovenia exceeded the volume sent to the second major destination, Serbia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Slovenia stood at +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-12.0% per year) and Bosnia and Herzegovina (+3.8% per year).

In value terms, Slovenia ($X) remains the key foreign market for double or complex silicates exports from Croatia, comprising 88% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with an 8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia stood at +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+3.8% per year) and Serbia (-11.9% per year).

Export Prices by Country

The average double or complex silicates export price stood at $X per ton in 2021, dropping by -12.7% against the previous year. In general, the export price, however, saw tangible growth. The pace of growth appeared the most rapid in 2017 an increase of 199%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Serbia ($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 Serbia (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Double Or Complex Silicates

Imports into Croatia

In 2021, supplies from abroad of double or complex silicates decreased by -0.1% to X tons, falling for the sixth consecutive year after four years of growth. In general, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, double or complex silicates imports rose slightly to $X in 2021. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by 13%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Bosnia and Herzegovina (X tons) constituted the largest supplier of double or complex silicates to Croatia, with a 83% share of total imports. Moreover, double or complex silicates imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bosnia and Herzegovina amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-17.7% per year) and Germany (+3.7% per year).

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of double or complex silicates to Croatia, comprising 71% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Bosnia and Herzegovina stood at +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-18.2% per year) and Germany (-0.6% per year).

Import Prices by Country

The average double or complex silicates import price stood at $X per ton in 2021, rising by 3.9% against the previous year. Over the period under review, the import price, however, showed a mild slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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