Croatia: Vulcanised Rubber Erases Market 2024

Vulcanised Rubber Erases Market Size in Croatia

In 2021, the Croatian vulcanised rubber erases market increased by 14% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Vulcanised Rubber Erases Exports

Exports from Croatia

In 2021, vulcanised rubber erases exports from Croatia reduced sharply to X tons, declining by -64.8% compared with 2020 figures. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 533% against the previous year. As a result, the exports reached the peak of X tons, and then fell notably in the following year.

In value terms, vulcanised rubber erases exports fell notably to $X in 2021. In general, exports, however, enjoyed a moderate increase. The most prominent rate of growth was recorded in 2020 with an increase of 544% against the previous year. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

Germany (X tons) was the main destination for vulcanised rubber erases exports from Croatia, accounting for a 52% share of total exports. Moreover, vulcanised rubber erases exports to Germany exceeded the volume sent to the second major destination, Austria (X kg), threefold. Slovenia (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+198.1% per year) and Slovenia (+37.6% per year).

In value terms, Germany ($X) emerged as the key foreign market for erasers of vulcanised rubber exports from Croatia, comprising 45% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 20% share of total exports. It was followed by Austria, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+55.0% per year) and Austria (+186.8% per year).

Export Prices by Country

The average vulcanised rubber erases export price stood at $X per ton in 2021, growing by 30% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vulcanised rubber erases export price increased by +32.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 34%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Erases Imports

Imports into Croatia

In 2021, approx. X tons of erasers of vulcanised rubber were imported into Croatia; which is down by -9.8% compared with 2020. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 33%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, vulcanised rubber erases imports declined to $X in 2021. The total import value increased at an average annual rate of +1.3% 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 2014 with an increase of 53% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of vulcanised rubber erases imports to Croatia, together accounting for 71% of total imports. Italy, Slovenia, the Netherlands and France lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +111.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of erasers of vulcanised rubber to Croatia, comprising 40% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.8% per year) and Spain (-2.1% per year).

Import Prices by Country

In 2021, the average vulcanised rubber erases import price amounted to $X per ton, surging by 3.8% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 27%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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