Croatia: Ethylene-Vinyl Acetate Copolymers Market 2024

Ethylene-Vinyl Acetate Copolymers Market Size in Croatia

The Croatian ethylene-vinyl acetate copolymers market rose to $X in 2022, with an increase of 2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.7% 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 +39.7% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Ethylene-Vinyl Acetate Copolymers Exports

Exports from Croatia

In 2022, shipments abroad of ethylene-vinyl acetate copolymers in primary forms increased by 81% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,924%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, ethylene-vinyl acetate copolymers exports soared to $X in 2022. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 2,937%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Cyprus (X tons) was the main destination for ethylene-vinyl acetate copolymers exports from Croatia, accounting for a 100% share of total exports. It was followed by Slovenia (X kg), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Cyprus totaled +115.6%.

In value terms, Cyprus ($X) remains the key foreign market for ethylene-vinyl acetate copolymers in primary forms exports from Croatia, comprising 100% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 0.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Cyprus totaled +97.8%.

Export Prices by Country

In 2022, the average ethylene-vinyl acetate copolymers export price amounted to $X per ton, with a decrease of -3.2% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 274%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Cyprus stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+21.8%), while the prices for the other major destinations experienced a decline.

Ethylene-Vinyl Acetate Copolymers Imports

Imports into Croatia

In 2022, ethylene-vinyl acetate copolymers imports into Croatia dropped modestly to X tons, shrinking by -3.1% against the year before. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.2% against 2016 indices. The most prominent rate of growth was recorded in 2015 with an increase of 37%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, ethylene-vinyl acetate copolymers imports expanded remarkably to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 63% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Italy (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of ethylene-vinyl acetate copolymers imports to Croatia, with a combined 78% share of total imports. Slovenia, Bulgaria, the Czech Republic, Greece and South Korea lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +59.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene-vinyl acetate copolymers suppliers to Croatia were Italy ($X), Belgium ($X) and Germany ($X), with a combined 78% share of total imports. Slovenia, Bulgaria, the Czech Republic, Greece and South Korea lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Bulgaria, with a CAGR of +57.0%, saw the highest rates of growth with regard to 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

The average ethylene-vinyl acetate copolymers import price stood at $X per ton in 2022, picking up by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2021 an increase of 23% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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