Croatia: Expansible Polystyrene Market 2024

Expansible Polystyrene Market Size in Croatia

The Croatian expansible polystyrene market surged to $X in 2021, growing by 55% 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 a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +49.2% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Expansible Polystyrene Exports

Exports from Croatia

In 2021, overseas shipments of expansible polystyrene in primary forms increased by 69% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 94,386% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, expansible polystyrene exports soared to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 96,508% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Austria (X tons) was the main destination for expansible polystyrene exports from Croatia, with a 95% share of total exports. Moreover, expansible polystyrene exports to Austria exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Austria totaled +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+113.3% per year) and Slovenia (+14.7% per year).

In value terms, Austria ($X) remains the key foreign market for expansible polystyrene in primary forms exports from Croatia, comprising 93% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 7.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Austria stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+113.5% per year) and Slovenia (+14.4% per year).

Export Prices by Country

In 2021, the average expansible polystyrene export price amounted to $X per ton, declining by -10.2% against the previous year. Overall, the export price recorded a perceptible slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 90%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Austria ($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 Bosnia and Herzegovina (+0.1%), while the prices for the other major destinations experienced a decline.

Expansible Polystyrene Imports

Imports into Croatia

In 2021, purchases abroad of expansible polystyrene in primary forms increased by 13% to X tons, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.6% against 2018 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, expansible polystyrene imports skyrocketed to $X in 2021. Overall, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of expansible polystyrene imports to Croatia, with a combined 63% share of total imports. Turkey, Austria, Greece, Hungary, Slovenia and Italy lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +190.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Netherlands ($X) were the largest expansible polystyrene suppliers to Croatia, together comprising 63% of total imports. These countries were followed by Turkey, Austria, Greece, Hungary, Slovenia and Italy, which together accounted for a further 31%.

Slovenia, with a CAGR of +194.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average expansible polystyrene import price amounted to $X per ton, growing by 88% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Greece ($X per ton), while the price for Poland ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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