Croatia: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Croatia

The Croatian extruded solid rubber rod market reduced sharply to $X in 2022, which is down by -20.2% against the previous year. In general, consumption recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Extruded Solid Rubber Rods And Profiles in Croatia

In value terms, extruded solid rubber rod production reduced modestly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of 26%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Croatia

In 2022, approx. X tons of extruded solid rubber rods and profiles were exported from Croatia; with an increase of 6.5% against the year before. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 522%. The exports peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, extruded solid rubber rod exports declined slightly to $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 267% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for extruded solid rubber rod exports from Croatia, with a 42% share of total exports. Moreover, extruded solid rubber rod exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+54.0% per year) and Spain (+115.9% per year).

In value terms, Germany ($X), the Czech Republic ($X) and Spain ($X) were the largest markets for extruded solid rubber rod exported from Croatia worldwide, with a combined 83% share of total exports. Portugal, Poland and Slovakia lagged somewhat behind, together comprising a further 10%.

Among the main countries of destination, Poland, with a CAGR of +125.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average extruded solid rubber rod export price amounted to $X per ton, declining by -10.4% against the previous year. Over the period under review, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 33%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+6.2%), while the prices for the other major destinations experienced a decline.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Croatia

In 2022, extruded solid rubber rod imports into Croatia shrank remarkably to X tons, declining by -20.8% against the year before. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 40% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, extruded solid rubber rod imports shrank to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +13.0% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of 33%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Slovakia (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of extruded solid rubber rod imports to Croatia, with a combined 57% share of total imports. Spain, Belgium, Hungary, Austria and Slovenia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +70.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest extruded solid rubber rod suppliers to Croatia were Germany ($X), Italy ($X) and Slovakia ($X), together comprising 57% of total imports. Belgium, Hungary, Spain, Austria and Slovenia lagged somewhat behind, together accounting for a further 32%.

Among the main suppliers, Hungary, with a CAGR of +58.8%, recorded 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

In 2022, the average extruded solid rubber rod import price amounted to $X per ton, picking up by 9.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 31%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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