Croatia: Fertilizer Market 2024

Fertilizer Market Size in Croatia

In 2022, the Croatian fertilizer market increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption enjoyed a measured increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Fertilizer Production in Croatia

In value terms, fertilizer production dropped notably to $X in 2022 estimated in export price. In general, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fertilizer Exports

Exports from Croatia

For the third consecutive year, Croatia recorded decline in shipments abroad of fertilizers, which decreased by X% to X tons in 2022. Over the period under review, exports recorded a abrupt decrease. The growth pace was the most rapid in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, fertilizer exports plummeted to $X in 2022. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X tons), Slovenia (X tons) and Italy (X tons) were the main destinations of fertilizer exports from Croatia, together accounting for X% of total exports. Bosnia and Herzegovina, Austria, Romania, Serbia and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, Hungary ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) were the largest markets for fertilizer exported from Croatia worldwide, with a combined X% share of total exports. Serbia, Italy, Austria, Romania and Turkey lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Italy ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Croatia

In 2022, purchases abroad of fertilizers increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports surged to $X in 2022. Over the period under review, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Hungary (X tons) and Slovenia (X tons) were the main suppliers of fertilizer imports to Croatia, with a combined X% share of total imports. Serbia, Romania, Russia, Austria, Slovakia, Poland, Turkey, Germany, Sweden and Egypt lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest fertilizer suppliers to Croatia were Italy ($X), Serbia ($X) and Slovenia ($X), together comprising X% of total imports. Hungary, Russia, Austria, Turkey, Romania, Poland, Sweden, Germany, Slovakia and Egypt lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, saw the highest growth rate of 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

The average fertilizer import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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