Croatia: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Croatia

The Croatian market for floor, wall or ceiling coverings of plastics skyrocketed to $X in 2022, increasing by 19% against the previous year. Over the period under review, consumption recorded a buoyant expansion. Consumption of peaked in 2022 and is likely to see steady growth in the near future.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Croatia

In value terms, production of floor, wall or ceiling coverings of plastics surged to $X in 2022 estimated in export price. In general, production, however, showed a dramatic contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 699% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Croatia

In 2022, after five years of growth, there was significant decline in overseas shipments of floor, wall or ceiling coverings of plastics, when their volume decreased by -52.6% to X square meters. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 150%. The exports peaked at X square meters in 2021, and then declined significantly in the following year.

In value terms, exports of floor, wall or ceiling coverings of plastics fell remarkably to $X in 2022. Over the period under review, exports, however, posted a strong increase. The growth pace was the most rapid in 2021 when exports increased by 144% against the previous year. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Bosnia and Herzegovina (X square meters) was the main destination for exports of floor, wall or ceiling coverings of plastics from Croatia, accounting for a 57% share of total exports. Moreover, exports of floor, wall or ceiling coverings of plastics to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Montenegro (X square meters), threefold. Slovenia (X square meters) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+93.3% per year) and Slovenia (+22.4% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for floor, wall or ceiling coverings of plastics exports from Croatia, comprising 51% of total exports. The second position in the ranking was taken by Montenegro ($X), with a 22% share of total exports. It was followed by Slovenia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina stood at +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+85.2% per year) and Slovenia (+15.6% per year).

Export Prices by Country

In 2022, the average export price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, increasing by 13% against the previous year. Overall, the export price, however, saw a mild reduction. The pace of growth appeared the most rapid in 2021 an increase of 16% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per square meter in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Montenegro ($X per square meter) and Serbia ($X per square meter), while the average price for exports to Bosnia and Herzegovina ($X per square meter) and Slovenia ($X per square meter) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Croatia

For the eleventh year in a row, Croatia recorded growth in supplies from abroad of floor, wall or ceiling coverings of plastics, which increased by 18% to X square meters in 2022. In general, imports showed buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 29%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of floor, wall or ceiling coverings of plastics rose rapidly to $X in 2022. Overall, imports showed a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 33%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X square meters), Turkey (X square meters) and Slovenia (X square meters) were the main suppliers of imports of floor, wall or ceiling coverings of plastics to Croatia, together comprising 47% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +36.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic floor, wall and ceiling coverings suppliers to Croatia were Germany ($X), Slovenia ($X) and Belgium ($X), together accounting for 46% of total imports. France, the Netherlands, Poland, China, Turkey, Serbia, Austria, Italy and Hungary lagged somewhat behind, together accounting for a further 48%.

The Netherlands, with a CAGR of +24.5%, saw the highest rates of growth with regard to the value of imports, among 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 import price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, waning by -3.6% against the previous year. Overall, the import price saw a noticeable downturn. The growth pace was the most rapid in 2021 when the average import price increased by 8.8% against the previous year. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per square meter), while the price for Turkey ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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