Croatia: Fluoropolymers Market 2024

Fluoropolymers Market Size in Croatia

In 2021, the Croatian fluoropolymers market increased by 168% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a slight contraction. Fluoropolymers consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Fluoropolymers Exports

Exports from Croatia

For the third year in a row, Croatia recorded growth in shipments abroad of fluoropolymers, which increased by 371% to X kg in 2021. Overall, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fluoropolymers exports surged to $X in 2021. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

North Macedonia (X kg) was the main destination for fluoropolymers exports from Croatia, accounting for a 63% share of total exports. Moreover, fluoropolymers exports to North Macedonia exceeded the volume sent to the second major destination, Germany (X kg), twofold. The third position in this ranking was held by Slovenia (X kg), with a 5% share.

From 2013 to 2021, the average annual rate of growth in terms of volume to North Macedonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.3% per year) and Slovenia (+54.9% per year).

In value terms, North Macedonia ($X) emerged as the key foreign market for fluoropolymers exports from Croatia, comprising 64% of total exports. The second position in the ranking was taken by Germany ($X), with a 25% share of total exports. It was followed by Slovenia, with a 5.5% share.

From 2013 to 2021, the average annual growth rate of value to North Macedonia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+27.3% per year) and Slovenia (+40.1% per year).

Export Prices by Country

In 2021, the average fluoropolymers export price amounted to $X per ton, growing by 91% against the previous year. Over the period under review, export price indicated measured growth from 2013 to 2021: its price increased at an average annual rate of +3.2% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fluoropolymers export price decreased by -2.3% against 2019 indices. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Bosnia and Herzegovina ($X per ton) and Slovenia ($X per ton), while the average price for exports to Germany ($X per ton) and North Macedonia ($X per ton) were amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into Croatia

In 2021, after two years of decline, there was significant growth in supplies from abroad of fluoropolymers, when their volume increased by 183% to X tons. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2012; afterwards, it flattened through to 2021.

In value terms, fluoropolymers imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a perceptible reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of fluoropolymers to Croatia, with a 72% share of total imports. Moreover, fluoropolymers imports from Italy exceeded the figures recorded by the second-largest supplier, Slovenia (X kg), fivefold. The third position in this ranking was taken by Germany (X kg), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+0.2% per year) and Germany (+60.4% per year).

In value terms, the largest fluoropolymers suppliers to Croatia were Italy ($X), Slovenia ($X) and Germany ($X), together comprising 98% of total imports.

Germany, with a CAGR of +69.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average fluoropolymers import price stood at $X per ton in 2021, with a decrease of -5% against the previous year. In general, the import price showed a pronounced slump. The growth pace was the most rapid in 2020 an increase of 106% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, 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 Slovenia ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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