Croatia: Market for Refined or Synthetic Glycerol 2024

Market Size for Refined or Synthetic Glycerol in Croatia

The Croatian refined or synthetic glycerol market surged to $X in 2022, growing by 85% against the previous year. In general, consumption saw significant growth. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in the immediate term.

Production of Refined or Synthetic Glycerol in Croatia

In value terms, refined or synthetic glycerol production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 178% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Refined or Synthetic Glycerol

Exports from Croatia

Refined or synthetic glycerol exports from Croatia soared to X tons in 2022, increasing by 101% against 2021 figures. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 145% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, refined or synthetic glycerol exports soared to $X in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 177%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Austria (X tons), Italy (X tons) and Slovenia (X tons) were the main destinations of refined or synthetic glycerol exports from Croatia, together accounting for 91% of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +590.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for refined or synthetic glycerol exports from Croatia, comprising 79% of total exports. The second position in the ranking was held by Austria ($X), with a 7.3% share of total exports. It was followed by Slovenia, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +913.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+291.9% per year) and Slovenia (+33.2% per year).

Export Prices by Country

In 2022, the average refined or synthetic glycerol export price amounted to $X per ton, declining by -36.4% against the previous year. Overall, the export price, however, saw a perceptible increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 160% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Austria ($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 Italy (+46.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Refined or Synthetic Glycerol

Imports into Croatia

In 2022, the amount of refined or synthetic glycerol imported into Croatia skyrocketed to X tons, picking up by 52% against the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of 78% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, refined or synthetic glycerol imports soared to $X in 2022. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 126% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest refined or synthetic glycerol supplier to Croatia, accounting for a 45% share of total imports. Moreover, refined or synthetic glycerol imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +134.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+74.7% per year) and the Czech Republic (+24.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of refined or synthetic glycerol to Croatia, comprising 49% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by the Czech Republic, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +115.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.9% per year) and the Czech Republic (+24.2% per year).

Import Prices by Country

In 2022, the average refined or synthetic glycerol import price amounted to $X per ton, surging by 39% against the previous year. Overall, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, refined or synthetic glycerol import price increased by +101.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 45% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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