Croatia: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Croatia

The Croatian glycosides and vegetable alkaloids market rose significantly to $X in 2021, with an increase of 6.5% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Production of Glycosides And Vegetable Alkaloids in Croatia

In value terms, glycosides and vegetable alkaloids production rose to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Exports of Glycosides And Vegetable Alkaloids

Exports from Croatia

In 2021, exports of glycosides and vegetable alkaloids from Croatia surged to X tons, increasing by 63% against the year before. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 1,082%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids exports rose notably to $X in 2021. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 569%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons), Russia (X tons) and Slovenia (X tons) were the main destinations of glycosides and vegetable alkaloids exports from Croatia, with a combined 78% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +3.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Russia ($X) remains the key foreign market for glycosides and vegetable alkaloids exports from Croatia, comprising 53% of total exports. The second position in the ranking was held by Ukraine ($X), with a 27% share of total exports. It was followed by Poland, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+29.1% per year) and Poland (-0.7% per year).

Export Prices by Country

The average glycosides and vegetable alkaloids export price stood at $X per ton in 2021, declining by -33.5% against the previous year. Over the period under review, the export price, however, saw buoyant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 185%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then contracted significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+33.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into Croatia

In 2021, the amount of glycosides and vegetable alkaloids imported into Croatia surged to X tons, picking up by 74% on the previous year's figure. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 282% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, glycosides and vegetable alkaloids imports soared to $X in 2021. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 118%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of glycosides and vegetable alkaloids to Croatia, accounting for a 42% share of total imports. Moreover, glycosides and vegetable alkaloids imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +51.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+46.3% per year) and the Netherlands (+63.5% per year).

In value terms, Germany ($X), China ($X) and the Netherlands ($X) appeared to be the largest glycosides and vegetable alkaloids suppliers to Croatia, together comprising 69% of total imports. Poland, Italy, Switzerland and Sweden lagged somewhat behind, together accounting for a further 23%.

Poland, with a CAGR of +164.7%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average glycosides and vegetable alkaloids import price amounted to $X per ton, dropping by -25% against the previous year. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 an increase of 46% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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