Croatia: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Croatia

The Croatian heterocyclic compound market rose notably to $X in 2022, growing by X% against the previous year. In general, consumption, however, continues to indicate a perceptible descent. Heterocyclic compound consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Heterocyclic Compound Production in Croatia

In value terms, heterocyclic compound production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Heterocyclic compound production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Heterocyclic Compound Exports

Exports from Croatia

In 2022, overseas shipments of heterocyclic compounds increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, heterocyclic compound exports rose slightly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for heterocyclic compound exports from Croatia, with a X% share of total exports. Moreover, heterocyclic compound exports to Spain exceeded the volume sent to the second major destination, Russia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to X%.

In value terms, Spain ($X) remains the key foreign market for heterocyclic compounds exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Spain was relatively modest.

Export Prices by Country

In 2022, the average heterocyclic compound export price amounted to $X per ton, approximately equating the previous year. In general, the export price saw a abrupt setback. The growth pace was the most rapid in 2020 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Spain amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Heterocyclic Compound Imports

Imports into Croatia

In 2022, the amount of heterocyclic compounds imported into Croatia reduced modestly to X tons, approximately mirroring 2021. Overall, imports showed a noticeable reduction. The pace of growth appeared the most rapid in 2014 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, heterocyclic compound imports shrank sharply to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of heterocyclic compound imports to Croatia, together accounting for X% of total imports. India, Latvia, Spain, the Netherlands and the UK lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest heterocyclic compound suppliers to Croatia were Latvia ($X), India ($X) and Germany ($X), together comprising X% of total imports.

In terms of the main suppliers, Latvia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average heterocyclic compound import price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, heterocyclic compound import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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