Croatia: Market for High-Tenacity Filament Yarn Of Polyesters 2024

Market Size for High-Tenacity Filament Yarn Of Polyesters in Croatia

The Croatian high-tenacity filament polyester yarn market soared to $X in 2021, surging by 19% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a prominent increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of High-Tenacity Filament Yarn Of Polyesters

Exports from Croatia

In 2021, after two years of decline, there was significant growth in shipments abroad of high-tenacity filament yarn of polyesters, when their volume increased by 17,217% to X tons. In general, exports enjoyed a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, high-tenacity filament polyester yarn exports skyrocketed to $X in 2021. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for high-tenacity filament polyester yarn exports from Croatia, with a 70% share of total exports. Moreover, high-tenacity filament polyester yarn exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+74.3% per year) and Bosnia and Herzegovina (+29.9% per year).

In value terms, the largest markets for high-tenacity filament polyester yarn exported from Croatia were Bosnia and Herzegovina ($X), Germany ($X) and Italy ($X), together accounting for 99.9% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +68.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average high-tenacity filament polyester yarn export price amounted to $X per ton, reducing by -23.8% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 97% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Italy ($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 Italy (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of High-Tenacity Filament Yarn Of Polyesters

Imports into Croatia

For the third consecutive year, Croatia recorded growth in supplies from abroad of high-tenacity filament yarn of polyesters, which increased by 12% to X tons in 2021. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 185% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, high-tenacity filament polyester yarn imports surged to $X in 2021. Over the period under review, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 190% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of high-tenacity filament polyester yarn to Croatia, accounting for a 77% share of total imports. Moreover, high-tenacity filament polyester yarn imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. The third position in this ranking was held by Vietnam (X tons), with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+51.0% per year) and Vietnam (0.0% per year).

In value terms, China ($X) constituted the largest supplier of high-tenacity filament yarn of polyesters to Croatia, comprising 72% of total imports. The second position in the ranking was taken by Poland ($X), with an 11% share of total imports. It was followed by Vietnam, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+43.0% per year) and Vietnam (0.0% per year).

Import Prices by Country

The average high-tenacity filament polyester yarn import price stood at $X per ton in 2021, surging by 9.4% against the previous year. Overall, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2018 an increase of 38%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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