Croatia: Market for Industrial Tall Oil Fatty Acids 2024

Market Size for Industrial Tall Oil Fatty Acids in Croatia

The Croatian tall oil fatty acids market soared to $X in 2021, jumping by 25% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Industrial Tall Oil Fatty Acids in Croatia

In value terms, tall oil fatty acids production surged to $X in 2021 estimated in export price. Overall, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 110%. Over the period under review, production attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Exports of Industrial Tall Oil Fatty Acids

Exports from Croatia

Tall oil fatty acids exports from Croatia expanded sharply to X tons in 2021, surging by 13% against the previous year. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 297%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, tall oil fatty acids exports surged to $X in 2021. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 266% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for tall oil fatty acids exports from Croatia, with a 63% share of total exports. Moreover, tall oil fatty acids exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was held by Austria (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +15.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-7.8% per year) and Austria (+21.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for industrial tall oil fatty acids exports from Croatia, comprising 66% of total exports. The second position in the ranking was held by Italy ($X), with a 21% share of total exports. It was followed by Austria, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.2% per year) and Austria (+23.9% per year).

Export Prices by Country

In 2021, the average tall oil fatty acids export price amounted to $X per ton, with an increase of 76% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were Germany ($X per ton) and the Netherlands ($X per ton), while the average price for exports to Austria ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Tall Oil Fatty Acids

Imports into Croatia

In 2021, tall oil fatty acids imports into Croatia reduced to X tons, shrinking by -8.7% on the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 138% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, tall oil fatty acids imports rose remarkably to $X in 2021. Overall, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of 111%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Austria (X tons) constituted the largest tall oil fatty acids supplier to Croatia, with a 51% share of total imports. Moreover, tall oil fatty acids imports from Austria exceeded the figures recorded by the second-largest supplier, Finland (X tons), threefold. The third position in this ranking was taken by Serbia (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+0.3% per year) and Serbia (+17.9% per year).

In value terms, Austria ($X) constituted the largest supplier of industrial tall oil fatty acids to Croatia, comprising 56% of total imports. The second position in the ranking was held by Finland ($X), with a 24% share of total imports. It was followed by the Netherlands, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from Austria amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-0.2% per year) and the Netherlands (-0.7% per year).

Import Prices by Country

In 2021, the average tall oil fatty acids import price amounted to $X per ton, picking up by 25% against the previous year. In general, the import price, however, saw a slight reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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