Croatia: Market for Isoprene Rubber (IR) in Primary Forms 2024

Market Size for Isoprene Rubber (IR) in Primary Forms in Croatia

In 2021, the Croatian market for isoprene rubber (IR) in primary forms increased by 2.8% to $X, rising for the third consecutive year after four years of decline. Overall, consumption, however, continues to indicate a noticeable decline. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Isoprene Rubber (IR) in Primary Forms in Croatia

In value terms, production of isoprene rubber (IR) in primary forms amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 14% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Isoprene Rubber (IR) in Primary Forms

Exports from Croatia

In 2019, shipments abroad of isoprene rubber (IR) in primary forms increased by 5.3% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports showed buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 165%. Over the period under review, the exports of reached the peak figure in 2019 and are likely to continue growth in years to come.

In value terms, exports of isoprene rubber (IR) in primary forms soared to $X in 2019. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 450% against the previous year. The exports peaked in 2019 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for exports of isoprene rubber (IR) in primary forms from Croatia, accounting for a 82% share of total exports. Moreover, exports of isoprene rubber (IR) in primary forms to Germany exceeded the volume sent to the second major destination, Denmark (X kg), fivefold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Germany amounted to +42.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-4.8% per year) and the Netherlands (-63.2% per year).

In value terms, Germany ($X) emerged as the key foreign market for isoprene rubber (IR) in primary forms exports from Croatia, comprising 88% of total exports. The second position in the ranking was taken by Denmark ($X), with a 12% share of total exports.

From 2012 to 2019, the average annual growth rate of value to Germany amounted to +93.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-12.1% per year) and the Netherlands (-62.9% per year).

Export Prices by Country

The average export price for isoprene rubber (IR) in primary forms stood at $X per ton in 2019, rising by 25% against the previous year. Overall, the export price enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 an increase of 682%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+36.2%), while the prices for the other major destinations experienced a decline.

Imports of Isoprene Rubber (IR) in Primary Forms

Imports into Croatia

In 2021, approx. X kg of isoprene rubber (IR) in primary forms were imported into Croatia; surging by 88% against 2020. Over the period under review, imports, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 904% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of isoprene rubber (IR) in primary forms surged to $X in 2021. In general, imports, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 1,175% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X kg) was the main isoprene rubber (IR) in primary form supplier to Croatia, with a 97% share of total imports. It was followed by Italy (X kg), with a 2.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to +106.3%.

In value terms, the Netherlands ($X) constituted the largest supplier of isoprene rubber (IR) in primary forms to Croatia, comprising 93% of total imports. The second position in the ranking was held by Italy ($X), with a 6.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +124.3%.

Import Prices by Country

The average import price for isoprene rubber (IR) in primary forms stood at $X per ton in 2021, picking up by 28% against the previous year. Overall, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 302%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+38.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform