Croatia: Lactam Market 2025

Lactam Market Size in Croatia

For the third consecutive year, the Croatian lactam market recorded decline in sales value, which decreased by -95.8% to $X in 2021. Overall, consumption saw a precipitous contraction. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Lactam Production in Croatia

In value terms, lactam production declined significantly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 45%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Lactam Exports

Exports from Croatia

In 2021, the amount of lactams from heterocyclic compounds exported from Croatia surged to X tons, rising by 1,098% on 2020. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 1,931%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, lactam exports contracted sharply to $X in 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 1,425% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for lactam exports from Croatia, with a 133% share of total exports. Moreover, lactam exports to Canada exceeded the volume sent to the second major destination, Greece (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume to Canada amounted to +1,086.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (0.0% per year) and Israel (+76.8% per year).

In value terms, Canada ($X) remains the key foreign market for lactams from heterocyclic compounds exports from Croatia, comprising 87% of total exports. The second position in the ranking was taken by Israel ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +143.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+91.5% per year) and Greece (0.0% per year).

Export Prices by Country

The average lactam export price stood at $X per ton in 2021, falling by -97.2% against the previous year. Overall, the export price, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 3,085%. The export price peaked at $X per ton in 2020, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Greece ($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 Israel (+8.3%), while the prices for the other major destinations experienced a decline.

Lactam Imports

Imports into Croatia

In 2021, the amount of lactams from heterocyclic compounds imported into Croatia rose to X tons, growing by 3.9% on the previous year's figure. Overall, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 4,270% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, lactam imports soared to $X in 2021. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 342%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest lactam supplier to Croatia, with a 9.8% share of total imports. Moreover, lactam imports from the Netherlands exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Latvia (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands totaled +88.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.4% per year) and Latvia (+425.3% per year).

In value terms, India ($X) constituted the largest supplier of lactams from heterocyclic compounds to Croatia, comprising 62% of total imports. The second position in the ranking was held by Latvia ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +51.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (+1,400.3% per year) and the Netherlands (+145.3% per year).

Import Prices by Country

The average lactam import price stood at $X per ton in 2021, with an increase of 65% against the previous year. Overall, the import price posted a remarkable increase. The growth pace was the most rapid in 2015 an increase of 370% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 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, amid the top importers, the country with the highest price was India ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+185.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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