Croatia: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in Croatia

The Croatian market for liquid or compressed air and distilled or conductivity water rose notably to $X in 2021, picking up by 5% against the previous year. In general, the total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.9% against 2018 indices. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in Croatia

In value terms, liquid air and distilled water production rose sharply to $X in 2021 estimated in export price. Overall, the total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +29.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 55% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from Croatia

In 2021, overseas shipments of liquid or compressed air and distilled or conductivity water increased by 41% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 131% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, liquid air and distilled water exports skyrocketed to $X in 2021. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 118% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

Slovenia (X tons) was the main destination for liquid air and distilled water exports from Croatia, with a 72% share of total exports. Moreover, liquid air and distilled water exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), fourfold. The third position in this ranking was held by Denmark (X tons), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia amounted to +73.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-2.9% per year) and Denmark (-31.2% per year).

In value terms, the largest markets for liquid air and distilled water exported from Croatia were Slovenia ($X), Denmark ($X) and Bosnia and Herzegovina ($X), with a combined 93% share of total exports.

Among the main countries of destination, Slovenia, with a CAGR of +74.4%, saw the highest rates of growth with regard to 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 export price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, growing by 15% against the previous year. In general, the export price recorded pronounced growth. The growth pace was the most rapid in 2018 when the average export price increased by 183%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Austria ($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 Denmark (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into Croatia

In 2021, after two years of growth, there was significant decline in purchases abroad of liquid or compressed air and distilled or conductivity water, when their volume decreased by -5.6% to X tons. Overall, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 42%. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, liquid air and distilled water imports soared to $X in 2021. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 46%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest liquid air and distilled water supplier to Croatia, accounting for a 75% share of total imports. Moreover, liquid air and distilled water imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +24.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+9.6% per year) and the Netherlands (+81.8% per year).

In value terms, Germany ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to Croatia, comprising 45% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 14% share of total imports. It was followed by Poland, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+25.7% per year) and Poland (+113.6% per year).

Import Prices by Country

The average import price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, surging by 26% against the previous year. In general, the import price, however, showed a deep downturn. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 Poland ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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