Croatia: Lysine Market 2024

Lysine Market Size in Croatia

The Croatian lysine market expanded markedly to $X in 2022, growing by 8.4% 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). In general, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.6% against 2019 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Lysine Exports

Exports from Croatia

In 2022, shipments abroad of lysine and its esters, and salts thereof increased by 84% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 837%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, lysine exports surged to $X in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 589% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Bosnia and Herzegovina (X tons) and Romania (X tons) were the main destinations of lysine exports from Croatia, with a combined 57% share of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +625.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) emerged as the key foreign market for lysine and its esters, and salts thereof exports from Croatia, comprising 33% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 13% share of total exports. It was followed by Romania, with a 12% share.

From 2013 to 2022, the average annual growth rate of value to the Czech Republic amounted to +388.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+397.1% per year) and Romania (+831.8% per year).

Export Prices by Country

The average lysine export price stood at $X per ton in 2022, growing by 17% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 81%. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the Czech Republic ($X per ton) and Bulgaria ($X per ton), while the average price for exports to Slovenia ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+42.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lysine Imports

Imports into Croatia

In 2022, approx. X tons of lysine and its esters, and salts thereof were imported into Croatia; increasing by 2.1% on the year before. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, lysine imports surged to $X in 2022. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 69%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Slovenia (X tons) and Poland (X tons) were the main suppliers of lysine imports to Croatia, together comprising 62% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +82.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Slovenia ($X) and Poland ($X) appeared to be the largest lysine suppliers to Croatia, with a combined 64% share of total imports.

Among the main suppliers, Poland, with a CAGR of +100.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lysine import price stood at $X per ton in 2022, increasing by 39% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 40% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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