Croatia: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Croatia

In 2022, the Croatian mixed fertilizer market increased by 71% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +85.0% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Mixed Fertilizer Production in Croatia

In value terms, mixed fertilizer production expanded notably to $X in 2022 estimated in export price. Overall, production, however, showed a deep setback. The pace of growth was the most pronounced in 2015 when the production volume increased by 48%. Mixed fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Mixed Fertilizer Exports

Exports from Croatia

In 2022, shipments abroad of mixed fertilizers decreased by -46.1% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 95% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixed fertilizer exports declined notably to $X in 2022. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 67%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X tons) was the main destination for mixed fertilizer exports from Croatia, accounting for a 36% share of total exports. Moreover, mixed fertilizer exports to Hungary exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), threefold. Slovenia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-14.1% per year) and Slovenia (-17.2% per year).

In value terms, Hungary ($X) remains the key foreign market for mixed fertilizers exports from Croatia, comprising 37% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 15% share of total exports. It was followed by Slovenia, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-11.6% per year) and Slovenia (-13.5% per year).

Export Prices by Country

In 2022, the average mixed fertilizer export price amounted to $X per ton, with an increase of 57% against the previous year. Over the period under review, the export price enjoyed measured growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Croatia

For the third consecutive year, Croatia recorded growth in overseas purchases of mixed fertilizers, which increased by 8.8% to X tons in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 52%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, mixed fertilizer imports soared to $X in 2022. Overall, imports recorded measured growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Serbia (X tons) constituted the largest supplier of mixed fertilizer to Croatia, with a 39% share of total imports. Moreover, mixed fertilizer imports from Serbia exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Poland (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Serbia totaled +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+13.7% per year) and Poland (+11.7% per year).

In value terms, Serbia ($X) constituted the largest supplier of mixed fertilizers to Croatia, comprising 39% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Russia, with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Serbia stood at +38.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.1% per year) and Russia (-9.5% per year).

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, surging by 46% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed fertilizer import price increased by +113.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 46%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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