Croatia: Monophenols Market 2024

Monophenols Market Size in Croatia

In 2021, after two years of growth, there was significant decline in the Croatian monophenols market, when its value decreased by -10.6% to $X. Over the period under review, consumption continues to indicate a slight decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Monophenols Production in Croatia

In value terms, monophenols production shrank to $X in 2021 estimated in export price. Overall, production showed a slight slump. The growth pace was the most rapid in 2014 when the production volume increased by 46% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Monophenols Exports

Exports from Croatia

In 2021, shipments abroad of monophenols decreased by -77.6% to X kg, falling for the eighth consecutive year after two years of growth. Over the period under review, exports recorded a dramatic downturn. The growth pace was the most rapid in 2013 with an increase of 35%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, monophenols exports shrank significantly to $X in 2021. Overall, exports faced a deep slump. The pace of growth appeared the most rapid in 2014 when exports increased by 70% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovenia (X kg) and Bosnia and Herzegovina (X kg) were the main destinations of monophenols exports from Croatia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bosnia and Herzegovina (with a CAGR of -10.6%).

In value terms, Bosnia and Herzegovina ($X) and Slovenia ($X) appeared to be the largest markets for monophenols exported from Croatia worldwide.

Bosnia and Herzegovina, with a CAGR of -10.5%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average monophenols export price stood at $X per ton in 2021, with an increase of 23% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, monophenols export price increased by +72.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 72%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovenia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+0.1%), while the prices for the other major destinations experienced a decline.

Monophenols Imports

Imports into Croatia

In 2021, supplies from abroad of monophenols decreased by -34% to X tons, falling for the second consecutive year after three years of growth. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 167%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, monophenols imports dropped significantly to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 75%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of monophenols to Croatia, accounting for a 72% share of total imports. Moreover, monophenols imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), eightfold. France (X kg) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.6% per year) and France (+48.8% per year).

In value terms, Germany ($X) constituted the largest supplier of monophenols to Croatia, comprising 72% of total imports. The second position in the ranking was held by France ($X), with a 7% share of total imports. It was followed by China, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+35.3% per year) and China (+6.6% per year).

Import Prices by Country

In 2021, the average monophenols import price amounted to $X per ton, which is down by -5.6% against the previous year. In general, import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, monophenols import price increased by +96.7% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 98%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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