Croatia: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Croatia

After four years of growth, the Croatian natural rubber and gum market decreased by -82.6% to $X in 2022. Over the period under review, consumption saw a deep reduction. Natural rubber and gum consumption peaked at $X in 2021, and then fell dramatically in the following year.

Exports of Natural Rubber And Gums

Exports from Croatia

After three years of growth, overseas shipments of natural rubber and gums decreased by -25.4% to X kg in 2022. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 3,200%. Over the period under review, the exports hit record highs at X kg in 2021, and then fell dramatically in the following year.

In value terms, natural rubber and gum exports contracted to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 6,400% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Slovenia (X kg), Serbia (X kg) and Hungary (X kg) were the main destinations of natural rubber and gum exports from Croatia, together accounting for 99% 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 Slovenia (with a CAGR of +62.5%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) remains the key foreign market for natural rubber and gums exports from Croatia, comprising 47% of total exports. The second position in the ranking was held by Serbia ($X), with an 18% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Slovenia stood at +43.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+175.7% per year) and Hungary (+5.4% per year).

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, growing by 22% against the previous year. Overall, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 97% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+127.1%), while the prices for the other major destinations experienced a decline.

Imports of Natural Rubber And Gums

Imports into Croatia

In 2022, after four years of growth, there was significant decline in purchases abroad of natural rubber and gums, when their volume decreased by -87.5% to X tons. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 104% against the previous year. Imports peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, natural rubber and gum imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of natural rubber and gum imports to Croatia, together comprising 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +440.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Denmark ($X) constituted the largest supplier of natural rubber and gums to Croatia, comprising 90% of total imports. The second position in the ranking was taken by Germany ($X), with a 7.1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Denmark stood at +849.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.9% per year) and Italy (+9.2% per year).

Import Prices by Country

In 2022, the average natural rubber and gum import price amounted to $X per ton, surging by 2,019% against the previous year. Over the period under review, the import price recorded a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Denmark ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+75.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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