Croatia: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Croatia

The Croatian non-cellular polystyrene film market fell sharply to $X in 2022, which is down by -23.2% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.6% 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 +13.3% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Non-Cellular Polystyrene Film Production in Croatia

In value terms, non-cellular polystyrene film production declined sharply to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +20.8% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, production attained the peak level of $X, and then declined notably in the following year.

Non-Cellular Polystyrene Film Exports

Exports from Croatia

In 2022, shipments abroad of non-cellular polystyrene films, sheets, foil and strip increased by 389% to X tons, rising for the third year in a row after two years of decline. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2016 when exports increased by 414%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-cellular polystyrene film exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 310%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Slovenia (X tons) was the main destination for non-cellular polystyrene film exports from Croatia, with a 52% share of total exports. Moreover, non-cellular polystyrene film exports to Slovenia exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was taken by Bosnia and Herzegovina (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+36.2% per year) and Bosnia and Herzegovina (+16.3% per year).

In value terms, Slovenia ($X) remains the key foreign market for non-cellular polystyrene films, sheets, foil and strip exports from Croatia, comprising 46% of total exports. The second position in the ranking was taken by Italy ($X), with a 20% share of total exports. It was followed by Bosnia and Herzegovina, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia totaled +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+36.6% per year) and Bosnia and Herzegovina (+36.1% per year).

Export Prices by Country

The average non-cellular polystyrene film export price stood at $X per ton in 2022, declining by -33.4% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 82% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Bosnia and Herzegovina ($X per ton) and Italy ($X per ton), while the average price for exports to Slovenia ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Cellular Polystyrene Film Imports

Imports into Croatia

Non-cellular polystyrene film imports into Croatia dropped to X tons in 2022, waning by -10.3% compared with the year before. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +6.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 24%. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, non-cellular polystyrene film imports reduced slightly to $X in 2022. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 36%. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, Austria (X tons) constituted the largest non-cellular polystyrene film supplier to Croatia, with a 38% share of total imports. Moreover, non-cellular polystyrene film imports from Austria exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Slovenia (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+17.4% per year) and Slovenia (+4.6% per year).

In value terms, Austria ($X) constituted the largest supplier of non-cellular polystyrene films, sheets, foil and strip to Croatia, comprising 45% of total imports. The second position in the ranking was taken by Slovenia ($X), with a 13% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Austria stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+12.4% per year) and the Czech Republic (+8.2% per year).

Import Prices by Country

In 2022, the average non-cellular polystyrene film import price amounted to $X per ton, surging by 10% against the previous year. Over the last decade, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady 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 Hungary ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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