Croatia: Market for Oils And Other Products Of The Distillation Of High Temperature Coal Tar 2024

Market Size for Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Croatia

The Croatian oils from coal tar market expanded sharply to $X in 2021, picking up by 9.8% against the previous year. Over the period under review, consumption, however, continues to indicate significant growth. Oils from coal tar consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Oils And Other Products Of The Distillation Of High Temperature Coal Tar in Croatia

In value terms, oils from coal tar production expanded notably to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable slump. The growth pace was the most rapid in 2017 with an increase of 11%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Exports from Croatia

In 2021, overseas shipments of oils and other products of the distillation of high temperature coal tar increased by 82% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 164% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, oils from coal tar exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 214% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for oils from coal tar exports from Croatia, accounting for a 68% share of total exports. Moreover, oils from coal tar exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands stood at +29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-7.6% per year) and Hungary (+777.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for oils and other products of the distillation of high temperature coal tar exports from Croatia, comprising 68% of total exports. The second position in the ranking was held by Belgium ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-10.6% per year) and Hungary (+544.3% per year).

Export Prices by Country

In 2021, the average oils from coal tar export price amounted to $X per ton, picking up by 58% against the previous year. Over the period under review, the export price, however, showed a pronounced setback. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+70.9%), while the prices for the other major destinations experienced a decline.

Imports of Oils And Other Products Of The Distillation Of High Temperature Coal Tar

Imports into Croatia

In 2021, approx. X tons of oils and other products of the distillation of high temperature coal tar were imported into Croatia; waning by -13.3% against the previous year. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2018 when imports increased by 431%. Imports peaked at X tons in 2020, and then reduced in the following year.

In value terms, oils from coal tar imports surged to $X in 2021. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 463%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of oils from coal tar to Croatia, with a 64% share of total imports. Moreover, oils from coal tar imports from Russia exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +160.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+71.1% per year) and Hungary (+36.0% per year).

In value terms, Russia ($X) constituted the largest supplier of oils and other products of the distillation of high temperature coal tar to Croatia, comprising 64% of total imports. The second position in the ranking was held by Slovakia ($X), with a 19% share of total imports. It was followed by Hungary, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +142.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+53.0% per year) and Hungary (+24.2% per year).

Import Prices by Country

The average oils from coal tar import price stood at $X per ton in 2021, with an increase of 87% against the previous year. Over the period under review, the import price, however, recorded a abrupt shrinkage. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+84.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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