Croatia: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Croatia

In 2021, the Croatian market for oleic, linoleic or linolenic acids, their salts and esters was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from Croatia

In 2021, exports of oleic, linoleic or linolenic acids, their salts and esters from Croatia soared to X tons, growing by 46% on the previous year's figure. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 1,311%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, oleic, linoleic or linolenic acids exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2017 with an increase of 1,300% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for oleic, linoleic or linolenic acids exports from Croatia, with a 62% share of total exports. Moreover, oleic, linoleic or linolenic acids exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, North Macedonia (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +34.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+40.3% per year) and Slovenia (-6.9% per year).

In value terms, Bosnia and Herzegovina ($X), North Macedonia ($X) and Slovenia ($X) appeared to be the largest markets for oleic, linoleic or linolenic acids exported from Croatia worldwide.

Among the main countries of destination, North Macedonia, with a CAGR of +42.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for oleic, linoleic or linolenic acids, their salts and esters stood at $X per ton in 2021, growing by 16% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 North Macedonia (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into Croatia

In 2021, the amount of oleic, linoleic or linolenic acids, their salts and esters imported into Croatia soared to X tons, picking up by 399% on the previous year's figure. Over the period under review, imports posted a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids imports surged to $X in 2021. In general, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest oleic, linoleic or linolenic acids supplier to Croatia, with a 81% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), eightfold. The third position in this ranking was taken by Spain (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium amounted to +235.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.2% per year) and Spain (+5.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to Croatia, comprising 68% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Spain, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Belgium amounted to +257.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.8% per year) and Spain (+13.5% per year).

Import Prices by Country

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, which is down by -34.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 29%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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