Croatia: X-Ray Examination Preparations Market 2024

X-Ray Examination Preparations Market Size in Croatia

The Croatian x-ray examination preparations market declined to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +38.9% against 2020 indices. As a result, consumption attained the peak level of $X, leveling off in the following year.

X-Ray Examination Preparations Production in Croatia

In value terms, x-ray examination preparations production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production faced a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 0.6% against the previous year. X-ray examination preparations production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

X-Ray Examination Preparations Exports

Exports from Croatia

In 2022, shipments abroad of opacifying preparations for x-ray examinations increased by 143% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, x-ray examination preparations exports soared to $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 145%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Bosnia and Herzegovina (X tons), Slovenia (X tons) and North Macedonia (X kg) were the main destinations of x-ray examination preparations exports from Croatia, together accounting for 100% of total exports.

From 2012 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 +23.3%), while the other leaders experienced mixed trend patterns.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for opacifying preparations for x-ray examinations exports from Croatia, comprising 73% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina totaled +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+20.3% per year) and North Macedonia (+2.3% per year).

Export Prices by Country

In 2022, the average x-ray examination preparations export price amounted to $X per ton, declining by -46.6% against the previous year. In general, the export price, however, posted a slight expansion. The growth pace was the most rapid in 2015 when the average export price increased by 62%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+123.3%), while the prices for the other major destinations experienced mixed trend patterns.

X-Ray Examination Preparations Imports

Imports into Croatia

In 2022, the amount of opacifying preparations for x-ray examinations imported into Croatia was estimated at X tons, with an increase of 13% against 2021. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, x-ray examination preparations imports dropped modestly to $X in 2022. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +33.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

France (X tons), Slovenia (X tons) and Italy (X tons) were the main suppliers of x-ray examination preparations imports to Croatia, with a combined 94% share of total imports. Germany, Hungary and the Netherlands lagged somewhat behind, together accounting for a further 5.5%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +48.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), France ($X) and Italy ($X) appeared to be the largest x-ray examination preparations suppliers to Croatia, with a combined 95% share of total imports.

Slovenia, with a CAGR of +13.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average x-ray examination preparations import price stood at $X per ton in 2022, waning by -13.7% against the previous year. Over the period under review, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+37.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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