Croatia: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Croatia

In 2022, the Croatian market for organo-sulphur compounds and other organo-inorganic compounds increased by 3.2% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed mild growth. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Croatia

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds declined sharply to $X in 2022 estimated in export price. In general, production, however, showed a modest expansion. The growth pace was the most rapid in 2021 when the production volume increased by 111% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Croatia

In 2022, exports of organo-sulphur compounds and other organo-inorganic compounds from Croatia dropped notably to X tons, declining by -62.5% compared with the previous year. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 25,392%. Over the period under review, the exports of hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds dropped rapidly to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 6,582% against the previous year. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Slovenia (X tons) was the main destination for exports of organo-sulphur compounds and other organo-inorganic compounds from Croatia, with a 68% share of total exports. Moreover, exports of organo-sulphur compounds and other organo-inorganic compounds to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), threefold. Serbia (X tons) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia stood at +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+50.9% per year) and Serbia (+3.1% per year).

In value terms, Slovenia ($X) emerged as the key foreign market for organo-sulphur compounds and other organo-inorganic compounds exports from Croatia, comprising 38% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 10% share of total exports. It was followed by Serbia, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia stood at +42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+40.4% per year) and Serbia (+2.8% per year).

Export Prices by Country

The average export price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, dropping by -21.1% against the previous year. In general, the export price saw a deep slump. The pace of growth appeared the most rapid in 2015 an increase of 55% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Serbia ($X per ton), while the average price for exports to Romania ($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 Serbia (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Croatia

In 2022, purchases abroad of organo-sulphur compounds and other organo-inorganic compounds decreased by -21.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.1% 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 +29.3% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 95% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2021, and then contracted significantly in the following year.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds amounted to $X in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.6% 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 +64.5% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. Over the period under review, imports of hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Singapore (X tons) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to Croatia, accounting for a 64% share of total imports. Moreover, imports of organo-sulphur compounds and other organo-inorganic compounds from Singapore exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. France (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Singapore totaled +1,153.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+86.7% per year) and France (+18.6% per year).

In value terms, Singapore ($X) constituted the largest supplier of organo-sulphur compounds and other organo-inorganic compounds to Croatia, comprising 55% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports. It was followed by Germany, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Singapore stood at +1,358.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+75.1% per year) and Germany (-17.1% per year).

Import Prices by Country

The average import price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, with an increase of 32% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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