Croatia: Other Chemical Products Market 2024

Other Chemical Products Market Size in Croatia

The Croatian other chemical products market shrank to $X in 2022, dropping by -2.3% against the previous year. Over the period under review, consumption, however, recorded a strong increase. Other chemical products consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Other Chemical Products Production in Croatia

In value terms, other chemical products production shrank rapidly to $X in 2022 estimated in export price. In general, production saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by 27% against the previous year. Other chemical products production peaked at $X in 2021, and then dropped markedly in the following year.

Other Chemical Products Exports

Exports from Croatia

In 2016, exports of other chemical products from Croatia skyrocketed to X tons, jumping by 22% on the previous year's figure. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2016; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products exports surged to $X in 2016. Overall, total exports indicated prominent growth from 2012 to 2016: its value increased at an average annual rate of +13.8% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, exports increased by +68.0% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X tons), Bosnia and Herzegovina (X tons) and Italy (X tons) were the main destinations of other chemical products exports from Croatia, together accounting for 73% of total exports. Hungary, Serbia, Bulgaria and North Macedonia lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +112.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other chemical products exported from Croatia were Italy ($X), Slovenia ($X) and Bosnia and Herzegovina ($X), together accounting for 65% of total exports.

Among the main countries of destination, Italy, with a CAGR of +82.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2016, the average other chemical products export price amounted to $X per ton, increasing by 25% against the previous year. Over the last four-year period, it increased at an average annual rate of +10.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2016, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Croatia

In 2016, approx. X tons of other chemical products were imported into Croatia; therefore, remained relatively stable against the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 9.3% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2016, the growth of imports remained at a somewhat lower figure.

In value terms, other chemical products imports amounted to $X in 2016. Over the period under review, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 9.6% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2016, the growth of imports failed to regain momentum.

Imports by Country

Slovenia (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of other chemical products imports to Croatia, with a combined 51% share of total imports. Italy, Hungary, France, Poland and Spain lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +19.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest other chemical products suppliers to Croatia were Germany ($X), Slovenia ($X) and Italy ($X), with a combined 52% share of total imports. Austria, Hungary, France, Poland and Spain lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, Hungary, with a CAGR of +27.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2016, surging by 2.8% against the previous year. In general, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 9.8% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2016, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Spain (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :