Croatia: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Croatia

In 2022, after two years of decline, there was significant growth in the Croatian oxides of boron market, when its value increased by 19% to $X. In general, consumption, however, continues to indicate resilient growth. Oxides of boron consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Oxides Of Boron Production in Croatia

In value terms, oxides of boron production fell to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 7.4%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Oxides Of Boron Exports

Exports from Croatia

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were exported from Croatia; with an increase of 112% against 2021 figures. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2018 when exports increased by 679%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, oxides of boron exports surged to $X in 2022. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 391%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Slovenia (X tons) was the main destination for oxides of boron exports from Croatia, with a 68% share of total exports. Moreover, oxides of boron exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia stood at +55.8%.

In value terms, Slovenia ($X) emerged as the key foreign market for oxides of boron, boric acids and inorganic acids exports from Croatia, comprising 69% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia totaled +68.9%.

Export Prices by Country

The average oxides of boron export price stood at $X per ton in 2022, surging by 4.7% against the previous year. Overall, the export price, however, showed a mild descent. The pace of growth appeared the most rapid in 2021 an increase of 130%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, 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 amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+246.2%), while the prices for the other major destinations experienced mixed trend patterns.

Oxides Of Boron Imports

Imports into Croatia

In 2022, purchases abroad of oxides of boron, boric acids and inorganic acids decreased by -4.7% to X tons, falling for the third year in a row after six years of growth. Overall, imports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 43% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, oxides of boron imports soared to $X in 2022. In general, imports, however, recorded resilient growth. The growth pace was the most rapid in 2020 when imports increased by 54%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest oxides of boron supplier to Croatia, accounting for a 60% share of total imports. Moreover, oxides of boron imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was taken by Sweden (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+31.8% per year) and Sweden (0.0% per year).

In value terms, Italy ($X) constituted the largest supplier of oxides of boron, boric acids and inorganic acids to Croatia, comprising 47% of total imports. The second position in the ranking was taken by Sweden ($X), with a 17% share of total imports. It was followed by the Czech Republic, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (0.0% per year) and the Czech Republic (+98.3% per year).

Import Prices by Country

The average oxides of boron import price stood at $X per ton in 2022, surging by 55% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, oxides of boron import price decreased by -9.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 90%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+38.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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