Croatia: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Croatia

In 2021, the Croatian oxygen-function amino-compound market decreased by -18.9% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded prominent growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Oxygen-Function Amino-Compound Production in Croatia

In value terms, oxygen-function amino-compound production skyrocketed to $X in 2021 estimated in export price. In general, production posted significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Oxygen-Function Amino-Compound Exports

Exports from Croatia

For the fifth year in a row, Croatia recorded growth in shipments abroad of oxygen-function amino-compounds, which increased by 37% to X tons in 2021. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2015 with an increase of 290%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, oxygen-function amino-compound exports skyrocketed to $X in 2021. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 240%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Slovenia (X tons) was the main destination for oxygen-function amino-compound exports from Croatia, accounting for a 62% share of total exports. Moreover, oxygen-function amino-compound exports to Slovenia exceeded the volume sent to the second major destination, the Czech Republic (X tons), threefold. The third position in this ranking was held by Bosnia and Herzegovina (X tons), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia stood at +139.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+32.9% per year) and Bosnia and Herzegovina (+55.1% per year).

In value terms, Slovenia ($X) remains the key foreign market for oxygen-function amino-compounds exports from Croatia, comprising 9.4% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 3% share of total exports. It was followed by Hungary, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia stood at +102.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+5.2% per year) and Hungary (-0.7% per year).

Export Prices by Country

The average oxygen-function amino-compound export price stood at $X per ton in 2021, rising by 26% against the previous year. Overall, the export price, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2018 an increase of 193%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Slovenia ($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 Brazil (+21.0%), while the prices for the other major destinations experienced a decline.

Oxygen-Function Amino-Compound Imports

Imports into Croatia

In 2021, purchases abroad of oxygen-function amino-compounds decreased by -18.8% to X tons, falling for the second year in a row after two years of growth. Overall, imports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 197% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, oxygen-function amino-compound imports expanded rapidly to $X in 2021. In general, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 when imports increased by 108%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), the Netherlands (X tons) and Germany (X tons) were the main suppliers of oxygen-function amino-compound imports to Croatia, with a combined 62% share of total imports. Italy, China, France and Slovenia lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +61.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of oxygen-function amino-compounds to Croatia, comprising 50% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by China, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +60.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+37.7% per year) and China (+32.6% per year).

Import Prices by Country

In 2021, the average oxygen-function amino-compound import price amounted to $X per ton, jumping by 36% against the previous year. Overall, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in 2014 an increase of 89% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 India ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+14.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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