Croatia: Photographic Paper Market 2024

Photographic Paper Market Size in Croatia

In 2021, the Croatian photographic paper market increased by 96% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a slight expansion. Photographic paper consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Photographic Paper Production in Croatia

In value terms, photographic paper production expanded notably to $X in 2021 estimated in export price. In general, production, however, saw a deep setback. Photographic paper production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Photographic Paper Exports

Exports from Croatia

In 2021, approx. X square meters of photographic paper, paperboard and textiles were exported from Croatia; rising by 27% compared with the previous year's figure. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 4,325% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, photographic paper exports expanded sharply to $X in 2021. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 4,172% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X square meters) was the main destination for photographic paper exports from Croatia, accounting for a 82% share of total exports. Moreover, photographic paper exports to Germany exceeded the volume sent to the second major destination, Italy (X square meters), ninefold. Hungary (X square meters) ranked third in terms of total exports with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+35.8% per year) and Hungary (+147.1% per year).

In value terms, Germany ($X) remains the key foreign market for photographic paper, paperboard and textiles exports from Croatia, comprising 65% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by Slovenia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+31.0% per year) and Slovenia (+146.6% per year).

Export Prices by Country

The average photographic paper export price stood at $X per square meter in 2021, declining by -14.7% against the previous year. Over the period under review, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 54% against the previous year. The export price peaked at $X per square meter in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per square meter), while the average price for exports to Hungary ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+29.1%), while the prices for the other major destinations experienced a decline.

Photographic Paper Imports

Imports into Croatia

In 2021, supplies from abroad of photographic paper, paperboard and textiles increased by 76% to X square meters, rising for the second consecutive year after two years of decline. In general, imports recorded a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, photographic paper imports skyrocketed to $X in 2021. Overall, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Hungary (X square meters), Germany (X square meters) and the United States (X square meters) were the main suppliers of photographic paper imports to Croatia, with a combined 92% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +57.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) constituted the largest supplier of photographic paper, paperboard and textiles to Croatia, comprising 62% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Slovakia, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hungary stood at +53.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.3% per year) and Slovakia (+27.9% per year).

Import Prices by Country

In 2021, the average photographic paper import price amounted to $X per square meter, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 17%. As a result, import price reached the peak level of $X per square meter. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per square meter), while the price for the United States ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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