Croatia: Metal Pickling Preparations Market 2024

Metal Pickling Preparations Market Size in Croatia

The Croatian metal pickling preparations market rose significantly to $X in 2021, growing by 9.6% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Metal pickling preparations consumption peaked in 2021 and is expected to retain growth in the near future.

Metal Pickling Preparations Production in Croatia

In value terms, metal pickling preparations production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 218% against the previous year. Metal pickling preparations production peaked in 2021 and is expected to retain growth in the immediate term.

Metal Pickling Preparations Exports

Exports from Croatia

For the fourth year in a row, Croatia recorded growth in shipments abroad of pickling preparations for metal surfaces, which increased by 101% to X tons in 2021. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 241% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, metal pickling preparations exports soared to $X in 2021. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 210% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Serbia (X tons) was the main destination for metal pickling preparations exports from Croatia, accounting for a 50% share of total exports. Moreover, metal pickling preparations exports to Serbia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume to Serbia totaled +29.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+15.4% per year) and Slovenia (+65.3% per year).

In value terms, Serbia ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for metal pickling preparations exported from Croatia worldwide, with a combined 95% share of total exports.

Slovenia, with a CAGR of +52.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average metal pickling preparations export price amounted to $X per ton, declining by -22.6% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 13%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Serbia (-5.6%), while the prices for the other major destinations experienced a decline.

Metal Pickling Preparations Imports

Imports into Croatia

In 2021, the amount of pickling preparations for metal surfaces imported into Croatia declined modestly to X tons, approximately mirroring 2020. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 28%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, metal pickling preparations imports skyrocketed to $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.5% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 36%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), Italy (X tons) and Slovenia (X tons) were the main suppliers of metal pickling preparations imports to Croatia, with a combined 84% share of total imports. Hungary, the Czech Republic, Austria, Switzerland, France and Serbia lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +69.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal pickling preparations suppliers to Croatia were Germany ($X), Italy ($X) and Slovenia ($X), with a combined 79% share of total imports. These countries were followed by Hungary, Austria, the Czech Republic, Switzerland, France and Serbia, which together accounted for a further 16%.

The Czech Republic, with a CAGR of +68.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal pickling preparations import price amounted to $X per ton, rising by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2017 when the average import price increased by 24%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Austria ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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