Croatia: Market for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass 2024

Market Size for Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Croatia

The Croatian pigments, opacifiers and colours market soared to $X in 2022, rising by 142% against the previous year. Overall, consumption, however, faced a deep contraction. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass in Croatia

In value terms, pigments, opacifiers and colours production skyrocketed to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Exports from Croatia

For the third consecutive year, Croatia recorded growth in overseas shipments of pigments, opacifiers and colours for ceramics, enamelling or glass, which increased by 22% to X tons in 2022. Overall, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 164% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pigments, opacifiers and colours exports surged to $X in 2022. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 67% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Turkey (X tons), Bosnia and Herzegovina (X tons) and Hungary (X tons) were the main destinations of pigments, opacifiers and colours exports from Croatia, together comprising 69% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +185.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) emerged as the key foreign market for pigments, opacifiers and colours for ceramics, enamelling or glass exports from Croatia, comprising 47% of total exports. The second position in the ranking was held by Hungary ($X), with a 17% share of total exports. It was followed by Bosnia and Herzegovina, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+182.3% per year) and Bosnia and Herzegovina (-2.2% per year).

Export Prices by Country

In 2022, the average pigments, opacifiers and colours export price amounted to $X per ton, picking up by 29% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 55%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+2.5%), while the prices for the other major destinations experienced a decline.

Imports of Pigments, Opacifiers And Colours For Ceramics, Enamelling Or Glass

Imports into Croatia

In 2022, approx. X tons of pigments, opacifiers and colours for ceramics, enamelling or glass were imported into Croatia; with a decrease of -17.7% against the previous year's figure. Over the period under review, imports saw a pronounced slump. The growth pace was the most rapid in 2013 with an increase of 114%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, pigments, opacifiers and colours imports contracted to $X in 2022. Overall, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by 45%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of pigments, opacifiers and colours to Croatia, with a 49% share of total imports. Moreover, pigments, opacifiers and colours imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic totaled +37.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.8% per year) and Germany (-6.5% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of pigments, opacifiers and colours for ceramics, enamelling or glass to Croatia, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic amounted to +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.9% per year) and Italy (-14.1% per year).

Import Prices by Country

The average pigments, opacifiers and colours import price stood at $X per ton in 2022, rising by 10% against the previous year. Overall, the import price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2016 an increase of 33%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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