Croatia: Plastic Reservoir Market 2024

Plastic Reservoir Market Size in Croatia

In 2022, the Croatian plastic reservoir market decreased by -2.8% to $X for the first time since 2014, thus ending a seven-year rising trend. In general, consumption, however, recorded prominent growth. Over the period under review, the market attained the peak level at $X in 2021, and then fell slightly in the following year.

Plastic Reservoir Production in Croatia

In value terms, plastic reservoir production surged to $X in 2022 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +66.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 72%. Plastic reservoir production peaked in 2022 and is expected to retain growth in the near future.

Plastic Reservoir Exports

Exports from Croatia

In 2022, plastic reservoir exports from Croatia rose rapidly to X tons, growing by 7.9% compared with 2021. Over the period under review, exports showed a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 34%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, plastic reservoir exports reduced modestly to $X in 2022. In general, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

Italy (X tons), Slovenia (X tons) and Germany (X tons) were the main destinations of plastic reservoir exports from Croatia, with a combined 85% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +14.5%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for plastic reservoirs, tanks and vats exports from Croatia, comprising 40% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 20% share of total exports. It was followed by Germany, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+11.7% per year) and Germany (+3.0% per year).

Export Prices by Country

The average plastic reservoir export price stood at $X per ton in 2022, with a decrease of -11% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 42% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 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 the Netherlands ($X per ton), while the average price for exports to Austria ($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 the Netherlands (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Reservoir Imports

Imports into Croatia

After five years of growth, overseas purchases of plastic reservoirs, tanks and vats decreased by -8.6% to X tons in 2022. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, plastic reservoir imports contracted modestly to $X in 2022. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Austria (X tons), Italy (X tons) and Slovenia (X tons) were the main suppliers of plastic reservoir imports to Croatia, together accounting for 63% of total imports. The Czech Republic, Finland, Germany and Hungary lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +46.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic reservoir suppliers to Croatia were Slovenia ($X), Austria ($X) and Finland ($X), together accounting for 56% of total imports. Italy, the Czech Republic, Hungary and Germany lagged somewhat behind, together comprising a further 31%.

Among the main suppliers, the Czech Republic, with a CAGR of +43.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic reservoir import price stood at $X per ton in 2022, increasing by 9.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 14%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Austria ($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 (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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