Croatia: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Croatia

The Croatian polycarboxylic acid market declined modestly to $X in 2022, waning by -3.6% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then reduced slightly in the following year.

Polycarboxylic Acid Production in Croatia

In value terms, polycarboxylic acid production declined modestly to $X in 2022 estimated in export price. Overall, production saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 183%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Polycarboxylic Acid Exports

Exports from Croatia

In 2022, overseas shipments of polycarboxylic acids decreased by -83% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 468% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank dramatically in the following year.

In value terms, polycarboxylic acid exports contracted dramatically to $X in 2022. In general, exports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 when exports increased by 334% against the previous year. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Serbia (X tons), Slovenia (X tons) and the United States (X tons) were the main destinations of polycarboxylic acid exports from Croatia, together comprising 86% of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +29.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polycarboxylic acid exported from Croatia were the United States ($X), Serbia ($X) and Slovenia ($X), with a combined 49% share of total exports.

Slovenia, with a CAGR of +23.8%, saw the highest growth rate of the value of exports, among 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

The average polycarboxylic acid export price stood at $X per ton in 2022, growing by 62% against the previous year. In general, the export price continues to indicate a notable increase. The most prominent rate of growth was recorded in 2013 an increase of 67% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average 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 Bosnia and Herzegovina ($X per ton), while the average price for exports to Serbia ($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 Germany (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.

Polycarboxylic Acid Imports

Imports into Croatia

After two years of growth, supplies from abroad of polycarboxylic acids decreased by -19.3% to X tons in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 27% against the previous year. Imports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, polycarboxylic acid imports shrank slightly to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 94%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

The Czech Republic (X tons), Austria (X tons) and Hungary (X tons) were the main suppliers of polycarboxylic acid imports to Croatia, with a combined 76% share of total imports. Italy, Germany, Slovenia, Poland and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +24.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid suppliers to Croatia were the Czech Republic ($X), Austria ($X) and Hungary ($X), with a combined 75% share of total imports. Italy, Germany, Slovenia, Poland and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Slovenia, with a CAGR of +24.8%, recorded the highest growth rate of 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 polycarboxylic acid import price stood at $X per ton in 2022, rising by 22% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarboxylic acid import price increased by +92.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 58%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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