Croatia: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Croatia

The Croatian polyethylene glycol and polyether market surged to $X in 2021, increasing by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Croatia

In 2021, the amount of polyethylene glycols and polyethers in primary forms exported from Croatia dropped significantly to X tons, reducing by -34.9% compared with the previous year's figure. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by 838% against the previous year. The exports peaked at X tons in 2020, and then reduced rapidly in the following year.

In value terms, polyethylene glycol and polyether exports dropped rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 453%. Over the period under review, the exports reached the maximum at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Slovenia (X tons), Italy (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of polyethylene glycol and polyether exports from Croatia, with a combined 72% share of total exports. These countries were followed by Switzerland, Austria, Turkey, Bulgaria, North Macedonia and the Netherlands, which together accounted for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +2,776.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Italy ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for polyethylene glycol and polyether exported from Croatia worldwide, with a combined 57% share of total exports. Turkey, Austria, Switzerland, North Macedonia, Bulgaria and the Netherlands lagged somewhat behind, together accounting for a further 35%.

Turkey, with a CAGR of +2,591.2%, recorded the highest growth rate of 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 polyethylene glycol and polyether export price amounted to $X per ton, surging by 28% against the previous year. Overall, the export price, however, saw a drastic downturn. The growth pace was the most rapid in 2015 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Switzerland ($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 the Netherlands (+34.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Croatia

In 2021, imports of polyethylene glycols and polyethers in primary forms into Croatia surged to X tons, growing by 24% on the previous year. In general, imports recorded moderate growth. The most prominent rate of growth was recorded in 2018 when imports increased by 148% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. Over the period under review, imports saw a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by 82%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and Slovakia (X tons) were the main suppliers of polyethylene glycol and polyether imports to Croatia, together accounting for 69% of total imports. The Netherlands, Japan, Austria, Slovenia, Poland and Hungary lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +99.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to Croatia were Italy ($X), Germany ($X) and Slovakia ($X), with a combined 65% share of total imports. The Netherlands, Japan, Austria, Slovenia, Poland and Hungary lagged somewhat behind, together comprising a further 30%.

Japan, with a CAGR of +102.7%, saw 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 polyethylene glycol and polyether import price amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined modestly in the following year.

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 Austria ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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