Croatia: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Croatia

After two years of decline, the Croatian market for polyethylene with a specific gravity of less than X, in primary forms increased by 55% to $X in 2021. In general, consumption, however, saw a deep reduction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Croatia

In 2021, shipments abroad of polyethylene with a specific gravity of less than X, in primary forms increased by 34% to X tons for the first time since 2015, thus ending a five-year declining trend. In general, exports recorded a tangible expansion. The pace of growth appeared the most rapid in 2014 with an increase of 297% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 333%. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Slovenia (X tons), Bosnia and Herzegovina (X tons) and Italy (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Croatia, together comprising 82% of total exports. Slovakia, North Macedonia and the Czech Republic lagged somewhat behind, together accounting for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Slovakia (with a CAGR of +66.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene with a specific gravity of less than X exported from Croatia were Slovenia ($X), Bosnia and Herzegovina ($X) and Italy ($X), with a combined 77% share of total exports. Slovakia, North Macedonia and the Czech Republic lagged somewhat behind, together comprising a further 17%.

Slovakia, with a CAGR of +76.6%, recorded 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 export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Italy ($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 Czech Republic (+13.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Croatia

In 2021, after two years of decline, there was significant growth in supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms, when their volume increased by 19% to X tons. Overall, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% 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 decreased by -23.1% against 2016 indices. The pace of growth was the most pronounced in 2015 when imports increased by 22% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Slovenia (X tons) and Belgium (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Croatia, together accounting for 47% of total imports. Austria, Serbia, Germany, Hungary, Qatar, Italy, Slovakia, France, Bulgaria and the UK lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +44.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene with a specific gravity of less than X suppliers to Croatia were the Netherlands ($X), Belgium ($X) and Slovenia ($X), with a combined 48% share of total imports. Austria, Serbia, Germany, Hungary, Slovakia, France, Italy, Qatar, Bulgaria and the UK lagged somewhat behind, together comprising a further 41%.

Bulgaria, with a CAGR of +43.8%, saw the highest growth rate of 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

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, growing by 48% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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