Croatia: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Croatia

In 2022, after seven years of decline, there was significant growth in the Croatian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms, when its value increased by 81% to $X. In general, consumption, however, continues to indicate a noticeable shrinkage. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Croatia

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms skyrocketed to $X in 2022 estimated in export price. Overall, production recorded buoyant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Croatia

In 2016, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms decreased by -25.2% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports faced a abrupt descent. The pace of growth was the most pronounced in 2013 when exports increased by 6.6% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2016, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms shrank notably to $X in 2016. Overall, exports saw a dramatic slump. The pace of growth appeared the most rapid in 2013 when exports increased by 5.8% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2016, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and North Macedonia (X tons) were the main destinations of exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Croatia, with a combined 84% share of total exports. Romania, the UK and Italy lagged somewhat behind, together comprising a further 14%.

From 2012 to 2016, the biggest increases were recorded for Romania (with a CAGR of +6.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyethylene terephthalate and other polyethylene terephthalate in primary forms exported from Croatia were Germany ($X), the Czech Republic ($X) and Romania ($X), together accounting for 85% of total exports. North Macedonia, the UK and Italy lagged somewhat behind, together accounting for a further 13%.

In terms of the main countries of destination, North Macedonia, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2016, shrinking by -17.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 when the average export price decreased by -0.7% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2016, 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 UK ($X per ton), while the average price for exports to North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-1.6%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Croatia

In 2016, overseas purchases of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by 28% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms reached $X in 2016. In general, imports, however, continue to indicate a deep setback. Imports peaked at $X in 2013; however, from 2014 to 2016, imports remained at a lower figure.

Imports by Country

In 2016, South Korea (X tons) constituted the largest polyethylene terephthalate and other polyethylene terephthalate in primary forms supplier to Croatia, accounting for a 47% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from South Korea exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by Indonesia (X tons), with a 10% share.

From 2012 to 2016, the average annual growth rate of volume from South Korea stood at +171.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+1,519.1% per year) and Indonesia (+54.0% per year).

In value terms, South Korea ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Croatia, comprising 45% of total imports. The second position in the ranking was held by Belgium ($X), with a 22% share of total imports. It was followed by Indonesia, with a 9.5% share.

From 2012 to 2016, the average annual rate of growth in terms of value from South Korea amounted to +133.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+867.4% per year) and Indonesia (+16.5% per year).

Import Prices by Country

In 2016, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, with a decrease of -16.7% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 2.9% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2016, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2016, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Serbia ($X per ton), while the price for India ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Serbia (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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