Croatia: Polymethyl Methacrylate Market 2024

Polymethyl Methacrylate Market Size in Croatia

The Croatian polymethyl methacrylate market reduced slightly to $X in 2022, waning by -4.2% against the previous year. In general, consumption recorded a slight downturn. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Polymethyl Methacrylate Production in Croatia

In value terms, polymethyl methacrylate production declined modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 44%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Polymethyl Methacrylate Exports

Exports from Croatia

In 2022, polymethyl methacrylate exports from Croatia skyrocketed to X tons, with an increase of 41% on the previous year. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 1,634%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, polymethyl methacrylate exports totaled $X in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 243% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons) was the main destination for polymethyl methacrylate exports from Croatia, accounting for a 68% share of total exports. Moreover, polymethyl methacrylate exports to Malaysia exceeded the volume sent to the second major destination, Slovenia (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+122.6% per year) and Bosnia and Herzegovina (-20.6% per year).

In value terms, Slovenia ($X) remains the key foreign market for polymethyl methacrylate in primary forms exports from Croatia, comprising 72% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Slovenia amounted to +123.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+36.1% per year) and Bosnia and Herzegovina (-19.8% per year).

Export Prices by Country

In 2022, the average polymethyl methacrylate export price amounted to $X per ton, declining by -20.3% against the previous year. In general, the export price continues to indicate a deep slump. The pace of growth was the most pronounced in 2014 an increase of 445% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Malaysia ($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 Malaysia (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polymethyl Methacrylate Imports

Imports into Croatia

In 2022, polymethyl methacrylate imports into Croatia shrank notably to X tons, waning by -24.2% compared with 2021 figures. Overall, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 210%. Over the period under review, imports hit record highs at X tons in 2021, and then declined remarkably in the following year.

In value terms, polymethyl methacrylate imports totaled $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +34.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 34%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Slovenia (X tons), Germany (X tons) and India (X tons) were the main suppliers of polymethyl methacrylate imports to Croatia, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +105.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of polymethyl methacrylate in primary forms to Croatia, comprising 61% of total imports. The second position in the ranking was held by Slovenia ($X), with a 24% share of total imports. It was followed by the UK, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+14.6% per year) and the UK (+2.7% per year).

Import Prices by Country

In 2022, the average polymethyl methacrylate import price amounted to $X per ton, surging by 32% against the previous year. Overall, the import price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 when the average import price increased by 68%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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