Croatia: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Croatia

The Croatian polyphenols and phenol-alcohols market declined to $X in 2022, flattening at the previous year. In general, consumption continues to indicate a pronounced descent. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Polyphenols And Phenol-Alcohols Production in Croatia

In value terms, polyphenols and phenol-alcohols production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced decrease. The most prominent rate of growth was recorded in 2014 with an increase of 41%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Polyphenols And Phenol-Alcohols Exports

Exports from Croatia

In 2022, approx. X kg of polyphenols and phenol-alcohols were exported from Croatia; with a decrease of -99.8% against the previous year's figure. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 20,916% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports declined significantly to $X in 2022. Over the period under review, exports, however, posted a mild expansion. The pace of growth was the most pronounced in 2018 with an increase of 16,769%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X kg) was the main destination for polyphenols and phenol-alcohols exports from Croatia, accounting for a 96% share of total exports. Moreover, polyphenols and phenol-alcohols exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Montenegro (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled -2.1%.

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for polyphenols and phenol-alcohols exports from Croatia, comprising 100% of total exports. The second position in the ranking was taken by Montenegro ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina stood at +1.7%.

Export Prices by Country

The average polyphenols and phenol-alcohols export price stood at $X per ton in 2022, with an increase of 339% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export 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 Montenegro totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Polyphenols And Phenol-Alcohols Imports

Imports into Croatia

In 2022, the amount of polyphenols and phenol-alcohols imported into Croatia reduced dramatically to X tons, falling by -40.9% compared with 2021. Overall, imports, however, posted strong growth. The growth pace was the most rapid in 2021 with an increase of 348% against the previous year. As a result, imports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, polyphenols and phenol-alcohols imports surged to $X in 2022. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 374%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest polyphenols and phenol-alcohols supplier to Croatia, accounting for a 50% share of total imports. Moreover, polyphenols and phenol-alcohols imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to +63.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+38.2% per year) and Belgium (+87.9% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Croatia, comprising 84% of total imports. The second position in the ranking was held by the UK ($X), with a 5.1% share of total imports. It was followed by China, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled +83.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+46.7% per year) and China (-0.1% per year).

Import Prices by Country

In 2022, the average polyphenols and phenol-alcohols import price amounted to $X per ton, rising by 195% against the previous year. In general, the import price continues to indicate prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+52.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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