Croatia: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Croatia

The Croatian polypropylene in primary forms market contracted notably to $X in 2022, reducing by -15.2% 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). The market value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Polypropylene in primary forms consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Polypropylene in Primary Forms

Exports from Croatia

In 2022, the amount of polypropylene in primary forms exported from Croatia soared to X tons, increasing by 51% compared with the previous year's figure. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 172%. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, polypropylene in primary forms exports surged to $X in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 160% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Italy (X tons) was the main destination for polypropylene in primary forms exports from Croatia, with a 56% share of total exports. Moreover, polypropylene in primary forms exports to Italy exceeded the volume sent to the second major destination, Germany (X tons), fivefold. The third position in this ranking was taken by Slovenia (X tons), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +85.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.1% per year) and Slovenia (+47.1% per year).

In value terms, Italy ($X) emerged as the key foreign market for polypropylene in primary forms exports from Croatia, comprising 61% of total exports. The second position in the ranking was held by Slovenia ($X), with an 8.7% share of total exports. It was followed by Germany, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to +73.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+42.7% per year) and Germany (+29.3% per year).

Export Prices by Country

The average polypropylene in primary forms export price stood at $X per ton in 2022, reducing by -8.8% against the previous year. In general, the export price recorded a noticeable downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Serbia ($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 Germany (+8.6%), while the prices for the other major destinations experienced a decline.

Imports of Polypropylene in Primary Forms

Imports into Croatia

In 2022, supplies from abroad of polypropylene in primary forms was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 27% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, polypropylene in primary forms imports dropped to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +31.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 37%. As a result, imports attained the peak of $X, and then reduced slightly in the following year.

Imports by Country

Italy (X tons), Romania (X tons) and Germany (X tons) were the main suppliers of polypropylene in primary forms imports to Croatia, together comprising 47% of total imports. Slovenia, Austria, Serbia, Hungary, Slovakia, Belgium, the Netherlands and the Czech Republic lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +25.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polypropylene in primary forms suppliers to Croatia were Italy ($X), Austria ($X) and Romania ($X), together comprising 43% of total imports. Slovenia, Hungary, Slovakia, Germany, Serbia, Belgium, the Netherlands and the Czech Republic lagged somewhat behind, together accounting for a further 53%.

Slovakia, with a CAGR of +31.2%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the average polypropylene in primary forms import price amounted to $X per ton, which is down by -5.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. The import price peaked 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 Slovakia ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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