Croatia: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2024

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Croatia

The Croatian market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning soared to $X in 2021, increasing by 41% 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). In general, consumption continues to indicate a buoyant expansion. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the immediate term.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Croatia

In 2021, the amount of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Croatia surged to X tons, growing by 18% compared with the previous year. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of 321% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2021. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 1,131% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Croatia, with a 74% share of total exports. Moreover, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Albania (X tons), ninefold. Serbia (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina amounted to +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (0.0% per year) and Serbia (-45.5% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exports from Croatia, comprising 83% of total exports. The second position in the ranking was held by Serbia ($X), with an 8.7% share of total exports. It was followed by Albania, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina stood at +56.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-57.8% per year) and Albania (0.0% per year).

Export Prices by Country

In 2021, the average export price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, jumping by 55% against the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 192% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Montenegro ($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 Bosnia and Herzegovina (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Croatia

In 2021, the amount of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning imported into Croatia surged to X tons, jumping by 46% against 2020. Overall, imports posted a resilient expansion. The growth pace was the most rapid in 2019 when imports increased by 126% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 144%. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Belgium (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Croatia, accounting for a 35% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by the Czech Republic (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.1% per year) and the Czech Republic (+38.4% per year).

In value terms, Belgium ($X), Austria ($X) and Germany ($X) appeared to be the largest polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning suppliers to Croatia, with a combined 71% share of total imports. These countries were followed by the Czech Republic, Spain, Turkey, Hungary and Slovenia, which together accounted for a further 29%.

In terms of the main suppliers, Spain, with a CAGR of +118.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X per ton, dropping by -5.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 13%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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