Croatia: Market for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) 2025

Market Size for Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Croatia

After four years of decline, the Croatian polystyrene in primary forms market increased by 4.5% to $X in 2021. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Polystyrene In Primary Forms (Excluding Expansible Polystyrene) in Croatia

In value terms, polystyrene in primary forms production rose markedly to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt shrinkage. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Exports from Croatia

After three years of growth, shipments abroad of polystyrene in primary forms (excluding expansible polystyrene) decreased by -62.2% to X tons in 2021. Overall, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2015 when exports increased by 196% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, polystyrene in primary forms exports declined remarkably to $X in 2021. In general, exports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 166% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for polystyrene in primary forms exports from Croatia, accounting for a 91% share of total exports. Moreover, polystyrene in primary forms exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina stood at +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+1.9% per year) and Serbia (-1.1% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for polystyrene in primary forms (excluding expansible polystyrene) exports from Croatia, comprising 89% of total exports. The second position in the ranking was held by Slovenia ($X), with a 7.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina stood at +16.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+7.3% per year) and Serbia (+4.1% per year).

Export Prices by Country

The average polystyrene in primary forms export price stood at $X per ton in 2021, jumping by 84% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polystyrene in primary forms export price increased by +88.2% against 2019 indices. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 China (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polystyrene In Primary Forms (Excluding Expansible Polystyrene)

Imports into Croatia

After two years of growth, purchases abroad of polystyrene in primary forms (excluding expansible polystyrene) decreased by -35.3% to X tons in 2021. In general, imports showed a noticeable decrease. The growth pace was the most rapid in 2014 with an increase of 41% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, polystyrene in primary forms imports stood at $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 42%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of polystyrene in primary forms to Croatia, accounting for a 46% share of total imports. Moreover, polystyrene in primary forms imports from Italy exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fourfold. Belgium (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+16.5% per year) and Belgium (-7.5% per year).

In value terms, Italy ($X) constituted the largest supplier of polystyrene in primary forms (excluding expansible polystyrene) to Croatia, comprising 47% of total imports. The second position in the ranking was taken by Slovenia ($X), with a 12% share of total imports. It was followed by Belgium, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+26.2% per year) and Belgium (-7.6% per year).

Import Prices by Country

The average polystyrene in primary forms import price stood at $X per ton in 2021, rising by 69% against the previous year. In general, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were France ($X per ton) and Slovenia ($X per ton), while the price for Belgium ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :