Croatia: Market for Pure Polyvinyl Chloride in Primary Forms 2024

Market Size for Pure Polyvinyl Chloride in Primary Forms in Croatia

The Croatian market for pure polyvinyl chloride in primary forms declined rapidly to $X in 2022, dropping by -19.9% 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). Overall, consumption continues to indicate a pronounced decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Pure Polyvinyl Chloride in Primary Forms

Exports from Croatia

In 2022, shipments abroad of pure polyvinyl chloride in primary forms increased by 17% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 298,570% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of pure polyvinyl chloride in primary forms skyrocketed to $X in 2022. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 300,039%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Cyprus (X tons) was the main destination for exports of pure polyvinyl chloride in primary forms from Croatia, accounting for a 82% share of total exports. Moreover, exports of pure polyvinyl chloride in primary forms to Cyprus exceeded the volume sent to the second major destination, Poland (X tons), fivefold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume to Cyprus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+31.0% per year) and Bosnia and Herzegovina (-23.5% per year).

In value terms, Cyprus ($X) emerged as the key foreign market for pure polyvinyl chloride in primary forms exports from Croatia, comprising 90% of total exports. The second position in the ranking was taken by Poland ($X), with a 6.4% share of total exports. It was followed by Serbia, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value to Cyprus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+5.3% per year) and Serbia (+50.8% per year).

Export Prices by Country

In 2022, the average export price for pure polyvinyl chloride in primary forms amounted to $X per ton, surging by 104% against the previous year. Overall, the export price posted a temperate expansion. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Serbia (+39.1%), while the prices for the other major destinations experienced a decline.

Imports of Pure Polyvinyl Chloride in Primary Forms

Imports into Croatia

Imports of pure polyvinyl chloride in primary forms into Croatia shrank markedly to X tons in 2022, waning by -25.9% against the previous year's figure. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 21%. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of pure polyvinyl chloride in primary forms dropped to $X in 2022. In general, imports saw a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of pure polyvinyl chloride in primary forms to Croatia, accounting for a 86% share of total imports. Moreover, imports of pure polyvinyl chloride in primary forms from Hungary exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. Slovenia (X tons) ranked third in terms of total imports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+7.4% per year) and Slovenia (-4.1% per year).

In value terms, Hungary ($X) constituted the largest supplier of pure polyvinyl chloride in primary forms to Croatia, comprising 88% of total imports. The second position in the ranking was held by Slovenia ($X), with a 4.9% share of total imports. It was followed by Poland, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from Hungary stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+3.8% per year) and Poland (+7.8% per year).

Import Prices by Country

The average import price for pure polyvinyl chloride in primary forms stood at $X per ton in 2022, growing by 16% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for pure polyvinyl chloride in primary forms increased by +93.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 66%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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