Croatia: Polyvinyl Chloride Market 2024

Polyvinyl Chloride Market Size in Croatia

The Croatian polyvinyl chloride market fell to $X in 2022, reducing by -8.8% against the previous year. Overall, consumption, however, enjoyed a temperate expansion. As a result, consumption attained the peak level of $X, and then fell in the following year.

Polyvinyl Chloride Production in Croatia

In value terms, polyvinyl chloride production shrank markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. Polyvinyl chloride production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Polyvinyl Chloride Exports

Exports from Croatia

In 2022, overseas shipments of polyvinyl chloride increased by 53% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 72%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, polyvinyl chloride exports soared to $X in 2022. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 122% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X tons), Belgium (X tons) and Cyprus (X tons) were the main destinations of polyvinyl chloride exports from Croatia, with a combined 72% share of total exports. Italy, Slovenia, France, Poland and Serbia lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +41.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for polyvinyl chloride exports from Croatia, comprising 48% of total exports. The second position in the ranking was held by Slovenia ($X), with a 16% share of total exports. It was followed by Cyprus, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+55.9% per year) and Cyprus (0.0% per year).

Export Prices by Country

The average polyvinyl chloride export price stood at $X per ton in 2022, with a decrease of -4.4% against the previous year. Overall, the export price recorded a slight curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 49%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Belgium ($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 Slovenia (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Polyvinyl Chloride Imports

Imports into Croatia

Polyvinyl chloride imports into Croatia declined modestly to X tons in 2022, which is down by -3.9% on 2021. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 +70.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 77% against the previous year. As a result, imports reached the peak of X tons, and then contracted slightly in the following year.

In value terms, polyvinyl chloride imports contracted modestly to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 178%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Hungary (X tons), Austria (X tons) and Italy (X tons) were the main suppliers of polyvinyl chloride imports to Croatia, together accounting for 65% of total imports. North Macedonia, Slovenia, Turkey, Serbia and Belgium lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +206.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyvinyl chloride suppliers to Croatia were Hungary ($X), Austria ($X) and North Macedonia ($X), together accounting for 72% of total imports. Italy, Turkey, Serbia, Slovenia and Belgium lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, Turkey, with a CAGR of +157.2%, recorded 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

The average polyvinyl chloride import price stood at $X per ton in 2022, picking up by 2.8% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyvinyl chloride import price increased by +61.4% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 57%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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