Croatia: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Croatia

In 2022, the Croatian potassic fertilizer market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption showed a abrupt curtailment. Potassic fertilizer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Potassic Fertilizer Production in Croatia

In value terms, potassic fertilizer production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a precipitous decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Potassic fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Potassic Fertilizer Exports

Exports from Croatia

In 2022, shipments abroad of potassic fertilizers increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed significant growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, potassic fertilizer exports skyrocketed to $X in 2022. Over the period under review, exports showed a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for potassic fertilizer exports from Croatia, accounting for a X% share of total exports. Moreover, potassic fertilizer exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Serbia (X tons), sixfold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Italy (X% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for potassic fertilizers exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average potassic fertilizer export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price showed a perceptible contraction. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Italy ($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 Latvia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassic Fertilizer Imports

Imports into Croatia

In 2022, overseas purchases of potassic fertilizers decreased by X% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports showed a abrupt setback. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, potassic fertilizer imports shrank to $X in 2022. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and Russia (X tons) were the main suppliers of potassic fertilizer imports to Croatia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Israel ($X) were the largest potassic fertilizer suppliers to Croatia, with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average potassic fertilizer import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price saw a moderate expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Israel ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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