Croatia: Prepared Binders Market 2024

Prepared Binders Market Size in Croatia

The Croatian prepared binders market contracted to $X in 2021, which is down by -8.9% against the previous year. In general, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Prepared Binders Production in Croatia

In value terms, prepared binders production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 96%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Prepared Binders Exports

Exports from Croatia

In 2021, overseas shipments of prepared binders for foundry moulds or cores were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 44%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, prepared binders exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 128%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Slovenia (X tons) was the main destination for prepared binders exports from Croatia, with a 87% share of total exports. Moreover, prepared binders exports to Slovenia exceeded the volume sent to the second major destination, Serbia (X tons), more than tenfold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia stood at -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-12.7% per year) and Bosnia and Herzegovina (-22.7% per year).

In value terms, Slovenia ($X) remains the key foreign market for prepared binders for foundry moulds or cores exports from Croatia, comprising 86% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with an 8.3% share of total exports. It was followed by Serbia, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia totaled -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-23.1% per year) and Serbia (-15.5% per year).

Export Prices by Country

In 2021, the average prepared binders export price amounted to $X per ton, picking up by 13% against the previous year. In general, the export price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2016 an increase of 59%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Serbia ($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 Hungary (+1.6%), while the prices for the other major destinations experienced a decline.

Prepared Binders Imports

Imports into Croatia

In 2021, purchases abroad of prepared binders for foundry moulds or cores increased by 7.8% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -37.6% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, prepared binders imports skyrocketed to $X in 2021. Overall, imports enjoyed a measured expansion. The growth pace was the most rapid in 2016 when imports increased by 55%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Slovenia (X tons) and Italy (X tons) were the main suppliers of prepared binders imports to Croatia, with a combined 93% share of total imports. These countries were followed by Hungary and Bosnia and Herzegovina, which together accounted for a further 5.9%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +436.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Slovenia ($X) appeared to be the largest prepared binders suppliers to Croatia, with a combined 92% share of total imports. Hungary and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 4%.

Among the main suppliers, Hungary, with a CAGR of +229.8%, 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 prepared binders import price amounted to $X per ton, surging by 35% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 an increase of 57%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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