Croatia: Propene Market 2024

Propene Market Size in Croatia

The Croatian propene market surged to $X in 2021, with an increase of 64% against the previous year. In general, consumption showed a deep contraction. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Propene Production in Croatia

In value terms, propene production shrank significantly to $X in 2021 estimated in export price. Overall, production faced a precipitous setback. The growth pace was the most rapid in 2017 when the production volume increased by 38% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Propene Exports

Exports from Croatia

For the third year in a row, Croatia recorded growth in shipments abroad of propene (propylene), which increased by 221% to X tons in 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 42,091,000% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, propene exports soared to $X in 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 29,016,738% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Germany (X tons) was the main destination for propene exports from Croatia, with a 50% share of total exports. Moreover, propene exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 14% share.

From 2014 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-21.2% per year) and the Netherlands (+43,312.9% per year).

In value terms, Germany ($X) emerged as the key foreign market for propene (propylene) exports from Croatia, comprising 50% of total exports. The second position in the ranking was held by Poland ($X), with a 14% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2014 to 2021, the average annual rate of growth in terms of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+66.8% per year) and the Netherlands (+53,282.5% per year).

Export Prices by Country

The average propene export price stood at $X per ton in 2021, with an increase of 122% against the previous year. Overall, the export price enjoyed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and France ($X per ton), while the average price for exports to Italy ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+171.8%), while the prices for the other major destinations experienced more modest paces of growth.

Propene Imports

Imports into Croatia

In 2021, supplies from abroad of propene (propylene) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, propene imports soared to $X in 2021. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) was the main propene supplier to Croatia, with a 92% share of total imports. Moreover, propene imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2013 to 2021, the average annual rate of growth in terms of volume from Germany stood at +684.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+630.2% per year) and Austria (+398.7% per year).

In value terms, Germany ($X) constituted the largest supplier of propene (propylene) to Croatia, comprising 93% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6.2% share of total imports.

From 2013 to 2021, the average annual rate of growth in terms of value from Germany totaled +253.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+179.7% per year) and Austria (+384.5% per year).

Import Prices by Country

In 2021, the average propene import price amounted to $X per ton, declining by -73.7% against the previous year. In general, the import price showed a sharp curtailment. The growth pace was the most rapid in 2020 an increase of 176%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-13.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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