Croatia: Starch Manufacture Residues Market 2024

Starch Manufacture Residues Market Size in Croatia

In 2022, the Croatian starch manufacture residues market increased by 17% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Starch Manufacture Residues Production in Croatia

In value terms, starch manufacture residues production fell notably to $X in 2022 estimated in export price. In general, production saw a slight contraction. The growth pace was the most rapid in 2018 when the production volume increased by 73%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Starch Manufacture Residues Exports

Exports from Croatia

In 2022, the amount of residues of starch manufacture exported from Croatia surged to X tons, rising by 2,426% compared with 2021 figures. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 16,857% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, starch manufacture residues exports soared to $X in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 18,155% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovenia (X tons) was the main destination for starch manufacture residues exports from Croatia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Slovenia stood at +33.5%.

In value terms, Slovenia ($X) also remains the key foreign market for residues of starch manufacture exports from Croatia.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia amounted to +37.6%.

Export Prices by Country

In 2022, the average starch manufacture residues export price amounted to $X per ton, shrinking by -6.5% against the previous year. Over the period under review, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 27%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Slovenia.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +4.0% per year.

Starch Manufacture Residues Imports

Imports into Croatia

Starch manufacture residues imports into Croatia skyrocketed to X tons in 2022, increasing by 126% against 2021. Over the period under review, imports saw a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 202% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, starch manufacture residues imports skyrocketed to $X in 2022. In general, imports showed a notable increase. The pace of growth was the most pronounced in 2020 with an increase of 93%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Hungary (X tons) was the main starch manufacture residues supplier to Croatia, accounting for a 93% share of total imports. Moreover, starch manufacture residues imports from Hungary exceeded the figures recorded by the second-largest supplier, Austria (X tons), more than tenfold. Slovakia (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary stood at +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-2.6% per year) and Slovakia (-3.4% per year).

In value terms, Hungary ($X) constituted the largest supplier of residues of starch manufacture to Croatia, comprising 73% of total imports. The second position in the ranking was taken by Austria ($X), with a 16% share of total imports. It was followed by Slovakia, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from Hungary amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (-0.1% per year) and Slovakia (+1.1% per year).

Import Prices by Country

In 2022, the average starch manufacture residues import price amounted to $X per ton, reducing by -31.4% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 an increase of 54% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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