Croatia: Ethylene Polymer Bag Market 2024

Ethylene Polymer Bag Market Size in Croatia

The Croatian ethylene polymer bag market expanded notably to $X in 2022, rising by 10% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Ethylene Polymer Bag Production in Croatia

In value terms, ethylene polymer bag production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible setback. Ethylene polymer bag production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Ethylene Polymer Bag Exports

Exports from Croatia

In 2022, overseas shipments of sacks and bags of polymers of ethylene were finally on the rise to reach X tons after four years of decline. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 15% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, ethylene polymer bag exports soared to $X in 2022. Overall, exports, however, showed a slight decline. The most prominent rate of growth was recorded in 2013 with an increase of 21% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for ethylene polymer bag exports from Croatia, accounting for a 43% share of total exports. Moreover, ethylene polymer bag exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The Netherlands (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+41.7% per year) and the Netherlands (-7.9% per year).

In value terms, Germany ($X) remains the key foreign market for sacks and bags of polymers of ethylene exports from Croatia, comprising 41% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+31.1% per year) and the Netherlands (-7.6% per year).

Export Prices by Country

The average ethylene polymer bag export price stood at $X per ton in 2022, rising by 6.9% against the previous year. Over the period under review, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2021 an increase of 14% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a 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 Austria ($X per ton), while the average price for exports to the Czech Republic ($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 the Netherlands (+0.3%), while the prices for the other major destinations experienced a decline.

Ethylene Polymer Bag Imports

Imports into Croatia

In 2022, overseas purchases of sacks and bags of polymers of ethylene increased by 3.6% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ethylene polymer bag imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 12%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Bosnia and Herzegovina (X tons), Germany (X tons) and Serbia (X tons) were the main suppliers of ethylene polymer bag imports to Croatia, with a combined 64% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +18.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ethylene polymer bag suppliers to Croatia were Bosnia and Herzegovina ($X), Germany ($X) and Slovenia ($X), with a combined 63% share of total imports. Poland, Italy, Serbia, Austria and China lagged somewhat behind, together accounting for a further 27%.

Serbia, with a CAGR of +14.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 ethylene polymer bag import price amounted to $X per ton, surging by 3.4% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 8.1% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Slovenia ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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