Croatia: Market for Saturated Acyclic Monocarboxylic Acids 2024

Market Size for Saturated Acyclic Monocarboxylic Acids in Croatia

The Croatian saturated acyclic monocarboxylic acids market shrank slightly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Saturated acyclic monocarboxylic acids consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Saturated Acyclic Monocarboxylic Acids in Croatia

In value terms, saturated acyclic monocarboxylic acids production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded a mild decrease. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Saturated Acyclic Monocarboxylic Acids

Exports from Croatia

In 2022, approx. X tons of saturated acyclic monocarboxylic acids were exported from Croatia; with an increase of X% against 2021 figures. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, saturated acyclic monocarboxylic acids exports surged to $X in 2022. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Lithuania (X tons) was the main destination for saturated acyclic monocarboxylic acids exports from Croatia, with a X% share of total exports. Moreover, saturated acyclic monocarboxylic acids exports to Lithuania exceeded the volume sent to the second major destination, Slovenia (X tons), fivefold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Turkey (X% per year).

In value terms, Lithuania ($X) remains the key foreign market for saturated acyclic monocarboxylic acids exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Slovenia ($X), with a X% share of total exports. It was followed by Turkey, with an X% share.

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

Export Prices by Country

The average saturated acyclic monocarboxylic acids export price stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Lithuania ($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 Turkey (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Saturated Acyclic Monocarboxylic Acids

Imports into Croatia

In 2022, supplies from abroad of saturated acyclic monocarboxylic acids increased by less than X% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, saturated acyclic monocarboxylic acids imports expanded slightly to $X in 2022. Overall, imports showed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X tons), Slovenia (X tons) and Italy (X tons) were the main suppliers of saturated acyclic monocarboxylic acids imports to Croatia, with a combined X% share of total imports. Germany, Turkey, the Netherlands, Poland and Belgium lagged somewhat behind, together comprising a further X%.

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

In value terms, Slovenia ($X), Germany ($X) and Italy ($X) constituted the largest saturated acyclic monocarboxylic acids suppliers to Croatia, with a combined X% share of total imports. China, Belgium, Turkey, Poland and the Netherlands lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 saturated acyclic monocarboxylic acids import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is likely to see steady 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 Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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