Croatia: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Croatia

The Croatian silicon dioxide market declined notably to $X in 2021, shrinking by -26.2% against the previous year. In general, consumption showed a abrupt decline. Silicon dioxide consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Silicon Dioxide Production in Croatia

In value terms, silicon dioxide production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 22% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Silicon Dioxide Exports

Exports from Croatia

In 2021, after five years of growth, there was significant decline in shipments abroad of silicon dioxide, when their volume decreased by -9.4% to X tons. In general, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by 570% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted in the following year.

In value terms, silicon dioxide exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2014 when exports increased by 482%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for silicon dioxide exports from Croatia, accounting for a 47% share of total exports. Moreover, silicon dioxide exports to Slovenia exceeded the volume sent to the second major destination, Serbia (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia stood at +85.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+20.6% per year) and Poland (+111.1% per year).

In value terms, Slovenia ($X) remains the key foreign market for silicon dioxide exports from Croatia, comprising 43% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with an 11% share of total exports. It was followed by Poland, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia totaled +72.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+23.9% per year) and Poland (+94.7% per year).

Export Prices by Country

In 2021, the average silicon dioxide export price amounted to $X per ton, picking up by 37% against the previous year. In general, the export price, however, continues to indicate a deep downturn. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Serbia ($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 (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Silicon Dioxide Imports

Imports into Croatia

In 2021, imports of silicon dioxide into Croatia dropped sharply to X tons, which is down by -30.1% on 2020. Over the period under review, imports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 47%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, silicon dioxide imports dropped modestly to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 55%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest silicon dioxide supplier to Croatia, accounting for a 38% share of total imports. Moreover, silicon dioxide imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-6.7% per year) and Italy (+4.5% per year).

In value terms, the largest silicon dioxide suppliers to Croatia were Germany ($X), the United States ($X) and Belgium ($X), with a combined 66% share of total imports. France, Italy, Slovenia, China and the Netherlands lagged somewhat behind, together comprising a further 23%.

In terms of the main suppliers, Slovenia, with a CAGR of +36.9%, recorded 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

The average silicon dioxide import price stood at $X per ton in 2021, picking up by 41% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +8.0% 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 2013 when the average import price increased by 78% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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