Croatia: Slaked Lime Market 2024

Slaked Lime Market Size in Croatia

The Croatian slaked lime market reached $X in 2021, increasing by 13% against the previous year. In general, consumption, however, recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Slaked Lime Production in Croatia

In value terms, slaked lime production expanded notably to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 15%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Slaked Lime Exports

Exports from Croatia

After two years of growth, overseas shipments of slaked lime decreased by -12.7% to X tons in 2021. Overall, exports saw a noticeable contraction. The growth pace was the most rapid in 2013 when exports increased by 23%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, slaked lime exports contracted to $X in 2021. In general, exports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 8%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for slaked lime exports from Croatia, with a 52% share of total exports. Moreover, slaked lime exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Montenegro (X tons), fourfold. Albania (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+0.6% per year) and Albania (-7.9% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for slaked lime exports from Croatia, comprising 52% of total exports. The second position in the ranking was held by Montenegro ($X), with a 13% share of total exports. It was followed by Hungary, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+1.4% per year) and Hungary (+4.6% per year).

Export Prices by Country

In 2021, the average slaked lime export price amounted to $X per ton, increasing by 5.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2015 when the average export price increased by 25% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

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 Hungary ($X per ton), while the average price for exports to Kosovo ($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 Kosovo (+83.3%), while the prices for the other major destinations experienced more modest paces of growth.

Slaked Lime Imports

Imports into Croatia

In 2021, supplies from abroad of slaked lime increased by 0.7% to X tons, rising for the fourth consecutive year after two years of decline. Overall, imports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2019 with an increase of 64% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, slaked lime imports rose significantly to $X in 2021. In general, imports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 52%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Slovenia (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of slaked lime imports to Croatia, with a combined 92% share of total imports. These countries were followed by the Czech Republic and Serbia, which together accounted for a further 6.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +97.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest slaked lime suppliers to Croatia were Italy ($X), Slovenia ($X) and Bosnia and Herzegovina ($X), with a combined 83% share of total imports. These countries were followed by the Czech Republic and Serbia, which together accounted for a further 14%.

The Czech Republic, with a CAGR of +96.2%, 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

The average slaked lime import price stood at $X per ton in 2021, with an increase of 12% against the previous year. Overall, the import price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2014 an increase of 27%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat 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 Serbia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+1.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :