Croatia: Market for Soap In Different Forms 2024

Market Size for Soap In Different Forms in Croatia

The Croatian soap in different forms market declined to $X in 2021, with a decrease of -12.9% against the previous year. Overall, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +30.5% against 2017 indices. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Production of Soap In Different Forms in Croatia

In value terms, soap in different forms production fell markedly to $X in 2021 estimated in export price. Overall, production saw a abrupt descent. The growth pace was the most rapid in 2020 when the production volume increased by 243%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Exports of Soap In Different Forms

Exports from Croatia

After two years of decline, overseas shipments of soap in different forms increased by 24% to X tons in 2021. Overall, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 103%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, soap in different forms exports contracted slightly to $X in 2021. Over the period under review, exports showed a buoyant expansion. The growth pace was the most rapid in 2018 when exports increased by 86% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X tons), Serbia (X tons) and Slovenia (X tons) were the main destinations of soap in different forms exports from Croatia, together accounting for 82% of total exports. These countries were followed by Italy, Montenegro, Hungary, North Macedonia and Germany, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +102.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) remains the key foreign market for soap in different forms exports from Croatia, comprising 33% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 16% share of total exports. It was followed by Hungary, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia amounted to +33.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+10.9% per year) and Hungary (+80.3% per year).

Export Prices by Country

In 2021, the average soap in different forms export price amounted to $X per ton, dropping by -19.8% against the previous year. In general, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 73%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Serbia ($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 Germany (+16.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Soap In Different Forms

Imports into Croatia

Soap in different forms imports into Croatia fell significantly to X tons in 2021, dropping by -16.2% compared with the previous year's figure. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.3% against 2012 indices. The pace of growth appeared the most rapid in 2014 with an increase of 45% against the previous year. Imports peaked at X tons in 2020, and then declined markedly in the following year.

In value terms, soap in different forms imports contracted to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +38.1% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 53% against the previous year. Imports peaked at $X in 2020, and then contracted modestly in the following year.

Imports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of soap in different forms imports to Croatia, with a combined 52% share of total imports. These countries were followed by Turkey, Indonesia, France, Slovenia, Hungary, Malaysia and the Czech Republic, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +41.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Poland ($X) constituted the largest soap in different forms suppliers to Croatia, together accounting for 52% of total imports. Hungary, Turkey, France, Indonesia, Slovenia, Malaysia and the Czech Republic lagged somewhat behind, together comprising a further 30%.

Turkey, with a CAGR of +32.5%, 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 2021, the average soap in different forms import price amounted to $X per ton, picking up by 13% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 14% 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 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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