Croatia: Market for Caustic Soda in the Solid Form 2024

Market Size for Caustic Soda in the Solid Form in Croatia

After three years of decline, the Croatian market for caustic soda in the solid form increased by 44% to $X in 2021. In general, consumption, however, continues to indicate a mild descent. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Caustic Soda in the Solid Form in Croatia

In value terms, production of caustic soda in the solid form contracted rapidly to $X in 2021 estimated in export price. Overall, production saw a precipitous curtailment. Over the period under review, production of caustic soda in solid form hit record highs at $X in 2020, and then reduced sharply in the following year.

Exports of Caustic Soda in the Solid Form

Exports from Croatia

In 2021, the amount of caustic soda in the solid form exported from Croatia declined rapidly to X tons, waning by -68.8% compared with the year before. Overall, exports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 208% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of caustic soda in the solid form fell markedly to $X in 2021. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 172%. Over the period under review, the exports of caustic soda in solid form hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons), Bosnia and Herzegovina (X tons) and Serbia (X kg) were the main destinations of exports of caustic soda in the solid form from Croatia, with a combined 100% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +83.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Bosnia and Herzegovina ($X), Slovenia ($X) and Serbia ($X) appeared to be the largest markets for caustic soda in the solid form exported from Croatia worldwide, with a combined 99% share of total exports.

Among the main countries of destination, Serbia, with a CAGR of +64.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for caustic soda in the solid form stood at $X per ton in 2021, jumping by 102% against the previous year. Over the period under review, the export price recorded a noticeable expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Slovenia ($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 Bosnia and Herzegovina (+15.4%), while the prices for the other major destinations experienced a decline.

Imports of Caustic Soda in the Solid Form

Imports into Croatia

In 2021, imports of caustic soda in the solid form into Croatia skyrocketed to X tons, growing by 25% against the previous year's figure. In general, imports, however, continue to indicate a perceptible contraction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of caustic soda in the solid form soared to $X in 2021. Overall, imports, however, showed a mild downturn. The growth pace was the most rapid in 2017 with an increase of 46% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X tons) constituted the largest caustic soda in the solid form supplier to Croatia, accounting for a 51% share of total imports. Moreover, imports of caustic soda in the solid form from Poland exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fourfold. The third position in this ranking was taken by Austria (X tons), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from Poland amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+32.8% per year) and Austria (-22.6% per year).

In value terms, Poland ($X), Slovenia ($X) and the Netherlands ($X) were the largest caustic soda in the solid form suppliers to Croatia, with a combined 69% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +74.4%, saw the highest rates of growth with regard to 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

In 2021, the average import price for caustic soda in the solid form amounted to $X per ton, increasing by 2.8% against the previous year. Overall, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for caustic soda in the solid form decreased by -15.0% against 2018 indices. The pace of growth was the most pronounced in 2017 an increase of 36%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :