Croatia: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Croatia

In 2022, the Croatian plastic ornamental articles market increased by 14% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.4% against 2020 indices. Plastic ornamental articles consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Plastic Ornamental Articles Production in Croatia

In value terms, plastic ornamental articles production amounted to $X in 2022 estimated in export price. Overall, production faced a abrupt decline. The growth pace was the most rapid in 2018 when the production volume increased by 322% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Plastic Ornamental Articles Exports

Exports from Croatia

In 2022, overseas shipments of statuettes and other ornamental articles of plastic increased by 113% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a perceptible setback. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic ornamental articles exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2016 with an increase of 82%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Slovenia (X tons) was the main destination for plastic ornamental articles exports from Croatia, accounting for a 64% share of total exports. Moreover, plastic ornamental articles 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 Bosnia and Herzegovina (X tons), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia stood at -6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+53.9% per year) and Bosnia and Herzegovina (-12.3% per year).

In value terms, Slovenia ($X) emerged as the key foreign market for statuettes and other ornamental articles of plastic exports from Croatia, comprising 49% of total exports. The second position in the ranking was taken by Serbia ($X), with a 22% share of total exports. It was followed by the UK, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia amounted to -5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+50.6% per year) and the UK (+23.7% per year).

Export Prices by Country

In 2022, the average plastic ornamental articles export price amounted to $X per ton, dropping by -32.9% against the previous year. Overall, the export price, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 73%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Slovenia ($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 the UK (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Ornamental Articles Imports

Imports into Croatia

In 2022, overseas purchases of statuettes and other ornamental articles of plastic increased by 3.1% to X tons, rising for the fifth consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, plastic ornamental articles imports skyrocketed to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +52.6% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 31%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), Hungary (X tons) and China (X tons) were the main suppliers of plastic ornamental articles imports to Croatia, together accounting for 69% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +47.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Croatia, comprising 42% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-9.9% per year) and the Netherlands (+40.1% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, rising by 17% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 19%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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