Croatia: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Croatia

In 2022, the Croatian barium or aluminium sulphates market decreased by -59.5% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption, however, saw a buoyant increase. Barium or aluminium sulphates consumption peaked at $X in 2021, and then declined significantly in the following year.

Exports of Sulphates Of Barium Or Aluminium

Exports from Croatia

In 2022, the amount of sulphates of barium or aluminium exported from Croatia fell markedly to X tons, declining by -73.1% on the previous year. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 85,083% against the previous year. As a result, the exports attained the peak of X tons, and then declined notably in the following year.

In value terms, barium or aluminium sulphates exports declined dramatically to $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 34,419%. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

Slovenia (X tons) was the main destination for barium or aluminium sulphates exports from Croatia, accounting for a 87% share of total exports. Moreover, barium or aluminium sulphates exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X kg), more than tenfold. The third position in this ranking was taken by Montenegro (X kg), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovenia stood at +91.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+35.3% per year) and Montenegro (0.0% per year).

In value terms, Slovenia ($X) emerged as the key foreign market for sulphates of barium or aluminium exports from Croatia, comprising 79% of total exports. The second position in the ranking was taken by Montenegro ($X), with a 9.9% share of total exports. It was followed by Bosnia and Herzegovina, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value to Slovenia totaled +67.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (0.0% per year) and Bosnia and Herzegovina (+40.8% per year).

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, with an increase of 4.6% against the previous year. Over the period under review, the export price showed a strong expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 36%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Serbia ($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 Bosnia and Herzegovina (+4.1%), while the prices for the other major destinations experienced a decline.

Imports of Sulphates Of Barium Or Aluminium

Imports into Croatia

In 2022, overseas purchases of sulphates of barium or aluminium decreased by -65% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 77%. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports contracted dramatically to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 46%. Over the period under review, imports hit record highs at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

In 2022, Slovenia (X tons) constituted the largest supplier of barium or aluminium sulphates to Croatia, with a 77% share of total imports. Moreover, barium or aluminium sulphates imports from Slovenia exceeded the figures recorded by the second-largest supplier, Finland (X tons), fivefold. The third position in this ranking was held by Bosnia and Herzegovina (X tons), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovenia amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (0.0% per year) and Bosnia and Herzegovina (-6.7% per year).

In value terms, Slovenia ($X) constituted the largest supplier of sulphates of barium or aluminium to Croatia, comprising 72% of total imports. The second position in the ranking was taken by Finland ($X), with a 12% share of total imports. It was followed by Bosnia and Herzegovina, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from Slovenia totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (0.0% per year) and Bosnia and Herzegovina (-6.1% per year).

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, surging by 22% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 43%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Hungary ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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