Croatia: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Croatia

The Croatian fluorescent brightening agents market declined remarkably to $X in 2022, reducing by -19.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Fluorescent Brightening Agents Exports

Exports from Croatia

In 2022, shipments abroad of synthetic organic products used as fluorescent brightening agents decreased by -22.3% to X kg for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2013 with an increase of 5,505% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, fluorescent brightening agents exports dropped dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 4,313%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X kg) was the main destination for fluorescent brightening agents exports from Croatia, accounting for a 90% share of total exports. Moreover, fluorescent brightening agents exports to Italy exceeded the volume sent to the second major destination, Serbia (X kg), more than tenfold. Slovenia (X kg) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled -23.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-10.9% per year) and Slovenia (-35.7% per year).

In value terms, Italy ($X) remains the key foreign market for synthetic organic products used as fluorescent brightening agents exports from Croatia, comprising 85% of total exports. The second position in the ranking was taken by Serbia ($X), with a 7.3% share of total exports. It was followed by Slovenia, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at -17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+0.1% per year) and Slovenia (-31.9% per year).

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, waning by -18.1% against the previous year. In general, the export price, however, enjoyed a temperate increase. The growth pace was the most rapid in 2014 an increase of 86%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Italy ($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 Serbia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Croatia

In 2022, fluorescent brightening agents imports into Croatia shrank remarkably to X tons, waning by -24.7% against the previous year. In general, imports saw a slight descent. The growth pace was the most rapid in 2013 when imports increased by 41%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, fluorescent brightening agents imports reduced dramatically to $X in 2022. Overall, imports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by 20%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), Switzerland (X tons) and Germany (X tons) were the main suppliers of fluorescent brightening agents imports to Croatia, together comprising 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +12.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to Croatia, comprising 51% of total imports. The second position in the ranking was held by Switzerland ($X), with a 21% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-6.3% per year) and Germany (+16.0% per year).

Import Prices by Country

In 2022, the average fluorescent brightening agents import price amounted to $X per ton, increasing by 8.7% against the previous year. Over the period under review, the import price, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 31%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+37.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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