Croatia: Vegetable Tanning Extracts Market 2024

Vegetable Tanning Extracts Market Size in Croatia

In 2022, the Croatian vegetable tanning extracts market increased by 8.2% to $X, rising for the second year in a row after three years of decline. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +15.3% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Vegetable Tanning Extracts Exports

Exports from Croatia

In 2022, after two years of decline, there was significant growth in overseas shipments of tanning extracts of vegetable origin, tannins and their salts other derivatives, when their volume increased by 164% to X kg. Over the period under review, exports showed a measured increase. The growth pace was the most rapid in 2014 when exports increased by 254% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, vegetable tanning extracts exports surged to $X in 2022. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 103% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Bosnia and Herzegovina (X kg), Serbia (X kg) and Germany (X kg) were the main destinations of vegetable tanning extracts exports from Croatia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +62.0%), while the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for tanning extracts of vegetable origin, tannins and their salts other derivatives exports from Croatia, comprising 69% of total exports. The second position in the ranking was taken by Serbia ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+54.5% per year) and Germany (0.0% per year).

Export Prices by Country

In 2022, the average vegetable tanning extracts export price amounted to $X per ton, which is down by -40.1% against the previous year. In general, the export price, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 86% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Germany ($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 Italy (+58.3%), while the prices for the other major destinations experienced more modest paces of growth.

Vegetable Tanning Extracts Imports

Imports into Croatia

In 2022, after three years of decline, there was significant growth in supplies from abroad of tanning extracts of vegetable origin, tannins and their salts other derivatives, when their volume increased by 20% to X tons. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 30%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable tanning extracts imports rose notably to $X in 2022. In general, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +15.7% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 25%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Slovenia (X tons) constituted the largest vegetable tanning extracts supplier to Croatia, accounting for a 74% share of total imports. Moreover, vegetable tanning extracts imports from Slovenia exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovenia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+7.2% per year) and Germany (+24.3% per year).

In value terms, the largest vegetable tanning extracts suppliers to Croatia were Italy ($X), Slovenia ($X) and Germany ($X), together comprising 96% of total imports. France lagged somewhat behind, comprising a further 3.7%.

Among the main suppliers, France, with a CAGR of +21.4%, 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

The average vegetable tanning extracts import price stood at $X per ton in 2022, with a decrease of -9.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18%. The import price peaked at $X per ton in 2021, and then fell in the following year.

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 Italy ($X per ton), while the price for Slovenia ($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 (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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