Croatia: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Croatia

The Croatian market for unsaturated polyesters in primary forms fell to $X in 2021, which is down by -7.6% against the previous year. Over the period under review, consumption recorded a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Unsaturated Polyesters In Primary Forms in Croatia

In value terms, unsaturated polyesters in primary forms production contracted to $X in 2021 estimated in export price. Overall, production saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 12%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Croatia

Unsaturated polyesters in primary forms exports from Croatia surged to X tons in 2021, jumping by 24% against 2020. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms exports skyrocketed to $X in 2021. In general, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for unsaturated polyesters in primary forms exports from Croatia, accounting for a 32% share of total exports. Moreover, unsaturated polyesters in primary forms exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by Romania (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+13.1% per year) and Romania (+37.9% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for unsaturated polyesters in primary forms exports from Croatia, comprising 28% of total exports. The second position in the ranking was taken by Poland ($X), with a 13% share of total exports. It was followed by Hungary, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+16.3% per year) and Hungary (+17.0% per year).

Export Prices by Country

In 2021, the average export price for unsaturated polyesters in primary forms amounted to $X per ton, growing by 63% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Romania ($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 Slovenia (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Croatia

In 2021, overseas purchases of unsaturated polyesters in primary forms were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms imports surged to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of unsaturated polyesters in primary forms to Croatia, with a 51% share of total imports. Moreover, unsaturated polyesters in primary forms imports from Italy exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), threefold. The third position in this ranking was held by France (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+4.7% per year) and France (+12.0% per year).

In value terms, Italy ($X) constituted the largest supplier of unsaturated polyesters in primary forms to Croatia, comprising 55% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by Slovenia, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+16.7% per year) and Slovenia (+3.6% per year).

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, rising by 30% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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