Croatia: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Croatia

The Croatian vulcanised cellular rubber articles market soared to $X in 2021, picking up by 82% against the previous year. In general, consumption recorded strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Vulcanised Cellular Rubber Articles For Technical Uses in Croatia

In value terms, vulcanised cellular rubber articles production surged to $X in 2021 estimated in export price. Overall, production continues to indicate strong growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Croatia

In 2021, overseas shipments of vulcanised cellular rubber articles for technical uses increased by 8.3% to X tons, rising for the second year in a row after two years of decline. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 803% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, vulcanised cellular rubber articles exports surged to $X in 2021. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 265%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Bosnia and Herzegovina (X tons), Serbia (X tons) and Italy (X tons) were the main destinations of vulcanised cellular rubber articles exports from Croatia, with a combined 71% share of total exports. Romania, Hungary, Slovenia, Latvia, Montenegro, the Czech Republic, North Macedonia, Finland and Kosovo lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +247.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Serbia ($X) and Italy ($X) constituted the largest markets for vulcanised cellular rubber articles exported from Croatia worldwide, with a combined 61% share of total exports. These countries were followed by Romania, Montenegro, Hungary, Slovenia, Latvia, the Czech Republic, North Macedonia, Finland and Kosovo, which together accounted for a further 24%.

Latvia, with a CAGR of +287.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average vulcanised cellular rubber articles export price amounted to $X per ton, with an increase of 14% against the previous year. Overall, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 50%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Montenegro ($X per ton), while the average price for exports to Italy ($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 Finland (+62.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Croatia

In 2021, approx. X tons of vulcanised cellular rubber articles for technical uses were imported into Croatia; picking up by 18% against 2020. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 86% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, vulcanised cellular rubber articles imports soared to $X in 2021. Overall, imports enjoyed buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 76%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of vulcanised cellular rubber articles to Croatia, with a 48% share of total imports. Moreover, vulcanised cellular rubber articles imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +41.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+48.1% per year) and China (+22.9% per year).

In value terms, Italy ($X) constituted the largest supplier of vulcanised cellular rubber articles for technical uses to Croatia, comprising 48% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Germany, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Italy amounted to +40.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.5% per year) and Germany (-3.3% per year).

Import Prices by Country

In 2021, the average vulcanised cellular rubber articles import price amounted to $X per ton, surging by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2019 when the average import price increased by 63% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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