Croatia: Vulcanised Rubber Thread Market 2024

Vulcanised Rubber Thread Market Size in Croatia

The Croatian vulcanised rubber thread market contracted significantly to $X in 2021, waning by -22.6% 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, however, enjoyed a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Vulcanised Rubber Thread Exports

Exports from Croatia

In 2021, the amount of vulcanised rubber thread and cord exported from Croatia stood at X tons, remaining relatively unchanged against the previous year. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 20,700% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, vulcanised rubber thread exports skyrocketed to $X in 2021. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 7,278%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Serbia (X tons), North Macedonia (X tons) and Slovenia (X kg) were the main destinations of vulcanised rubber thread exports from Croatia, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +8.2%), while the other leaders experienced mixed trend patterns.

In value terms, Serbia ($X) emerged as the key foreign market for vulcanised rubber thread and cord exports from Croatia, comprising 67% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia amounted to +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+6.3% per year) and Slovenia (-24.6% per year).

Export Prices by Country

In 2021, the average vulcanised rubber thread export price amounted to $X per ton, picking up by 21% against the previous year. In general, the export price, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 141% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Slovenia ($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 Serbia (-1.2%), while the prices for the other major destinations experienced a decline.

Vulcanised Rubber Thread Imports

Imports into Croatia

In 2021, imports of vulcanised rubber thread and cord into Croatia reduced dramatically to X tons, which is down by -28.6% compared with the year before. Over the period under review, imports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2014 when imports increased by 116%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, vulcanised rubber thread imports stood at $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 68% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of vulcanised rubber thread to Croatia, with a 86% share of total imports. Moreover, vulcanised rubber thread imports from Italy exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +92.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+197.3% per year) and Thailand (+14.1% per year).

In value terms, Italy ($X) constituted the largest supplier of vulcanised rubber thread and cord to Croatia, comprising 74% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +83.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+154.7% per year) and Thailand (+12.0% per year).

Import Prices by Country

The average vulcanised rubber thread import price stood at $X per ton in 2021, rising by 40% against the previous year. Overall, the import price, however, saw a perceptible reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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