Croatia: Market for Wood Pellets And Other Agglomerates 2024

Market Size for Wood Pellets And Other Agglomerates in Croatia

In 2022, the Croatian market for wood pellets and other agglomerates decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption saw a abrupt descent. Wood pellets and other agglomerates consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Wood Pellets And Other Agglomerates in Croatia

In value terms, wood pellets and other agglomerates production declined to $X in 2022 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Wood Pellets And Other Agglomerates

Exports from Croatia

After three years of growth, shipments abroad of wood pellets and other agglomerates decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% 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 X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, wood pellets and other agglomerates exports surged to $X in 2022. In general, exports, however, showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for wood pellets and other agglomerates exports from Croatia, accounting for a X% share of total exports. Moreover, wood pellets and other agglomerates exports to Italy exceeded the volume sent to the second major destination, Slovenia (X tons), fivefold. The third position in this ranking was taken by Serbia (X tons), with a X% share.

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

In value terms, Italy ($X) remains the key foreign market for wood pellets and other agglomerates exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports. It was followed by Serbia, with a X% share.

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

Export Prices by Country

The average export price for wood pellets and other agglomerates stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price saw a strong expansion. 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 Italy ($X per ton), while the average price for exports to Germany ($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 Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wood Pellets And Other Agglomerates

Imports into Croatia

In 2022, overseas purchases of wood pellets and other agglomerates decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, wood pellets and other agglomerates imports declined to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Bosnia and Herzegovina (X tons), Montenegro (X tons) and Slovenia (X tons) were the main suppliers of wood pellets and other agglomerates imports to Croatia, together comprising X% of total imports. Austria, Italy, Ukraine and Turkey lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest wood pellets and other agglomerates suppliers to Croatia were Slovenia ($X), Bosnia and Herzegovina ($X) and Montenegro ($X), with a combined X% share of total imports.

In terms of the main suppliers, Montenegro, with a CAGR of X%, recorded the highest growth rate of 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 import price for wood pellets and other agglomerates stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 Slovenia ($X per ton), while the price for Montenegro ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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