Report Update: May 1, 2024

Croatia - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights

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Price for Processed Petroleum Oils and Distillates in Croatia - 2023

Price for Processed Petroleum Oils and Distillates in Croatia (CIF) - 2023

The average import price for processed petroleum oils and distillates stood at $880 per ton in July 2023, surging by 5.8% against the previous month. Over the period under review, the import price, however, recorded a pronounced reduction. The pace of growth was the most pronounced in October 2022 an increase of 9.3% against the previous month. The import price peaked at $1,159 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Greece ($1,723 per ton), while the price for Italy ($845 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Greece (+1.2%), while the prices for the other major suppliers experienced a decline.

Price for Processed Petroleum Oils and Distillates in Croatia (FOB) - 2023

The average export price for processed petroleum oils and distillates stood at $833 per ton in July 2023, rising by 9.6% against the previous month. Overall, the export price, however, recorded a pronounced decrease. Over the period under review, the average export prices attained the peak figure at $1,150 per ton in November 2022; however, from December 2022 to July 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Serbia ($964 per ton), while the average price for exports to Belgium ($587 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates in Croatia

In 2022, approx. 2.8M tons of processed petroleum oils and distillates were imported into Croatia; dropping by -26.1% against 2021 figures. Overall, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.2% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 80%. As a result, imports reached the peak of 3.7M tons, and then dropped rapidly in the following year.

In value terms, processed petroleum oils and distillates imports skyrocketed to $2.9B in 2022. Over the period under review, imports, however, posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Processed Petroleum Oils and Distillates in Croatia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	971	339	697	1,540	16.6%
Slovenia	266	170	451	913	50.8%
Greece	1.6	162	152	135	338.6%
Bulgaria	0.3	N/A	40.5	72.8	523.7%
Turkey	2.6	1.9	4.1	64.8	192.1%
Hungary	88.8	54.4	68.3	42.7	-21.7%
Slovakia	33.1	21.6	12.0	24.1	-10.0%
Spain	64.5	11.5	17.9	0.3	-83.3%
Russia	30.7	66.7	38.5	N/A	12.0%
Others	68.1	60.4	118	121	21.1%
Total	1,527	887	1,599	2,914	24.0%

Top Suppliers of Processed Petroleum Oils and Distillates to Croatia in 2022:

Italy (1506.1K tons)
Slovenia (814.2K tons)
Greece (124.1K tons)
Bulgaria (117.3K tons)
Turkey (55.2K tons)
Hungary (36.0K tons)
Slovakia (27.3K tons)
Spain (0.6K tons)

Exports of Processed Petroleum Oils and Distillates in Croatia

In 2022, approx. 1.5M tons of processed petroleum oils and distillates were exported from Croatia; reducing by -8.1% on the previous year's figure. Over the period under review, exports recorded a abrupt slump. The smallest decline of -3.5% was in 2021.

In value terms, processed petroleum oils and distillates exports soared to $1.6B in 2022. Overall, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 68%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Processed Petroleum Oils and Distillates in Croatia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bosnia and Herzegovina	492	279	512	991	26.3%
Montenegro	69.3	42.8	72.5	110	16.7%
Spain	14.1	25.2	N/A	77.0	76.1%
Israel	N/A	N/A	N/A	64.8	0%
Gibraltar	30.0	36.9	67.4	47.9	16.9%
Albania	38.4	27.7	20.4	46.5	6.6%
Slovenia	17.4	10.8	90.3	43.7	35.9%
Hungary	25.4	9.4	22.6	35.0	11.3%
Morocco	N/A	N/A	N/A	34.8	0%
Serbia	24.1	5.5	41.1	29.0	6.4%
Malta	12.2	26.3	21.5	16.8	11.3%
Italy	301	81.4	90.7	15.4	-62.9%
Greece	56.9	11.7	13.9	1.7	-69.0%
Others	66.3	51.7	68.1	61.5	-2.5%
Total	1,147	609	1,021	1,576	11.2%

Top Export Markets for Processed Petroleum Oils and Distillates from Croatia in 2022:

Bosnia and Herzegovina (903.3K tons)
Spain (103.1K tons)
Montenegro (101.7K tons)
Gibraltar (64.8K tons)
Israel (56.9K tons)
Albania (43.3K tons)
Hungary (32.9K tons)
Slovenia (32.2K tons)
Morocco (24.9K tons)
Serbia (23.1K tons)
Malta (23.0K tons)
Italy (16.0K tons)
Greece (3.5K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Croatia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Croatia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023