Croatia: Aluminium Hydroxide Market 2022

Aluminium Hydroxide Market Size in Croatia

The Croatian aluminium hydroxide market declined to $X in 2021, which is down by -X% against the previous year. In general, consumption continues to indicate a noticeable setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Aluminium Hydroxide Production in Croatia

In value terms, aluminium hydroxide production contracted to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced decrease. The growth pace was the most rapid in 2020 with an increase of X%. Aluminium hydroxide production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Aluminium Hydroxide Exports

Exports from Croatia

In 2021, after six years of growth, there was significant decline in overseas shipments of aluminium hydroxide, when their volume decreased by -X% to X kg. Overall, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, aluminium hydroxide exports dropped dramatically to $X in 2021. In general, exports recorded a significant contraction. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of $X, and then declined rapidly in the following year.

Exports by Country

Serbia (X kg) was the main destination for aluminium hydroxide exports from Croatia, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Serbia was relatively modest.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia stood at +X%.

Export Prices by Country

In 2021, the average aluminium hydroxide export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price recorded a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Serbia.

From 2012 to 2021, the rate of growth in terms of prices for Serbia amounted to +X% per year.

Aluminium Hydroxide Imports

Imports into Croatia

In 2021, supplies from abroad of aluminium hydroxide decreased by -X% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, aluminium hydroxide imports fell notably to $X in 2021. Over the period under review, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Bosnia and Herzegovina (X tons), Germany (X tons) and Slovenia (X tons) were the main suppliers of aluminium hydroxide imports to Croatia, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest aluminium hydroxide suppliers to Croatia were Germany ($X), Bosnia and Herzegovina ($X) and Slovenia ($X), together comprising X% of total imports.

Germany, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average aluminium hydroxide import price stood at $X per ton in 2021, reducing by -X% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aluminium hydroxide import price increased by +X% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

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

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

Source: IndexBox Platform