Croatia: Amino Resin Market 2024

Amino Resin Market Size in Croatia

In 2022, the Croatian amino resin market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Amino Resin Exports

Exports from Croatia

In 2022, the amount of amino resins exported from Croatia surged to X tons, picking up by X% on 2021 figures. Overall, exports posted a prominent increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, amino resin exports soared to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for amino resin exports from Croatia, with a X% share of total exports. Moreover, amino resin exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, North Macedonia (X tons), more than tenfold. The third position in this ranking was held by Slovenia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Slovenia (X% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for amino resins exports from Croatia, comprising X% of total exports. The second position in the ranking was held by North Macedonia ($X), with an X% share of total exports. It was followed by Serbia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Serbia (X% per year).

Export Prices by Country

In 2022, the average amino resin export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Serbia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Amino Resin Imports

Imports into Croatia

In 2022, after two years of growth, there was significant decline in overseas purchases of amino resins, when their volume decreased by X% to X tons. In general, total imports indicated prominent growth from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, amino resin imports declined to $X in 2022. Overall, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of amino resin imports to Croatia, together accounting for X% of total imports. Turkey, Germany, Greece and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and the Netherlands ($X) appeared to be the largest amino resin suppliers to Croatia, with a combined X% share of total imports. Turkey, Germany, Greece and Hungary lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Turkey, 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 amino resin import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 Hungary ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform