Croatia: Carboxylic Acid Market 2024

Carboxylic Acid Market Size in Croatia

The Croatian carboxylic acid market rose remarkably to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable slump. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Carboxylic Acid Production in Croatia

In value terms, carboxylic acid production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a significant increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Carboxylic Acid Exports

Exports from Croatia

In 2022, the amount of carboxylic acid with alcohol, phenol, aldehyde or ketone functions exported from Croatia skyrocketed to X tons, with an increase of X% against 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, carboxylic acid exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a perceptible downturn. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Slovenia (X tons) was the main destination for carboxylic acid exports from Croatia, with a X% share of total exports. Moreover, carboxylic acid exports to Slovenia exceeded the volume sent to the second major destination, Bulgaria (X tons), twofold. Serbia (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for carboxylic acid exported from Croatia were Slovenia ($X), Bulgaria ($X) and Bosnia and Herzegovina ($X), with a combined X% share of total exports. Serbia, the United States and Hungary lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average carboxylic acid export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price, however, saw a dramatic setback. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Slovenia ($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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Carboxylic Acid Imports

Imports into Croatia

Carboxylic acid imports into Croatia surged to X tons in 2022, with an increase of X% on the year before. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, carboxylic acid imports rose sharply to $X in 2022. Over the period under review, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), China (X tons) and Austria (X tons) were the main suppliers of carboxylic acid imports to Croatia, together accounting for X% of total imports. Italy, Greece, Germany, Slovenia, Hungary and India 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 Greece (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carboxylic acid suppliers to Croatia were the Netherlands ($X), Italy ($X) and Germany ($X), together comprising X% of total imports. Greece, China, Austria, India, Hungary and Slovenia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Slovenia, with a CAGR of X%, saw 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

In 2022, the average carboxylic acid import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 India ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :