Croatia: Epoxide Resin Market 2024

Epoxide Resin Market Size in Croatia

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

Epoxide Resin Exports

Exports from Croatia

In 2022, epoxide resin exports from Croatia reduced dramatically to X tons, which is down by X% against the previous year's figure. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, epoxide resin exports declined remarkably to $X in 2022. Over the period under review, exports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced notably in the following year.

Exports by Country

Serbia (X tons), Bosnia and Herzegovina (X tons) and Slovenia (X tons) were the main destinations of epoxide resin exports from Croatia, with a combined X% share of total exports. Italy and Montenegro lagged somewhat behind, together accounting for a further X%.

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

In value terms, Serbia ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for epoxide resin exported from Croatia worldwide, together accounting for X% of total exports. Italy and Montenegro lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Montenegro, with a CAGR of X%, recorded the highest rates of growth with regard to 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 epoxide resin export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price showed a modest increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Slovenia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Epoxide Resin Imports

Imports into Croatia

In 2022, supplies from abroad of epoxide resins decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated moderate 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, epoxide resin imports declined to $X in 2022. In general, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Slovenia (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of epoxide resin imports to Croatia, with a combined X% share of total imports. The Netherlands, Italy, Austria, Hungary and Poland lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), the Czech Republic ($X) and Slovenia ($X) were the largest epoxide resin suppliers to Croatia, with a combined X% share of total imports. Italy, the Netherlands, Austria, Hungary and Poland lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to 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 epoxide resin import price stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price 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, epoxide resin import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hungary ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform