Croatia: Hormone Market Overview 2020

Hormone Market Size in Croatia

The revenue of the hormone market in Croatia amounted to $X in 2018, going up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, hormone consumption continues to indicate outstanding growth. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. Over the period under review, the hormone market attained its maximum level in 2018 and is expected to retain its growth in the immediate term.

Hormone Exports

Exports from Croatia

In 2018, the exports of hormones, prostaglandins, thromboxanes and leukotrienes from Croatia amounted to X kg, growing by X% against the previous year. Overall, hormone exports continue to indicate extraordinary growth. The pace of growth was the most pronounced in 2018 when exports increased by X% year-to-year. In that year, hormone exports attained their peak and are likely to continue its growth in the immediate term.

In value terms, hormone exports stood at $X in 2018. In general, hormone exports continue to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. In that year, hormone exports reached their peak and are likely to continue its growth in the immediate term.

Exports by Country

Slovenia (X kg) was the main destination for hormone exports from Croatia, with a X% share of total exports. Moreover, hormone exports to Slovenia exceeded the volume sent to the second major destination, Russia (X kg), fivefold. The third position in this ranking was occupied by Italy (X kg), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to Slovenia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+X% per year) and Italy (+X% per year).

In value terms, Russia ($X) remains the key foreign market for hormone exports from Croatia, comprising X% of total hormone exports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total exports. It was followed by Slovenia, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value to Russia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+X% per year) and Slovenia (+X% per year).

Export Prices by Country

In 2018, the average hormone export price amounted to $X per tonne, jumping by X% against the previous year. Overall, the hormone export price continues to indicate a tangible increase. The growth pace was the most rapid in 2010 an increase of X% year-to-year. In that year, the average export prices for hormones, prostaglandins, thromboxanes and leukotrienes reached their peak level of $X per tonne. From 2011 to 2018, the growth in terms of the average export prices for hormones, prostaglandins, thromboxanes and leukotrienes failed to regain its momentum.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Switzerland ($X per tonne), while the average price for exports to Bosnia and Herzegovina ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+X% per year), while the prices for the other major destinations experienced mixed trend patterns.

Hormone Imports

Imports into Croatia

In 2018, the amount of hormones, prostaglandins, thromboxanes and leukotrienes imported into Croatia stood at X tonnes, picking up by X% against the previous year. Over the period under review, hormone imports continue to indicate outstanding growth. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Imports peaked in 2018 and are expected to retain its growth in the near future.

In value terms, hormone imports stood at $X in 2018. Overall, hormone imports continue to indicate skyrocketing growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% y-o-y. Over the period under review, hormone imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, Ireland (X tonnes) constituted the largest supplier of hormone to Croatia, accounting for a X% share of total imports. Moreover, hormone imports from Ireland exceeded the figures recorded by the second-largest supplier, Italy (X tonnes), threefold. Taiwan, Chinese (X kg) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Ireland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Taiwan, Chinese (+X% per year).

In value terms, Italy ($X), Ireland ($X) and Taiwan, Chinese ($X) appeared to be the largest hormone suppliers to Croatia, with a combined X% share of total imports. Spain, Israel and India lagged somewhat behind, together accounting for a further X (+X% per year) experienced the highest rates of growth with regard to imports, in terms of the main suppliers over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average hormone import price amounted to $X per tonne, lowering by -X% against the previous year. Overall, the hormone import price continues to indicate a measured curtailment. The growth pace was the most rapid in 2012 when the average import price increased by X% y-o-y. In that year, the average import prices for hormones, prostaglandins, thromboxanes and leukotrienes attained their peak level of $X per tonne. From 2013 to 2018, the growth in terms of the average import prices for hormones, prostaglandins, thromboxanes and leukotrienes remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per tonne), while the price for Ireland ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Israel, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform