Croatia: Iron Oxide Pigments Market Overview 2021

Iron Oxide Pigments Market Size in Croatia

The Croatian iron oxide pigments market skyrocketed to $X in 2020, jumping 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, consumption, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when the market value increased by X% year-to-year. Iron oxide pigments consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Iron Oxide Pigments Exports

Exports from Croatia

In 2020, approx. X tonnes of iron oxides and hydroxides were exported from Croatia; rising by X% compared with the previous year. Overall, exports, however, recorded a mild descent. Over the period under review, exports attained the peak figure at X tonnes in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

In value terms, iron oxide pigments exports skyrocketed to $X in 2020. Over the period under review, exports, however, recorded a slight decrease. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2020, exports stood at a somewhat lower figure.

Exports by Country

France (X tonnes), Bosnia and Herzegovina (X tonnes) and Serbia (X tonnes) were the main destinations of iron oxide pigments exports from Croatia, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in France (+X% per year), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for iron oxide pigments exports from Croatia, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Bosnia and Herzegovina totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Serbia (+X% per year).

Export Prices by Country

In 2020, the average iron oxide pigments export price amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per tonne in 2009; however, from 2010 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Bosnia and Herzegovina ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, while the prices for the other major destinations experienced mixed trend patterns.

Iron Oxide Pigments Imports

Imports into Croatia

In 2020, the amount of iron oxides and hydroxides imported into Croatia soared to X tonnes, jumping by X% on 2019 figures. Over the period under review, imports, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, iron oxide pigments imports surged to $X in 2020. In general, imports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Austria (X tonnes) constituted the largest iron oxide pigments supplier to Croatia, accounting for a X% share of total imports. Moreover, iron oxide pigments imports from Austria exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold. The third position in this ranking was occupied by Denmark (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Austria totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Denmark (+X% per year).

In value terms, Austria ($X) constituted the largest supplier of iron oxide pigments to Croatia, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Slovenia, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Austria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Slovenia (+X% per year).

Import Prices by Country

The average iron oxide pigments import price stood at $X per tonne in 2020, growing by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron oxides and hydroxides in the world?

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The countries with the highest volumes of iron oxide pigments consumption in 2020 were China (409K tonnes), the U.S. (230K tonnes) and India (158K tonnes), with a combined 42% share of global consumption. Germany, Japan, Russia, Brazil, Taiwan (Chinese), France, Italy, South Korea, Canada and Poland lagged somewhat behind, together accounting for a further 33%.

What are the largest producers of iron oxides and hydroxides in the world?

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China (566K tonnes) constituted the country with the largest volume of iron oxide pigments production, comprising approx. 31% of total volume. Moreover, iron oxide pigments production in China exceeded the figures recorded by the second-largest producer, Germany (252K tonnes), twofold. India (150K tonnes) ranked third in terms of total production with a 8.1% share.

What are the leading suppliers of iron oxides and hydroxides to Croatia?

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In value terms, Austria ($203K) constituted the largest supplier of iron oxide pigments to Croatia, comprising 31% of total imports. The second position in the ranking was occupied by Germany ($73K), with a 11% share of total imports. It was followed by Slovenia, with a 9.4% share.

What are the leading importers of iron oxides and hydroxides from Croatia?

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In value terms, Bosnia and Herzegovina ($38K) remains the key foreign market for iron oxide pigments exports from Croatia, comprising 59% of total exports. The second position in the ranking was occupied by France ($16K), with a 25% share of total exports.

What is the average export price for iron oxides and hydroxides in Croatia?

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The average iron oxide pigments export price stood at $1,390 per tonne in 2020, shrinking by -13.9% against the previous year.

What is the average import price for iron oxides and hydroxides in Croatia?

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The average iron oxide pigments import price stood at $1,206 per tonne in 2020, growing by 22% against the previous year.