Croatia: Iron Oxide Pigments Market Overview 2020

Iron Oxide Pigments Market Size in Croatia

The revenue of the iron oxide pigments market in Croatia amounted to $X in 2018, reducing 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). Over the period under review, iron oxide pigments consumption continues to indicate a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. In that year, the iron oxide pigments market reached its peak level of $X. From 2017 to 2018, the growth of the iron oxide pigments market remained at a somewhat lower figure.

Iron Oxide Pigments Exports

Exports from Croatia

In 2018, approx. X tonnes of iron oxides and hydroxides were exported from Croatia; dropping by -X% against the previous year. Over the period under review, iron oxide pigments exports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, iron oxide pigments exports reached their peak figure at X tonnes in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

In value terms, iron oxide pigments exports totaled $X in 2018. Overall, iron oxide pigments exports continue to indicate a drastic setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2018, exports failed to regain their momentum.

Exports by Country

Bosnia and Herzegovina (X tonnes) was the main destination for iron oxide pigments exports from Croatia, with a X% share of total exports. Moreover, iron oxide pigments exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Albania (X tonnes), ninefold. The third position in this ranking was occupied by Serbia (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Bosnia and Herzegovina stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+X% per year) and Serbia (-X% per year).

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

From 2007 to 2018, the average annual growth rate of value to Bosnia and Herzegovina stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

The average iron oxide pigments export price stood at $X per tonne in 2018, increasing by X% against the previous year. Over the period under review, the export price indicated significant growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, iron oxide pigments export price increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 an increase of X% against the previous year. The export price peaked at $X per tonne in 2009; however, from 2010 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Bulgaria ($X per tonne), while the average price for exports to the Czech Republic ($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 Hungary, while the prices for the other major destinations experienced more modest paces of growth.

Iron Oxide Pigments Imports

Imports into Croatia

Iron oxide pigments imports into Croatia totaled X tonnes in 2018, falling by -X% against the previous year. Over the period under review, iron oxide pigments imports continue to indicate a drastic decline. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. In that year, iron oxide pigments imports reached their peak of X tonnes. From 2017 to 2018, the growth of iron oxide pigments imports failed to regain its momentum.

In value terms, iron oxide pigments imports amounted to $X in 2018. Overall, iron oxide pigments imports continue to indicate an abrupt reduction. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. In that year, iron oxide pigments imports reached their peak of $X, and then declined slightly in the following year.

Imports by Country

In 2018, Bosnia and Herzegovina (X tonnes) constituted the largest iron oxide pigments supplier to Croatia, with a X% share of total imports. It was followed by Spain (X tonnes), with a X% share of total imports. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Bosnia and Herzegovina totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-X% per year) and Germany (-X% per year).

In value terms, Germany ($X), the Netherlands ($X) and Bosnia and Herzegovina ($X) were the largest iron oxide pigments suppliers to Croatia, with a combined X% share of total imports.

The Netherlands experienced the highest growth rate of imports, among the main suppliers over the last eleven-year period, while the other leaders experienced a decline.

Import Prices by Country

The average iron oxide pigments import price stood at $X per tonne in 2018, increasing by X% against the previous year. Overall, the iron oxide pigments import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, the average import prices for iron oxides and hydroxides reached their maximum at $X per tonne in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Germany ($X per tonne), while the price for Bosnia and Herzegovina ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform