Croatia: Linseed Oil Market 2024

Linseed Oil Market Size in Croatia

In 2022, the Croatian linseed oil market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a mild shrinkage. As a result, consumption reached the peak level of $X, and then reduced notably in the following year.

Linseed Oil Exports

Exports from Croatia

In 2022, overseas shipments of linseed oil decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, linseed oil exports surged to $X in 2022. Over the period under review, exports, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

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

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

In value terms, Austria ($X) emerged as the key foreign market for linseed oil exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Austria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Slovenia (X% per year).

Export Prices by Country

In 2022, the average linseed oil export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded 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 failed to regain momentum.

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

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Linseed Oil Imports

Imports into Croatia

In 2022, the amount of linseed oil imported into Croatia declined rapidly to X tons, shrinking by X% compared with 2021 figures. In general, imports showed a perceptible decline. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, linseed oil imports contracted remarkably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell significantly in the following year.

Imports by Country

In 2022, Slovenia (X tons) constituted the largest supplier of linseed oil to Croatia, accounting for a X% share of total imports. Moreover, linseed oil imports from Slovenia exceeded the figures recorded by the second-largest supplier, Belgium (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovenia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

In value terms, Slovenia ($X) constituted the largest supplier of linseed oil to Croatia, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Hungary, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Hungary (X% per year).

Import Prices by Country

The average linseed oil import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, import price indicated a noticeable 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, linseed oil import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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