Croatia: Petroleum Bitumen Market 2024

Petroleum Bitumen Market Size in Croatia

The Croatian petroleum bitumen market rose rapidly to $X in 2022, surging by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. Petroleum bitumen consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Petroleum Bitumen Production in Croatia

In value terms, petroleum bitumen production dropped to $X in 2022 estimated in export price. Overall, production saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Petroleum bitumen production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Petroleum Bitumen Exports

Exports from Croatia

In 2022, approx. X tons of petroleum bitumen were exported from Croatia; rising by X% on the previous year's figure. Over the period under review, exports posted a prominent increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, petroleum bitumen exports soared to $X in 2022. Overall, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for petroleum bitumen exports from Croatia, with a X% share of total exports. Moreover, petroleum bitumen exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X tons), threefold. Slovakia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Slovakia (X% per year).

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

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

Export Prices by Country

In 2022, the average petroleum bitumen export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovenia ($X per ton) and Bosnia and Herzegovina ($X per ton), while the average price for exports to Austria ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Petroleum Bitumen Imports

Imports into Croatia

In 2022, petroleum bitumen imports into Croatia shrank to X tons, waning by X% compared with the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank slightly in the following year.

In value terms, petroleum bitumen imports soared to $X in 2022. In general, imports, however, showed a slight increase. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of petroleum bitumen to Croatia, with a X% share of total imports. Moreover, petroleum bitumen imports from Hungary exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Austria (X tons), with a X% share.

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

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

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

Import Prices by Country

In 2022, the average petroleum bitumen import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, showed a slight shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($X per ton) and Slovenia ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) and Serbia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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