Croatia: Rare Gases Market 2024

Rare Gases Market Size in Croatia

The Croatian rare gases market dropped slightly to $X in 2022, flattening at the previous year. Overall, consumption, however, showed a perceptible shrinkage. Rare gases consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Rare Gases Production in Croatia

In value terms, rare gases production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Rare gases production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Rare Gases Exports

Exports from Croatia

Rare gases exports from Croatia soared to X cubic meters in 2022, rising by X% compared with 2021 figures. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, rare gases exports expanded markedly to $X in 2022. In general, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Slovenia (X cubic meters) was the main destination for rare gases exports from Croatia, with a X% share of total exports. Moreover, rare gases exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X cubic meters), more than tenfold.

From 2012 to 2022, 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: Bosnia and Herzegovina (X% per year) and Serbia (X% per year).

In value terms, Slovenia ($X) remains the key foreign market for rare gases (excluding argon) exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average rare gases export price amounted to $X per cubic meter, reducing by X% against the previous year. In general, the export price continues to indicate a abrupt downturn. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per cubic meter in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per cubic meter), while the average price for exports to Slovenia ($X per cubic meter) was amongst the lowest.

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

Rare Gases Imports

Imports into Croatia

In 2022, supplies from abroad of rare gases (excluding argon) increased by X% to X cubic meters, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, showed a sharp reduction. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X cubic meters. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, rare gases imports skyrocketed to $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value 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, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X cubic meters), Algeria (X cubic meters) and Slovenia (X cubic meters) were the main suppliers of rare gases imports to Croatia, together comprising X% of total imports. Germany, the United States, Hungary, Qatar and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Algeria ($X) and Germany ($X) appeared to be the largest rare gases suppliers to Croatia, with a combined X% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average rare gases import price stood at $X per cubic meter in 2022, growing by X% against the previous year. In general, the import price continues to indicate a significant increase. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Qatar ($X per cubic meter), while the price for Slovenia ($X per cubic meter) 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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