Croatia: Vulcanised Rubber Seal Market 2024

Vulcanised Rubber Seal Market Size in Croatia

After two years of decline, the Croatian vulcanised rubber seal market increased by X% to $X in 2022. In general, consumption continues to indicate a sharp setback. Vulcanised rubber seal consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Vulcanised Rubber Seal Production in Croatia

In value terms, vulcanised rubber seal production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Vulcanised Rubber Seal Exports

Exports from Croatia

In 2022, approx. X tons of seals of vulcanised rubber were exported from Croatia; waning by X% compared with the previous year's figure. Overall, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, vulcanised rubber seal exports declined markedly to $X in 2022. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for vulcanised rubber seal exports from Croatia, accounting for a X% share of total exports. Moreover, vulcanised rubber seal exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), sixfold. Romania (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 Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Romania (X% per year).

In value terms, Germany ($X) remains the key foreign market for seals of vulcanised rubber exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with an X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average vulcanised rubber seal export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to the United States ($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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vulcanised Rubber Seal Imports

Imports into Croatia

In 2022, supplies from abroad of seals of vulcanised rubber decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated a perceptible increase from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then contracted significantly in the following year.

In value terms, vulcanised rubber seal imports dropped modestly to $X in 2022. Overall, total imports indicated a measured 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 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of vulcanised rubber seal imports to Croatia, together comprising X% of total imports. France, Austria, Serbia, Hungary, Slovenia, Sweden, China, Poland, the Czech Republic and Turkey 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 Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) constituted the largest vulcanised rubber seal suppliers to Croatia, together accounting for X% of total imports. Austria, Sweden, Slovenia, Hungary, Bosnia and Herzegovina, Serbia, China, Poland, Turkey and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average vulcanised rubber seal import price amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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