Croatia: Silicone Market Overview 2020

Silicone Market Size in Croatia

The revenue of the silicone market in Croatia amounted to $X in 2018, jumping by X% against the previous year. Over the period under review, silicone consumption, however, continues to indicate an abrupt contraction. The most prominent rate of growth was recorded in 2016 when the market value increased by X% against the previous year. Over the period under review, the silicone market reached its peak figure level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Silicone Production in Croatia

In value terms, silicone production amounted to $X in 2018 estimated in export prices. Over the period under review, silicone production continues to indicate a slight setback. The most prominent rate of growth was recorded in 2008 when production volume increased by X% against the previous year. In that year, silicone production attained its peak level of $X. From 2009 to 2018, silicone production growth failed to regain its momentum.

Silicone Exports

Exports from Croatia

In 2018, the silicone exports from Croatia amounted to X tonnes, declining by -X% against the previous year. Overall, silicone exports continue to indicate a moderate decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. In that year, silicone exports attained their peak of X tonnes. From 2015 to 2018, the growth of silicone exports remained at a lower figure.

In value terms, silicone exports totaled $X in 2018. Overall, silicone exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. In that year, silicone exports attained their peak of $X. From 2015 to 2018, the growth of silicone exports remained at a lower figure.

Exports by Country

Slovenia (X tonnes), Bosnia and Herzegovina (X tonnes) and Hungary (X tonnes) were the main destinations of silicone exports from Croatia, with a combined X% share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Hungary (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Bosnia and Herzegovina ($X) and Serbia ($X) appeared to be the largest markets for silicone exported from Croatia worldwide, with a combined X% share of total exports. These countries were followed by Montenegro and Hungary, which together accounted for a further X terms of the main countries of destination, Hungary (+X% per year) recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average silicone export price stood at $X per tonne in 2018, picking up by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% year-to-year. Over the period under review, the average export prices for silicones (in primary forms) reached their maximum in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Montenegro ($X per tonne), while the average price for exports to Hungary ($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 Serbia, while the prices for the other major destinations experienced more modest paces of growth.

Silicone Imports

Imports into Croatia

Silicone imports into Croatia stood at X tonnes in 2018, rising by X% against the previous year. Overall, silicone imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% y-o-y. Over the period under review, silicone imports reached their peak figure at X tonnes in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

In value terms, silicone imports stood at $X in 2018. Overall, silicone imports, however, continue to indicate an abrupt decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tonnes), Belgium (X tonnes) and Austria (X tonnes) were the main suppliers of silicone imports to Croatia, with a combined X% share of total imports. Italy, the UK, the U.S. and the Netherlands lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by the U.S., while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Belgium ($X) appeared to be the largest silicone suppliers to Croatia, with a combined X% share of total imports.

In terms of the main suppliers, Austria experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silicone import price stood at $X per tonne in 2018, remaining constant against the previous year. Over the period under review, the silicone import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. In that year, the average import prices for silicones (in primary forms) reached their peak level of $X per tonne. From 2016 to 2018, the growth in terms of the average import prices for silicones (in primary forms) remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for the U.S. ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform