Croatia: Worked Wax Articles Market 2024

Worked Wax Articles Market Size in Croatia

The Croatian worked wax articles market fell sharply to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a prominent increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Worked Wax Articles Production in Croatia

In value terms, worked wax articles production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant 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 pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Worked Wax Articles Exports

Exports from Croatia

In 2022, approx. X units of worked articles of wax were exported from Croatia; picking up by X% on 2021 figures. Over the period under review, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, worked wax articles exports stood at $X in 2022. Overall, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Brazil (X units) was the main destination for worked wax articles exports from Croatia, with a X% share of total exports. Moreover, worked wax articles exports to Brazil exceeded the volume sent to the second major destination, Algeria (X units), threefold. The United States (X units) 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 Brazil totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (X% per year) and the United States (X% per year).

In value terms, Russia ($X) remains the key foreign market for worked articles of wax exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total exports. It was followed by Slovenia, with a X% share.

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

Export Prices by Country

The average worked wax articles export price stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price, however, continues to indicate measured growth. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average 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 the UK ($X per unit), while the average price for exports to Algeria ($X per unit) 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 more modest paces of growth.

Worked Wax Articles Imports

Imports into Croatia

In 2022, approx. X units of worked articles of wax were imported into Croatia; with a decrease of X% against 2021 figures. Over the period under review, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, worked wax articles imports stood at $X in 2022. In general, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Sweden (X units), Turkey (X units) and the Netherlands (X units) were the main suppliers of worked wax articles imports to Croatia, together accounting for X% of total imports. Belgium, Germany, Canada, Australia, Bosnia and Herzegovina and Italy 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 Canada (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Italy ($X) appeared to be the largest worked wax articles suppliers to Croatia, with a combined X% share of total imports. Germany, Bosnia and Herzegovina, Sweden, Australia, Turkey and Canada lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average worked wax articles import price stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price showed a significant expansion. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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