Croatia: Heterocyclic Compound Market 2024

Heterocyclic Compound Market Size in Croatia

The Croatian heterocyclic compound market soared to $X in 2023, growing by X% against the previous year. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Heterocyclic compound consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Heterocyclic Compound Production in Croatia

In value terms, heterocyclic compound production reduced to $X in 2023 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2021 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Heterocyclic compound production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

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Heterocyclic Compound Exports

Exports from Croatia

In 2023, shipments abroad of heterocyclic compounds decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, total exports indicated prominent growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, heterocyclic compound exports soared to $X in 2023. Overall, exports, however, continue to indicate a noticeable increase. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for heterocyclic compound exports from Croatia, with a X% share of total exports. Moreover, heterocyclic compound exports to Spain exceeded the volume sent to the second major destination, Russia (X tons), ninefold. Japan (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Japan (X% per year).

In value terms, Spain ($X) remains the key foreign market for heterocyclic compounds exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Japan (X% per year).

Export Prices by Country

In 2023, the average heterocyclic compound export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, recorded a slight downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, 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 Israel ($X,161 per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X%), while the prices for the other major destinations experienced a decline.

Heterocyclic Compound Imports

Imports into Croatia

In 2023, heterocyclic compound imports into Croatia skyrocketed to X tons, increasing by X% on the previous year's figure. Overall, total imports indicated moderate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, heterocyclic compound imports surged to $X in 2023. Over the period under review, total imports indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2023, imports failed to regain momentum.

Imports by Country

India (X tons), Germany (X tons) and China (X tons) were the main suppliers of heterocyclic compound imports to Croatia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest heterocyclic compound suppliers to Croatia were India ($X), Germany ($X) and China ($X), with a combined X% share of total imports.

Germany, 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 2023, the average heterocyclic compound import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform