Acrylic polymers in primary forms market in Croatia

Earlier Report Observations

The market volume for acrylic polymers in Croatia grew steadily from 11 230 t in 2018 to a peak of 14 164 t in 2021, an increase of over 26% in four years. This upward trend was interrupted in 2022 and 2023, with volumes declining to 13 188 t before a partial recovery to 13 755 t in 2024.

In value terms, the market showed more pronounced volatility. A sharp surge occurred in 2021, when the market value jumped by 43% to 23 million US dollars, despite only an 8.7% rise in volume. This pushed the value to a high of 25 million US dollars in 2022, followed by declines in the subsequent two years.

Domestic production more than doubled over the period, from 1 878 t in 2018 to 3 183 t in 2024, while imports remained the primary supply source, albeit with fluctuations that influenced overall market size.

Production acrylic polymers in primary forms in Croatia

In value, 2017-2020, K $ US

In 2020, Croatia's output of acrylic polymers in primary forms was valued at 4 098 thousand US dollars, marking a significant 27.3% increase compared to the previous year. Looking at the broader period from 2017 to 2020, production grew by 35.4%, which translates to an annualized growth rate of 10.6%. The most notable decline occurred in 2019, when production fell by 4.2%.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

In kind, 2017-2020, t

After two consecutive years of decline, Croatia's production of acrylic polymers in primary forms rebounded in 2020. That year, the country produced 2 571 tonnes, showing a sharp increase of 42.7% compared to 2019. Over the 2017-2020 period, production rose by 32.4%, with a compound annual growth rate of 9.8%. The lowest production level was recorded in 2019 at 1 802 tonnes, which also saw the largest decline of 4.0% during this timeframe.

Annual dynamics of production in Croatia in kind, 2017-2020, t

Exports acrylic polymers in primary forms from Croatia

Exports in kind, t

Croatia's exports of acrylic polymers in primary forms have increased for the third year in a row. In 2020, exports reached 3 210 tonnes, reflecting a substantial 38.5% growth compared to 2019. From 2017 to 2020, exports surged by 58.3%, equating to an annualized rate of 16.6%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, t

Between 2017 and 2020, Serbia, Slovenia, and Italy were the key export partners for Croatia in terms of volume. Serbia accounted for 26.5% of exports, Slovenia for 17.8%, and Italy for 15.1%. Together, these three countries represented 59.5% of Croatia's total export flows of acrylic polymers in primary forms.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Croatia in kind, 2017-2020

Exports in value, K $ US

In 2020, Croatia exported acrylic polymers in primary forms worth 5 650 thousand US dollars, equivalent to a 19.3% year-over-year increase. Over the 2017-2020 period, exports grew by 31.7%, with a compound annual growth rate of 9.6%. The most significant drop occurred in 2019, when exports declined by 7.0%.

Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US

From 2017 to 2020, Serbia, Slovenia, and Italy were the three principal markets for Croatia's exports of acrylic polymers in primary forms in value terms. Together, they accounted for 57.9% of Croatia's total export value in this category.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Croatia in value, 2017-2020

Imports acrylic polymers in primary forms to Croatia

Imports in kind, t

Croatia's imports of acrylic polymers in primary forms have risen for the third consecutive year. In 2020, the country imported 2 571 tonnes, indicating an 8.3% year-over-year uptick. Between 2017 and 2020, imports increased by 36.1%, which corresponds to an annualized growth rate of 10.8%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, t

During the 2017-2020 period, France, Italy, and Germany were the main sources for Croatia's imports of acrylic polymers in primary forms by volume. France contributed 36.7% of imports, Italy 26.5%, and Germany 23.3%. Collectively, these three countries made up 86.5% of Croatia's total import flows in this category.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Croatia in kind, 2017-2020

Imports in value, K $ US

Croatia's imports of acrylic polymers in primary forms have grown for the third year in a row. In 2020, imports stood at 17 733 thousand US dollars, representing a 2.6% increase compared to the previous year. Over the 2017-2020 period, imports rose by 25%, with a compound annual growth rate of 7.7%.

Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US

From 2017 to 2020, Germany, France, and Italy played leading roles in Croatia's imports of acrylic polymers in primary forms in value terms. Germany accounted for 33.4% of imports, France for 28.1%, and Italy for 19.4%. Together, these three countries represented 80.9% of Croatia's total import value in this category.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Croatia in value, 2017-2020