Market research

Argon market in Croatia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The Croatian argon market experienced significant expansion between 2018 and 2024, with its value rising from 3 080 thousand US dollars to 4 866 thousand US dollars. Two pronounced growth phases lifted the market: a 27% increase in 2020 to 4 154 thousand dollars, and a 42% jump in 2023 to a peak of 5 563 thousand dollars.

After reaching its highest point in 2023, the market size declined by 13% in 2024, settling near the levels observed between 2020 and 2022. Over the entire period, the market's value grew by 58%, reflecting overall growth despite temporary setbacks.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2024
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Croatia
  1. 5.1.1. In kind, 2018-2024, K m³
  2. 5.1.2. In value, 2018-2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, K m³
  2. 5.2.2. In value, 2018-2024, K $ US
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K m³
    1. 6.1.2.1. Annual dynamics of product's imports to Croatia in kind, 2018-2024, K m³
    2. 6.1.2.2. Dynamics of product's imports in kind to Croatia by countries, 2018-2024, K m³
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Croatia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Croatia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/K m³
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Croatia, 2018-2024, $ US/K m³
    2. 6.1.4.2. Dynamics of average price of product's imports to Croatia by countries, 2018-2024, $ US/K m³
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K m³
    1. 6.2.2.1. Annual dynamics of product's imports to Croatia in kind, 2018-2024, K m³
    2. 6.2.2.2. Dynamics of product's imports in kind to Croatia by countries, 2018-2024, K m³
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Croatia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Croatia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/K m³
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Croatia, 2018-2024, $ US/K m³
    2. 6.2.4.2. Dynamics of average price of product's imports to Croatia by countries, 2018-2024, $ US/K m³
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K m³
    1. 7.1.2.1. Annual dynamics of product's exports from Croatia in kind, 2018-2024, K m³
    2. 7.1.2.2. Dynamics of product's exports in kind from Croatia by countries, 2018-2024, K m³
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Croatia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Croatia by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/K m³
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Croatia, 2018-2024, $ US/K m³
    2. 7.1.4.2. Dynamics of average price of product's exports from Croatia by countries, 2018-2024, $ US/K m³
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K m³
    1. 7.2.2.1. Annual dynamics of product's exports from Croatia in kind, 2018-2024, K m³
    2. 7.2.2.2. Dynamics of product's exports in kind from Croatia by countries, 2018-2024, K m³
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Croatia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Croatia by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/K m³
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Croatia, 2018-2024, $ US/K m³
    2. 7.2.4.2. Dynamics of average price of product's exports from Croatia by countries, 2018-2024, $ US/K m³
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K m³
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K m³
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production argon in Croatia

In value, 2017-2020, K $ US

Croatia's argon production value increased for the second consecutive year. In 2020, output was valued at 2 658 K $ US, marking a 28.7% increase compared to 2019. Over the period from 2017 to 2020, production grew by 40.8%, with a compound annual growth rate of 12.1%. The lowest value was recorded in 2018 at 1 817 K $ US, which also saw the largest decline of 3.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.8%)	13.6%	28.7%	12.1%

Source: SHEV.io

In kind, 2017-2020, K m³

After two years of decline, argon production in Croatia rebounded. In 2020, 1 431 K m³ of argon were produced, representing a 33.1% increase compared to 2019. From 2017 to 2020, production rose by 13.3%, with a compound annual growth rate of 4.3%. The lowest volume was recorded in 2019 at 1 075 K m³, which also experienced the largest decline of 14.5%.

Annual dynamics of production in Croatia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(0.4%)	(14.5%)	33.1%	4.3%

Source: SHEV.io

Exports argon from Croatia

Exports in kind, K m³

Croatia's volume of argon exports declined for the third consecutive year. In 2020, exports amounted to 765 K m³, down by 7.4% compared to the previous year. Over the period from 2017 to 2020, exports decreased by 65.3%, with a compound annual decline rate of 29.8%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(49.3%)	(26.1%)	(7.4%)	(29.8%)

Source: SHEV.io

From 2017 to 2020, Slovenia and Bosnia and Herzegovina continued to lead as the primary markets for exports in kind, together accounting for 86.0% of total flows, while other partners played a supplementary role.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

Croatia exported 617 K $ US of argon in 2020, amounting to a reduction of 25.9% year-over-year. Over the period from 2017 to 2020, exports decreased by 54.5%, with a compound annual decline rate of 23.1%. The largest decline was recorded in 2018 at 42.2%, while the largest increase occurred in 2019 at 6.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(42.2%)	6.1%	(25.9%)	(23.1%)

Source: SHEV.io

From 2017 to 2020, Slovenia and Bosnia and Herzegovina clearly dominated the partner structure for exports in value terms, while other countries together formed the remaining share.

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

Source: SHEV.io

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

Source: SHEV.io

Imports argon to Croatia

Imports in kind, K m³

Argon import volumes in Croatia increased for the second consecutive year. In 2020, imports reached 2 373 K m³, remaining nearly unchanged compared to 2019. Between 2017 and 2020, imports decreased by 32.6%, equating to an annualized decline rate of 12.3%. The lowest volume was recorded in 2018 at 2 356 K m³, which also saw the largest decline of 33.1%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, K m³

Parameter		2018	2019	2020	CAGR
1	Change from last year	(33.1%)	0.3%	0.4%	(12.3%)

Source: SHEV.io

From 2017 to 2020, Bosnia and Herzegovina and Slovenia were the dominant destinations for imports in kind of argon to Croatia, jointly accounting for 88.6% of total flows, while the remaining volume was distributed among smaller markets.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

Imported argon volumes in Croatia increased for the second consecutive year. In 2020, import volume amounted to 2 113 K $ US, which is 3.1% greater than the previous year. Over the period from 2017 to 2020, imports decreased by 9.5%, with a compound annual decline rate of 3.3%. The lowest value was recorded in 2018 at 2 047 K $ US, which also experienced the largest decline of 12.3%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(12.3%)	0.1%	3.1%	(3.3%)

Source: SHEV.io

From 2017 to 2020, Slovenia and Bosnia and Herzegovina remained the main markets for imports in value terms, jointly accounting for 87.7% of total flows, while other partners formed the remaining share.

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

Source: SHEV.io

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

Source: SHEV.io