Fuel and oil additives market in Croatia

Earlier Report Observations

The Croatian market for fuel and oil additives showed considerable volatility in value between 2018 and 2024. Starting at 6.9 million USD in 2018, it grew to 9.0 million USD the following year before a modest dip in 2020. The most dramatic change was a surge to 12.7 million USD in 2021, marking the peak for the period.

After the 2021 peak, the market contracted sharply, falling to 8.1 million USD in 2022 and further to 5.4 million USD in 2023. This two-year decline represented a reduction of more than half from the high point. The market then partially recovered to 6.5 million USD in 2024.

Domestic production value varied significantly, notably dropping after 2021, while import values generally trended upward from 2020 onward. These movements in trade and local output contributed to the overall fluctuations in market size throughout the observed years.

Production fuel and oil additives in Croatia

In value, 2017-2020, K $ US

Croatia's production of fuel and oil additives has grown for the third year in a row. In 2020, output reached 5 401 thousand US dollars, showing a modest year-over-year increase of 2.8%. From 2017 to 2020, production surged by 189.9%, with an average annual growth rate of 42.6%.

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

In kind, 2017-2020, t

Croatia's production of fuel and oil additives has increased for the third consecutive year. In 2020, the country produced 37 000 tonnes, marking a solid 13.1% improvement compared to the previous year. Between 2017 and 2020, production rose by 377.3%, translating to an annualized growth rate of 68.4%.

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

Exports fuel and oil additives from Croatia

Exports in kind, t

Croatia's exports of fuel and oil additives in volume terms have fallen for the second year in a row. In 2020, exports stood at 699 tonnes, reflecting a moderate decline of 9.1% from the year before. From 2017 to 2020, exports decreased by 12.1%, with an annualized rate of 4.2%. The highest volume was recorded in 2018 at 1 079 tonnes. In 2019, exports saw the largest drop of 28.7%, while the biggest increase occurred in 2018 with a 35.5% rise.

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

From 2017 to 2020, the three largest markets for Croatia's exports in volume terms were Bosnia and Herzegovina, Serbia, and Hungary, which together accounted for 64.6% of total export flows.

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

Croatia's exports of fuel and oil additives in value terms have declined for the second consecutive year. In 2020, exports amounted to 3 337 thousand US dollars, showing a slight decrease of 2.4% compared to 2019. Between 2017 and 2020, exports increased by 17.1%, with an annualized growth rate of 5.4%. The peak value was reached in 2018 at 4 553 thousand US dollars. The largest decline happened in 2019 with a 24.9% drop, while the biggest increase was in 2018 with a 59.8% rise.

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

From 2017 to 2020, the main destinations for Croatia's fuel and oil additives exports in value terms were Bosnia and Herzegovina (29.0% of exports), Serbia (18.8% of exports), and North Macedonia (14.6% of exports). Together, these three countries represented 62.5% of total export flows.

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

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

Imports fuel and oil additives to Croatia

Imports in kind, t

Croatia's imports of fuel and oil additives in volume terms have decreased for the second year in a row. In 2020, imports totaled 1 675 tonnes, which is 22.0% lower than the previous year. From 2017 to 2020, imports fell by 32.6%, with an annualized decline rate of 12.3%. The highest volume was recorded in 2018 at 2 528 tonnes. The largest increase occurred in 2018 with a 1.8% rise.

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

From 2017 to 2020, the top sources for Croatia's imports in volume terms were France (21.8% of imports), Hungary (21.0% of imports), and Belgium (15.9% of imports). Combined, these three countries made up 58.7% of total import flows.

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 fuel and oil additives in value terms have dropped for the second consecutive year. In 2020, imports reached 6 169 thousand US dollars, representing a solid decrease of 14.1% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 16.1%, with a compound annual growth rate of -5.7%. The maximum value was recorded in 2018 at 8 284 thousand US dollars. The largest increase was in 2018 with a 12.6% rise.

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

From 2017 to 2020, the primary sources for Croatia's imports of fuel and oil additives in value terms were France (27.5% of imports), Belgium (20.4% of imports), and Hungary (13.4% of imports). Together, these three countries accounted for 61.3% of total import flows.

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

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