Leather finishing agents market in Croatia

Earlier Report Observations

The Croatian market for leather finishing agents experienced a period of substantial growth from 2018 to 2021, with market volume increasing from 11 021 t to 14 529 t. This represented a gain of over 30% in physical terms, driven by a concurrent rise in domestic production. The market value mirrored this expansion, soaring from 16.4 million USD to 23.4 million USD over the same three-year span.

A decisive shift occurred after 2021, as both market volume and value entered a phase of contraction. Volume declined to 13 226 t in 2022 and continued to fall, reaching 11 915 t by 2024. Similarly, the market's value retreated to 19.7 million USD in 2024. The year 2021 stands as the clear peak for the period, after which the market gradually reduced in scale.

Throughout the entire timeframe, the market maintained a reliance on domestic production, which consistently accounted for the vast majority of supply. Import volumes remained relatively minor, never exceeding 200 t in any given year, while exports were negligible. The post-2021 downturn brought both production and total market size back near their 2018-2019 levels.

Production leather finishing agents in Croatia

In value, 2017-2020, K $ US

In 2020, Croatia's output of leather finishing agents was valued at 15 304 K $ US, marking a 3.7% increase compared to the previous year. Production grew by 16.2% between 2017 and 2020, translating to an annualized rate of 5.1%. The highest value was recorded in 2018 at 15 671 K $ US, which saw the largest increase of 18.9%. In contrast, 2019 experienced the largest decline of 5.8%.

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

In kind, 2017-2020, t

Leather finishing agents production in Croatia increased for the third consecutive year. In 2020, the country produced 12 181 t, showing a moderate rise of 7.9% from the previous year. From 2017 to 2020, production expanded by 28.4%, equivalent to an annualized growth rate of 8.7%.

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

Exports leather finishing agents from Croatia

Exports in kind, t

The market exhibited volatility during the observed period. Export volumes reached their lowest point in 2018 at 0.2 t and peaked in 2020 at 4.8 t, representing a 22-fold difference between these years. In 2020, Croatia exported 4.8 t of leather finishing agents, reflecting a dramatic surge of 1,189.6% compared to the prior year. The largest decline occurred in 2018, with a drop of 82.6%.

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

From 2017 to 2020, Italy, the United Kingdom, and Bosnia and Herzegovina remained the primary buyers of leather finishing agents from Croatia, accounting for 59.9%, 17.2%, and 10.6% of exports in kind, respectively. Together, these three countries constituted 87.7% of total exports in kind.

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

The data indicates irregular changes, pointing to a volatile market environment. Exports in value terms reached a minimum of 4.5 K $ US in 2018 and a maximum of 11.3 K $ US in 2020, showing a 39-fold variation between these years. In 2020, leather finishing agents exports from Croatia totaled 11.3 K $ US, up 59.6% year-over-year. The largest decline was recorded in 2018 at 97.5%.

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

Between 2017 and 2020, the United Kingdom dominated Croatia's exports in value terms, capturing 87.2% of total flows, while other countries accounted for the remaining share.

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

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

Imports leather finishing agents to Croatia

Imports in kind, t

After a two-year rise, Croatia's imports of leather finishing agents in kind declined. In 2020, imports stood at 135.3 t, indicating a significant decrease of 11.0% year-over-year. Over the period from 2017 to 2020, imports increased by 3.3%, with a compound annual growth rate of 1.1%. The highest volume was recorded in 2019 at 152.1 t, while the largest increase occurred in 2018 at 13.2%.

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

From 2017 to 2020, Austria and Italy continued to be the main sources for Croatia's imports in kind, jointly making up 83.1% of total flows, with other partners comprising the remainder.

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

In 2020, Croatia imported leather finishing agents worth 744.4 K $ US, reflecting a controlled increase of 6.3% compared to 2019. Between 2017 and 2020, imports grew by 20.2%, equating to an annualized rate of 6.3%. The peak value was recorded in 2018 at 747.5 K $ US, which also saw the largest increase of 20.7%. In contrast, 2019 experienced the largest decline of 6.3%.

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

During 2017–2020, three key markets—Austria, Italy, and Germany—collectively absorbed 88.4% of Croatia's total imports in value terms for leather finishing agents.

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

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