Nitrogen market in Croatia

Earlier Report Observations

From 2018 to 2024, the nitrogen market in Croatia, measured in physical volume, exhibited considerable fluctuation. Starting at 38.3 thousand m³ in 2018, consumption declined to 35.3 thousand m³ in 2019 before recovering and reaching a period high of 39.6 thousand m³ in 2021.

Market volume then receded to 37.4 thousand m³ in 2022, showed a modest increase to 38.7 thousand m³ in 2023, and fell sharply to 27.1 thousand m³ in 2024, marking the lowest point in the seven-year span.

In contrast, the market's value in monetary terms demonstrated a more stable upward trajectory, rising from $6.0 million in 2018 to a peak of $10.1 million in 2023, followed by a decrease to $7.9 million in 2024, indicating significant changes in price levels or product mix independent of the physical volume trends.

Production nitrogen in Croatia

In value, 2017-2020, K $ US

In 2020, Croatia's nitrogen output was valued at 5 810 thousand US dollars, marking a 3.2% increase from the previous year. Over the period from 2017 to 2020, production grew by 9.7%, which translates to an average annual growth rate of 3.1%. The highest value was achieved in 2018 at 5 897 thousand US dollars. The most significant decline occurred in 2019, with a drop of 4.6%, while the largest increase was recorded in 2018 at 11.4%.

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

In kind, 2017-2020, K m³

Nitrogen production in Croatia has declined for the third year in a row. In 2020, the country produced 31 236 thousand cubic meters of nitrogen, showing a slight decrease of 2.8% compared to the previous year. From 2017 to 2020, production fell by 15.6%, averaging an annual decline of 5.5%.

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

Exports nitrogen from Croatia

Exports in kind, K m³

Cross-border shipments of nitrogen from Croatia have decreased for the third consecutive year. In 2020, exports amounted to 8 443 thousand cubic meters, which is 27.8% lower than in 2019. Between 2017 and 2020, exports dropped by 60.8%, with an average annual decline of 26.8%.

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

From 2017 to 2020, Slovenia remained the primary destination for nitrogen exports from Croatia, accounting for 87.9% of total exports in volume. Other countries played a much smaller role during this period.

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

Nitrogen deliveries from Croatia have declined for the second year in a row. In 2020, Croatia exported nitrogen worth 1 136 thousand US dollars, representing a 23.1% decrease compared to 2019. Over the 2017-2020 period, exports fell by 51.6%, with an average annual decline of 21.5%. The highest value was recorded in 2018 at 2 537 thousand US dollars. The most significant drop occurred in 2019, with a 41.7% decrease, while the largest increase was in 2018 at 8.0%.

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

Throughout 2017-2020, Slovenia clearly dominated Croatia's nitrogen exports in value terms, capturing 82.0% of total flows. Other countries each held significantly smaller shares during this time.

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

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

Imports nitrogen to Croatia

Imports in kind, K m³

In 2020, Croatia imported a total of 15 615 thousand cubic meters of nitrogen, representing a 4.9% increase from the previous year. Between 2017 and 2020, imports decreased by 16.3%, averaging an annual decline of 5.7%. The lowest volume was recorded in 2019 at 14 872 thousand cubic meters, while the highest was in 2018 at 22 052 thousand cubic meters. The most significant decline occurred in 2019, with a drop of 32.6%, and the largest increase was in 2018 at 18.3%.

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

From 2017 to 2020, Slovenia and Italy accounted for the majority of nitrogen imports to Croatia in volume, while other markets formed a less significant portion.

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

Nitrogen deliveries to Croatia have declined for the second consecutive year. In 2020, imports totaled 1 912 thousand US dollars, marking a 3.6% year-over-year reduction. Over the 2017-2020 period, imports fell by 22.6%, with an average annual decline of 8.2%. The highest value was recorded in 2018 at 2 666 thousand US dollars. The most significant drop occurred in 2019, with a 25.6% decrease, while the largest increase was in 2018 at 7.8%.

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

In 2017-2020, Slovenia and Italy remained the key sources for nitrogen imports to Croatia in value terms, jointly accounting for 82.4% of total flows. Other partners were much less significant individually during this period.

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

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