Organic solvents and paint removers market in Croatia

Earlier Report Observations

From 2018 to 2024, the Croatian market for organic solvents and paint removers exhibited significant volatility in physical volume. The market contracted over the first two years, falling from 4 211 tons in 2018 to 3 254 tons in 2020. A sharp rebound followed in 2021, with volume jumping to 4 334 tons, but this growth proved temporary as a sustained downturn commenced, driving the market down to 2 487 tons by 2024.

In value terms, measured in thousand USD, the market trajectory mirrored the physical trends but with attenuated swings. Starting at 8 441 thousand USD in 2018, market value declined to 7 055 thousand USD in 2020 before recovering to 8 116 thousand USD in 2021. The subsequent period from 2022 to 2024 saw a gradual erosion in value, culminating at 6 660 thousand USD in the final year.

Production organic solvents and paint removers in Croatia

In value, 2017-2020, K $ US

In 2020, Croatia's production of organic solvents and paint removers was valued at 1 622 thousand US dollars, marking a 3.8% increase compared to the previous year. Over the period from 2017 to 2020, production grew by 42.8%, with a compound annual growth rate of 12.6%. The largest decline occurred in 2019, at 2.4%, while the most significant increase was recorded in 2018, reaching 40.9%.

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

In kind, 2017-2020, t

Croatia's production volume of organic solvents and paint removers increased for the third consecutive year. In 2020, the country produced 789.0 tonnes, reflecting a slight rise of 1.4% from the previous year. Between 2017 and 2020, production grew by 35.1%, which translates to an annualized rate of 10.5%.

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

Exports organic solvents and paint removers from Croatia

Exports in kind, t

Exports of organic solvents and paint removers from Croatia declined for the third consecutive year. In 2020, exports totaled 888 tonnes, showing a 13.0% decrease compared to the previous year. Over the period from 2017 to 2020, exports fell by 39.1%, with a compound annual growth rate of -15.3%.

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

From 2017 to 2020, Slovenia, Italy, and Serbia were the key destinations for Croatia's exports in kind, accounting for 45.0%, 21.3%, and 11.2% of the total, respectively. Together, these three countries represented 77.4% of all 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

Exports of organic solvents and paint removers from Croatia declined for the second consecutive year. In 2020, the export value reached 1 638 thousand US dollars, indicating a modest decrease of 2.3% from the previous year. Over the period from 2017 to 2020, exports decreased by 17%, with a compound annual growth rate of -6.0%. The highest value was recorded in 2018 at 2 150 thousand US dollars, while the largest decline occurred in 2019 at 22.0%, and the most significant increase was in 2018 at 8.9%.

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

Between 2017 and 2020, three principal markets—Slovenia, Bosnia and Herzegovina, and Italy—collectively accounted for 69.1% of Croatia's total export value for organic solvents and paint removers.

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

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

Imports organic solvents and paint removers to Croatia

Imports in kind, t

Imports of organic solvents and paint removers into Croatia declined for the third consecutive year. In 2020, Croatia imported 3 353 tonnes, down by 11.7% from the previous year. Between 2017 and 2020, imports decreased by 30.9%, equating to an annualized rate of -11.6%.

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

From 2017 to 2020, Italy, Germany, and Bulgaria were the main sources for Croatia's imports in kind, representing 45.6%, 20.7%, and 14.6% of the total, respectively. Together, these three countries accounted for 80.9% of all 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 organic solvents and paint removers declined for the second consecutive year. In 2020, imports amounted to 7 071 thousand US dollars, reflecting a moderate decrease of 10.0% year-over-year. Between 2017 and 2020, imports fell by 15.1%, with an annualized rate of -5.3%. The peak value was recorded in 2018 at 8 991 thousand US dollars, while the largest decline occurred in 2019 at 12.6%, and the most significant increase was in 2018 at 7.9%.

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

Between 2017 and 2020, Italy, Germany, and Slovenia were the principal sources for Croatia's imports in value terms, accounting for 32.8%, 25.8%, and 10.6% of the total, respectively. Together, these three countries represented 69.2% of all 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