Rare gases market in Croatia

Earlier Report Observations

The market for rare gases in Croatia expanded significantly over the 2018-2024 period, with its total value increasing from 4 465 thousand US dollars to 7 227 thousand US dollars. This represents a growth of approximately 62% across the seven-year span.

This upward trajectory was not uniform, marked by two pronounced surges. The market jumped by 27% in 2020 to reach 5 738 thousand US dollars, and then again by 36% in 2023 to a peak of 7 806 thousand US dollars. These growth phases were interrupted by moderate contractions of 5% in 2021 and 7% in 2024.

The market's size was primarily driven by import volumes, which consistently exceeded domestic production. Imports grew from 3 627 thousand US dollars in 2018 to 5 677 thousand US dollars in 2024, while production showed volatility, peaking at 2 865 thousand US dollars in 2023.

Production rare gases in Croatia

In value, 2017-2020, K $ US

Croatia's rare gases production value increased for the second consecutive year. In 2020, output was valued at 2 658 thousand US dollars, representing a 28.7% increase compared to the previous year. Between 2017 and 2020, production grew by 40.8%, which translates to an annualized growth rate of 12.1%. The lowest value was recorded in 2018 at 1 817 thousand US dollars, when production experienced its largest decline of 3.8%.

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

In kind, 2017-2020, K m³

Following a two-year decline, Croatia's rare gases production volume increased. In 2020, Croatia produced 1 431 thousand cubic meters of rare gases, a 33.1% increase relative to the prior year. Over the period 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 thousand cubic meters, which saw the largest decline of 14.5%.

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

Exports rare gases from Croatia

Exports in kind, K m³

Exported rare gases volumes from Croatia declined for the third consecutive year. In 2020, Croatia exported 775 thousand cubic meters of rare gases, marking a moderate decrease of 8.1% compared to the previous year. Between 2017 and 2020, exports fell by 64.9%, equating to an annualized decline rate of 29.5%.

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

From 2017 to 2020, Slovenia and Bosnia and Herzegovina formed the dominant pair of markets for Croatia's rare gases exports in volume terms, jointly accounting for 86.1% of total flows, while other countries represented the remaining share.

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

In 2020, Croatia exported rare gases valued at 754 thousand US dollars, representing a sharp reduction of 28.1% year-over-year. Over the period from 2017 to 2020, exports decreased by 45.7%, with a compound annual decline rate of 18.4%. The largest decline was recorded in 2018 at 29.4%, while the largest increase occurred in 2019 at 7.0%.

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

Throughout 2017 to 2020, Slovenia and Bosnia and Herzegovina remained the key partner countries for Croatia's rare gases exports in value terms, with a combined share of 85.0% of total flows; other partners accounted for the remainder.

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

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

Imports rare gases to Croatia

Imports in kind, K m³

After a two-year decline, Croatia's imported rare gases volumes increased. In 2020, Croatia imported a total of 2 478 thousand cubic meters of rare gases, showing no significant change compared to 2019. Over the period from 2017 to 2020, imports decreased by 33.5%, with a compound annual decline rate of 12.7%. The lowest volume was recorded in 2019 at 2 475 thousand cubic meters, and the largest decline occurred in 2018 at 32.2%.

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

From 2017 to 2020, Bosnia and Herzegovina and Slovenia remained the principal sources for Croatia's rare gases imports in volume terms, jointly taking 85.5% of total flows; other partners each accounted for significantly smaller shares.

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

Following a two-year drop, Croatia's rare gases imports increased. In 2020, imports totaled 3 834 thousand US dollars, marking a measured rise of 9.2% year-over-year. Between 2017 and 2020, imports grew by 4%, equating to an annualized growth rate of 1.3%. The lowest value was recorded in 2019 at 3 512 thousand US dollars, which saw the largest decline of 3.2%.

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

Over the period from 2017 to 2020, Slovenia (32.5% of imports in value terms), Bosnia and Herzegovina (22.4% of imports in value terms), and Italy (13.0% of imports in value terms) were the primary suppliers of rare gases to Croatia, jointly accounting for 67.9% of total imports in value terms.

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

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