Price for Dyes; Pigments and Preparations Based Thereon in Croatia - 2023

Contents:

1. Price for Dyes; Pigments and Preparations Based Thereon in Croatia (CIF) - 2023
2. Price for Dyes; Pigments and Preparations Based Thereon in Croatia (FOB) - 2022
3. Imports of Dyes; Pigments and Preparations Based Thereon in Croatia
4. Exports of Dyes; Pigments and Preparations Based Thereon in Croatia

Price for Dyes; Pigments and Preparations Based Thereon in Croatia (CIF) - 2023

In November 2023, the average import price for dyes; pigments and preparations based therea amounted to $6,663 per ton, shrinking by -41% against the previous month. Overall, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in December 2022 an increase of 285% m-o-m. As a result, import price reached the peak level of $14,303 per ton. From January 2023 to November 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Germany ($20,374 per ton), while the price for Slovenia ($2,731 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Dyes; Pigments and Preparations Based Thereon in Croatia (FOB) - 2022

In 2022, the average export price for dyes; pigments and preparations based therea amounted to $3,831 per ton, surging by 7.2% against the previous year. Overall, the export price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($4,768 per ton), while the average price for exports to Poland ($2,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dyes; Pigments and Preparations Based Thereon in Croatia

In 2022, overseas purchases of dyes; pigments and preparations based therea decreased by -10.6% to 458 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports reached the peak of 513 tons, and then reduced in the following year.

In value terms, imports of dyes; pigments and preparations based therea declined significantly to $3.4M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, imports reached the peak of $4M, and then fell rapidly in the following year.

Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Croatia in 2022:

1. Slovenia (174.9 tons)
2. Germany (51.0 tons)
3. Poland (50.6 tons)
4. Italy (49.9 tons)
5. India (30.7 tons)
6. Hungary (22.0 tons)
7. Netherlands (20.4 tons)
8. Austria (17.5 tons)
9. Slovakia (12.6 tons)
10. Belgium (11.5 tons)
11. China (4.0 tons)
12. Denmark (1.6 tons)
13. Greece (0.3 tons)

Exports of Dyes; Pigments and Preparations Based Thereon in Croatia

For the fourth year in a row, Croatia recorded growth in shipments abroad of dyes; pigments and preparations based therea, which increased by 0.6% to 299 tons in 2022. The total export volume increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 19%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of dyes; pigments and preparations based therea totaled $1.1M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.8% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 28% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Croatia in 2022:

1. Slovenia (64.7 tons)
2. Germany (46.5 tons)
3. Bosnia and Herzegovina (44.6 tons)
4. Poland (39.6 tons)
5. Serbia (35.2 tons)
6. Hungary (31.1 tons)
7. France (29.0 tons)

Source: IndexBox Market Intelligence Platform