Croatia: Market for Processed Petroleum Oils and Distillates 2024

Market Size for Processed Petroleum Oils and Distillates in Croatia

After two years of growth, the Croatian market for processed petroleum oils and distillates decreased by X% to $X in 2023. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Processed Petroleum Oils and Distillates in Croatia

In value terms, processed petroleum oils and distillates production fell to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a pronounced downturn. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Processed Petroleum Oils and Distillates

Exports from Croatia

In 2023, processed petroleum oils and distillates exports from Croatia shrank modestly to X tons, which is down by X% on the previous year. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports remained at a lower figure.

In value terms, processed petroleum oils and distillates exports fell dramatically to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then contracted remarkably in the following year.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for processed petroleum oils and distillates exports from Croatia, accounting for a X% share of total exports. Moreover, processed petroleum oils and distillates exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Malta (X tons), eightfold. Montenegro (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Bosnia and Herzegovina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (X% per year) and Montenegro (X% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for processed petroleum oils and distillates exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Montenegro ($X), with a X% share of total exports. It was followed by Malta, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Bosnia and Herzegovina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Malta (X% per year).

Export Prices by Country

The average export price for processed petroleum oils and distillates stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2022, and then shrank rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Malta ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates

Imports into Croatia

In 2023, after two years of growth, there was significant decline in overseas purchases of processed petroleum oils and distillates, when their volume decreased by X% to X tons. Overall, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2022, and then contracted in the following year.

In value terms, processed petroleum oils and distillates imports fell remarkably to $X in 2023. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

Italy (X tons), Slovenia (X tons) and Greece (X tons) were the main suppliers of processed petroleum oils and distillates imports to Croatia, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Greece (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Slovenia ($X) and Greece ($X) appeared to be the largest processed petroleum oils and distillates suppliers to Croatia, together comprising X% of total imports.

Italy, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for processed petroleum oils and distillates stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform