Croatia - Nitrates Of Potassium - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Croatia - Nitrates Of Potassium - Market Analysis, Forecast, Size, Trends And Insights

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Potassium Nitrate Price in Croatia - 2023

Contents:

  1. Potassium Nitrate Price in Croatia (CIF) - 2022
  2. Potassium Nitrate Price in Croatia (FOB) - 2022
  3. Potassium Nitrate Imports in Croatia
  4. Potassium Nitrate Exports in Croatia

Potassium Nitrate Price in Croatia (CIF) - 2022

In 2022, the average potassium nitrate import price amounted to $1,580 per ton, growing by 54% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, potassium nitrate import price increased by +75.8% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($1,810 per ton) and the Netherlands ($1,671 per ton), while the price for Greece ($1,445 per ton) and Belgium ($1,601 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Potassium Nitrate Price in Croatia (FOB) - 2022

In 2022, the average potassium nitrate export price amounted to $1,789 per ton, picking up by 63% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The growth pace was the most rapid in 2018 when the average export price increased by 93%. The export price peaked at $8,857 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kosovo ($1,936 per ton), while the average price for exports to Slovenia ($903 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 North Macedonia (+63.6%), while the prices for the other major destinations experienced a decline.

Potassium Nitrate Imports in Croatia

In 2022, the amount of potassium nitrates imported into Croatia declined notably to 601 tons, dropping by -19% compared with 2021 figures. Over the period under review, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of 742 tons, and then contracted remarkably in the following year.

In value terms, potassium nitrate imports soared to $949K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Potassium Nitrate in Croatia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greece11516543845157.7%
Netherlands16015510127920.4%
Belgium35.991.114710844.4%
DenmarkN/AN/AN/A37.90%
Poland45.30.918.336.2-7.2%
Hungary15015526.4N/A-58.0%
China104N/AN/AN/A0%
Others11.517.428.238.048.9%
Total62258476094915.1%

Top Suppliers of Potassium Nitrate to Croatia in 2022:

  1. Greece (311.9 tons)
  2. Netherlands (166.8 tons)
  3. Belgium (67.2 tons)
  4. Denmark (22.8 tons)
  5. Poland (20.0 tons)

Potassium Nitrate Exports in Croatia

In 2022, shipments abroad of potassium nitrates decreased by -72.4% to 13 tons, falling for the second year in a row after two years of growth. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 1,360% against the previous year. As a result, the exports reached the peak of 54 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, potassium nitrate exports contracted sharply to $23K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 494%.

Export of Potassium Nitrate in Croatia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
North MacedoniaN/A25.3N/A10.9-34.4%
Bosnia and Herzegovina8.118.52.77.8-1.3%
KosovoN/A0.1N/A4.0532.5%
Slovenia0.26.147.60.1-20.6%
Others0.10.1N/AN/A0.0%
Total8.450.050.422.739.3%

Top Export Markets for Potassium Nitrate from Croatia in 2022:

  1. North Macedonia (5.9 tons)
  2. Bosnia and Herzegovina (4.6 tons)
  3. Kosovo (2.1 tons)
  4. Slovenia (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the potassium nitrate market in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 4025 - Potassium nitrate

Country coverage:

  • Croatia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Croatia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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