Over the past decade, Croatia's Nitric and Sulphonitric Acids market has shown fluctuations in value, experiencing a downward trend from 2013 to 2017, before stabilizing and finally showing growth. In 2023, the market value stood at 377.34 thousand euros. Notably, there was a growth spurt from 2018 to 2021, followed by slight declines in the last two years. The compound annual growth rate (CAGR) for the past five years was approximately 4.9%, indicating moderate growth.
Looking ahead, future trends to watch for include regulatory changes, advancements in green chemistry, and shifts in demand from downstream industries. These factors will play a critical role in shaping market dynamics over the coming years.
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 112,140,000 | 2023 | -2.27% | -1.35% | View data |
| 2 | 2 Poland | 42,814,000 | 2023 | +3.1% | +4.05% | View data |
| 3 | 3 Spain | 34,965,000 | 2023 | +3.29% | +4.18% | View data |
| 4 | 4 Denmark | 10,156,000 | 2023 | +0.85% | -1.26% | View data |
| 5 | 5 Italy | 8,790,800 | 2023 | -3.3% | -2.53% | View data |
| 6 | 6 Croatia | 377,340 | 2023 | -2.11% | +4.9% |
