The silicones market in Croatia has shown a declining trend from 2013 to 2023, reaching 0.64425 million kilograms in 2023. The yearly variation indicates a consistent decrease with a few minor rebounds, notably in 2016 and 2017. The average annual reduction (CAGR) over the last five years is -5.69%. Recent years (2021-2023) have each seen declines above 5%, highlighting significant challenges in the market.
Future Trends to Watch For:
- Potential changes in demand driven by shifts in key industries like construction and automotive.
- Innovation in silicone applications, which may revive market interest and demand.
- Global economic conditions and their impact on trade and local manufacturing capabilities.
How does Croatia rank in Silicones Market Size Volume?
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 630,880,000 | 2023 | +1.58% | -0.33% | View data |
| 2 | 2 Italy | 67,768,000 | 2023 | +3.04% | +3.05% | View data |
| 3 | 3 Poland | 25,152,000 | 2023 | +2.93% | +3% | View data |
| 4 | 4 Austria | 18,637,000 | 2023 | +3.98% | +3.8% | View data |
| 5 | 5 Finland | 5,734,400 | 2023 | +1.52% | +1.84% | View data |
| 6 | 6 Croatia | 644,250 | 2023 | -5.87% | -5.69% |
