Croatia: Animal Fats Market 2024

Animal Fats Market Size in Croatia

In 2021, the Croatian animal fats market decreased by -27.2% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, enjoyed resilient growth. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Animal Fats Production in Croatia

In value terms, animal fats production contracted dramatically to $X in 2021 estimated in export price. In general, production, however, recorded significant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 179% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced remarkably in the following year.

Animal Fats Exports

Exports from Croatia

In 2021, overseas shipments of animal fats and oils increased by 27% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 689% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, animal fats exports soared to $X in 2021. In general, exports saw a significant increase. The growth pace was the most rapid in 2013 when exports increased by 628%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Slovakia (X tons), Slovenia (X tons) and the Netherlands (X tons) were the main destinations of animal fats exports from Croatia, with a combined 98% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +154.8%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X) remains the key foreign market for animal fats and oils exports from Croatia, comprising 53% of total exports. The second position in the ranking was held by Slovenia ($X), with a 24% share of total exports. It was followed by the Netherlands, with a 20% share.

From 2012 to 2021, the average annual growth rate of value to Slovakia stood at +82.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+66.1% per year) and the Netherlands (+192.1% per year).

Export Prices by Country

In 2021, the average animal fats export price amounted to $X per ton, increasing by 36% against the previous year. Overall, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, animal fats export price increased by +56.9% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Fats Imports

Imports into Croatia

In 2021, the amount of animal fats and oils imported into Croatia soared to X tons, jumping by 657% on 2020 figures. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 7,541% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, animal fats imports surged to $X in 2021. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2018 when imports increased by 943% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Slovenia (X tons) constituted the largest animal fats supplier to Croatia, with a 82% share of total imports. Moreover, animal fats imports from Slovenia exceeded the figures recorded by the second-largest supplier, Italy (X kg), ninefold. Spain (X kg) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovenia amounted to +89.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.7% per year) and Spain (-13.2% per year).

In value terms, Slovenia ($X) constituted the largest supplier of animal fats and oils to Croatia, comprising 72% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 16% share of total imports. It was followed by Italy, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from Slovenia totaled +66.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+10.0% per year) and Italy (-7.6% per year).

Import Prices by Country

The average animal fats import price stood at $X per ton in 2021, waning by -42.3% against the previous year. In general, the import price faced a dramatic decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 249%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :