Croatia: Bacon And Ham Market 2024

Bacon And Ham Market Size in Croatia

In 2022, the Croatian bacon and ham market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value 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. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Bacon And Ham Production in Croatia

In value terms, bacon and ham production totaled $X in 2022 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 34% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Bacon And Ham Exports

Exports from Croatia

For the third year in a row, Croatia recorded growth in shipments abroad of bacon, ham and other dried, salted or smoked pig meat, which increased by 9% to X tons in 2022. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 165% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, bacon and ham exports stood at $X in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 110%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Italy (X tons), Slovenia (X tons) and Germany (X tons) were the main destinations of bacon and ham exports from Croatia, together accounting for 64% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +460.3%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Italy ($X) and Germany ($X) constituted the largest markets for bacon and ham exported from Croatia worldwide, with a combined 56% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +421.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, falling by -7.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Italy ($X 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 Serbia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Bacon And Ham Imports

Imports into Croatia

In 2022, supplies from abroad of bacon, ham and other dried, salted or smoked pig meat increased by 9.2% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 38% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, bacon and ham imports rose rapidly to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.0% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 39%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of bacon and ham to Croatia, with a 61% share of total imports. Moreover, bacon and ham imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Slovenia (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+68.5% per year) and Slovenia (+12.6% per year).

In value terms, Italy ($X) constituted the largest supplier of bacon, ham and other dried, salted or smoked pig meat to Croatia, comprising 58% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+62.7% per year) and Spain (+29.0% per year).

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, declining by -3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 23% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+36.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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