Croatia: Butter And Ghee Market 2024

Butter And Ghee Market Size in Croatia

In 2022, the Croatian butter and ghee market decreased by X% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption showed a resilient expansion. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Butter And Ghee Production in Croatia

In value terms, butter and ghee production totaled $X in 2022 estimated in export price. Over the period under review, production saw a dramatic shrinkage. The growth pace was the most rapid in 2013 with a decrease of X% against the previous year. Butter and ghee production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Butter And Ghee Exports

Exports from Croatia

In 2022, butter and ghee exports from Croatia dropped to X tons, falling by X% against the year before. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, butter and ghee exports soared to $X in 2022. Overall, exports showed a pronounced descent. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X tons), Slovenia (X tons) and Montenegro (X tons) were the main destinations of butter and ghee exports from Croatia, with a combined X% share of total exports. North Macedonia, Kosovo, Romania, the Netherlands, Sweden, Poland, Denmark and Serbia lagged somewhat behind, together comprising a further X%.

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

In value terms, Bosnia and Herzegovina ($X), Slovenia ($X) and Montenegro ($X) were the largest markets for butter and ghee exported from Croatia worldwide, with a combined X% share of total exports. The Netherlands, Kosovo, North Macedonia, Romania, Denmark, Poland, Sweden and Serbia lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average butter and ghee export price amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to North Macedonia ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Butter And Ghee Imports

Imports into Croatia

In 2022, approx. X tons of butter and ghee were imported into Croatia; with an increase of X% compared with the previous year. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2012 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, butter and ghee imports skyrocketed to $X in 2022. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest butter and ghee supplier to Croatia, accounting for a X% share of total imports. Moreover, butter and ghee imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Netherlands (X% per year).

In value terms, Germany ($X) constituted the largest supplier of butter and ghee to Croatia, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Italy (X% per year).

Import Prices by Country

The average butter and ghee import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, butter and ghee import price increased by X% 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 countries with the highest prices were Italy ($X per ton) and Belgium ($X per ton), while the price for the Netherlands ($X per ton) and Serbia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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