Croatia: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in Croatia

The Croatian caviar (sturgeon) market fell modestly to $X in 2021, which is down by -4.8% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +5.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Caviar (Sturgeon) Production in Croatia

In value terms, caviar (sturgeon) production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.5% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of 76%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Caviar (Sturgeon) Exports

Exports from Croatia

In 2021, shipments abroad of caviar (sturgeon) decreased by -10% to X kg, falling for the second consecutive year after three years of growth. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 1,400%. Over the period under review, the exports reached the peak figure at X kg in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, caviar (sturgeon) exports fell significantly to $X in 2021. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 1,979%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Austria (X kg) was the main destination for caviar (sturgeon) exports from Croatia, accounting for a 89% share of total exports. Moreover, caviar (sturgeon) exports to Austria exceeded the volume sent to the second major destination, Slovenia (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria amounted to +26.0%.

In value terms, Austria ($X) remains the key foreign market for caviar (sturgeon) exports from Croatia, comprising 94% of total exports. The second position in the ranking was held by Slovenia ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Austria stood at +38.9%.

Export Prices by Country

The average caviar (sturgeon) export price stood at $X per ton in 2021, waning by -39.5% against the previous year. Over the period under review, the export price, however, recorded tangible growth. The pace of growth appeared the most rapid in 2020 an increase of 76%. As a result, the export price reached the peak level of $X per ton, and then fell sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to Slovenia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+5.9%), while the prices for the other major destinations experienced mixed trend patterns.

Caviar (Sturgeon) Imports

Imports into Croatia

Caviar (sturgeon) imports into Croatia fell to X kg in 2021, shrinking by -4.3% compared with 2020. Over the period under review, imports, however, showed strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 178% against the previous year. Over the period under review, imports attained the maximum at X kg in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, caviar (sturgeon) imports soared to $X in 2021. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 95% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X kg), the Netherlands (X kg) and Italy (X kg) were the main suppliers of caviar (sturgeon) imports to Croatia, with a combined 98% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +43.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (sturgeon) suppliers to Croatia were Italy ($X), the Netherlands ($X) and France ($X), together comprising 95% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +70.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average caviar (sturgeon) import price stood at $X per ton in 2021, rising by 97% against the previous year. Over the period under review, the import price posted prominent growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 181%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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