Croatia: Cheese And Curd Market 2024

Cheese And Curd Market Size in Croatia

The Croatian cheese and curd market surged to $X in 2022, picking up by 17% against the previous year. The market value increased at an average annual rate of +5.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Cheese And Curd Production in Croatia

In value terms, cheese and curd production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Cheese And Curd Exports

Exports from Croatia

In 2022, overseas shipments of cheese and curd increased by 1.8% to X tons, rising for the second consecutive year after two years of decline. In general, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by 143% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cheese and curd exports rose notably to $X in 2022. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 79%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Slovenia (X tons) was the main destination for cheese and curd exports from Croatia, with a 48% share of total exports. Moreover, cheese and curd exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), twofold. The third position in this ranking was taken by Serbia (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia totaled +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+2.8% per year) and Serbia (+19.0% per year).

In value terms, Slovenia ($X) remains the key foreign market for cheese and curd exports from Croatia, comprising 45% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 21% share of total exports. It was followed by Serbia, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Slovenia totaled +27.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+3.2% per year) and Serbia (+16.4% per year).

Export Prices by Country

The average cheese and curd export price stood at $X per ton in 2022, with an increase of 5.1% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 14% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovenia ($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 Bosnia and Herzegovina (+0.4%), while the prices for the other major destinations experienced a decline.

Cheese And Curd Imports

Imports into Croatia

In 2022, imports of cheese and curd into Croatia expanded to X tons, surging by 4.7% compared with the year before. In general, imports recorded a strong expansion. The growth pace was the most rapid in 2015 with an increase of 28%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cheese and curd imports surged to $X in 2022. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 33%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of cheese and curd to Croatia, accounting for a 44% share of total imports. Moreover, cheese and curd imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+26.7% per year) and Italy (+17.0% per year).

In value terms, Germany ($X) constituted the largest supplier of cheese and curd to Croatia, comprising 41% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+29.1% per year) and Italy (+16.3% per year).

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, surging by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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