Croatia: Cherry Market 2024

Cherry Market Size in Croatia

In 2022, the Croatian cherry market decreased by -12.6% to $X, falling for the second consecutive year after two years of growth. In general, consumption showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cherry Production in Croatia

In value terms, cherry production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, faced a abrupt setback. The pace of growth was the most pronounced in 2015 when the production volume increased by 207% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The average yield of cherries in Croatia surged to X kg per ha in 2022, rising by 50% compared with the year before. Over the period under review, the yield, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2015 with an increase of 120% against the previous year. The cherry yield peaked at X tons per ha in 2013; however, from 2014 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of cherries were harvested in Croatia; dropping by -3% compared with 2021. The harvested area increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the harvested area increased by 38% against the previous year. Over the period under review, the harvested area dedicated to cherry production reached the maximum at X ha in 2021, and then contracted slightly in the following year.

Cherry Exports

Exports from Croatia

In 2022, the amount of cherries exported from Croatia surged to X tons, with an increase of 188% against the previous year's figure. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,377% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, cherry exports soared to $X in 2022. In general, exports saw a significant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 968% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Spain (X tons) was the main destination for cherry exports from Croatia, with a 89% share of total exports. Moreover, cherry exports to Spain exceeded the volume sent to the second major destination, Slovenia (X tons), ninefold.

From 2014 to 2022, the average annual growth rate of volume to Spain amounted to +16.9%.

In value terms, Spain ($X) remains the key foreign market for cherries exports from Croatia, comprising 88% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 12% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Spain stood at +7.0%.

Export Prices by Country

In 2022, the average cherry export price amounted to $X per ton, declining by -8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 69%. Over the period under review, the average export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Spain amounted to $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+2.1%).

Cherry Imports

Imports into Croatia

Cherry imports into Croatia surged to X tons in 2022, increasing by 16% compared with 2021 figures. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 147%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, cherry imports amounted to $X in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 116% against the previous year. Imports peaked at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Greece (X tons) constituted the largest supplier of cherry to Croatia, with a 68% share of total imports. Moreover, cherry imports from Greece exceeded the figures recorded by the second-largest supplier, Serbia (X tons), fivefold. The third position in this ranking was held by Slovenia (X tons), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume from Greece amounted to +98.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+32.0% per year) and Slovenia (+22.7% per year).

In value terms, Greece ($X) constituted the largest supplier of cherries to Croatia, comprising 63% of total imports. The second position in the ranking was taken by Serbia ($X), with a 19% share of total imports. It was followed by Slovenia, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Greece amounted to +93.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+51.4% per year) and Slovenia (+29.9% per year).

Import Prices by Country

In 2022, the average cherry import price amounted to $X per ton, reducing by -10.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2014 an increase of 64% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average 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 Spain ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+14.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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