Croatia: Coconut Market 2024

Coconut Market Size in Croatia

In 2022, the Croatian coconut market decreased by -66.7% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption saw a abrupt slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Coconut Production in Croatia

In value terms, coconut production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt downturn. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

In 2022, the average yield of coconuts in Croatia totaled less than X kg per ha, remaining constant against the year before. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. less than X ha of coconuts were harvested in Croatia; approximately mirroring the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Coconut Exports

Exports from Croatia

In 2022, shipments abroad of coconuts decreased by -47.2% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 2,277% against the previous year. The exports peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, coconut exports shrank sharply to $X in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 1,825% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Hungary (X tons), Slovenia (X tons) and Georgia (X tons) were the main destinations of coconut exports from Croatia, together comprising 84% of total exports. Romania, Serbia, Montenegro, Austria and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 16%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Montenegro (with a CAGR of +295.9%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Slovenia ($X) and Georgia ($X) were the largest markets for coconut exported from Croatia worldwide, together accounting for 87% of total exports. Romania, Austria, Montenegro, Serbia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 13%.

Among the main countries of destination, Montenegro, with a CAGR of +197.4%, recorded 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

In 2022, the average coconut export price amounted to $X per ton, declining by -16.8% against the previous year. In general, export price indicated pronounced growth from 2013 to 2022: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut export price increased by +21.5% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 47%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 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 Austria ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Coconut Imports

Imports into Croatia

In 2022, purchases abroad of coconuts was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed temperate growth. The most prominent rate of growth was recorded in 2014 when imports increased by 147% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, coconut imports shrank to $X in 2022. Over the period under review, imports posted a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 123%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Italy (X tons) and Hungary (X tons) were the main suppliers of coconut imports to Croatia, with a combined 75% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +86.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) were the largest coconut suppliers to Croatia, together comprising 73% of total imports. Hungary, Slovenia and Poland lagged somewhat behind, together comprising a further 19%.

Hungary, with a CAGR of +84.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average coconut import price amounted to $X per ton, shrinking by -15.9% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, coconut import price increased by +24.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 60% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Poland ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+30.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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