Croatia: Cream Fresh Market 2024

Cream Fresh Market Size in Croatia

The Croatian cream fresh market shrank to $X in 2022, waning by -5% against the previous year. Overall, consumption, however, recorded significant growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Cream Fresh Production in Croatia

In value terms, cream fresh production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 7.5% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Cream Fresh Exports

Exports from Croatia

For the third year in a row, Croatia recorded growth in overseas shipments of cream fresh, which increased by 230% to X tons in 2022. Over the period under review, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cream fresh exports soared to $X in 2022. In general, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons), Slovenia (X tons) and Romania (X tons) were the main destinations of cream fresh exports from Croatia, together comprising 78% of total exports. Serbia, Montenegro, Hungary and Bulgaria lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +371.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Slovenia ($X) and Romania ($X) appeared to be the largest markets for cream fresh exported from Croatia worldwide, with a combined 78% share of total exports.

Romania, with a CAGR of +390.5%, saw 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

The average cream fresh export price stood at $X per ton in 2022, which is down by -4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2013 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Hungary ($X per ton) and Romania ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) and Serbia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cream Fresh Imports

Imports into Croatia

In 2022, cream fresh imports into Croatia surged to X tons, with an increase of 43% against the year before. Overall, imports posted a strong expansion. The growth pace was the most rapid in 2017 when imports increased by 90% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, cream fresh imports soared to $X in 2022. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 126% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Hungary (X tons) constituted the largest cream fresh supplier to Croatia, accounting for a 45% share of total imports. Moreover, cream fresh imports from Hungary exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Slovenia (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary totaled +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+47.1% per year) and Slovenia (+77.2% per year).

In value terms, Hungary ($X) constituted the largest supplier of cream fresh to Croatia, comprising 53% of total imports. The second position in the ranking was taken by Poland ($X), with a 16% share of total imports. It was followed by Slovenia, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from Hungary totaled +49.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+55.6% per year) and Slovenia (+68.6% per year).

Import Prices by Country

In 2022, the average cream fresh import price amounted to $X per ton, growing by 16% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh import price increased by +66.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 44% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+37.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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