Croatia: Dairy Spread Market 2024

Dairy Spread Market Size in Croatia

In 2022, the Croatian dairy spread market increased by 13% to $X, rising for the eighth year in a row after two years of decline. The market value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Dairy Spread Production in Croatia

In value terms, dairy spread production expanded markedly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Dairy Spread Exports

Exports from Croatia

In 2022, the amount of dairy spreads exported from Croatia reduced notably to X tons, with a decrease of -39.1% compared with the year before. Overall, exports showed a significant decline. The most prominent rate of growth was recorded in 2013 with an increase of 49%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, dairy spread exports dropped rapidly to $X in 2022. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by 58% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Slovenia (X tons) was the main destination for dairy spread exports from Croatia, with a 62% share of total exports. Moreover, dairy spread exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), fivefold. The third position in this ranking was taken by Sweden (X tons), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia stood at -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-31.5% per year) and Sweden (-2.5% per year).

In value terms, Slovenia ($X) remains the key foreign market for dairy spreads exports from Croatia, comprising 66% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 10% share of total exports. It was followed by Sweden, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to Slovenia totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-30.9% per year) and Sweden (+0.9% per year).

Export Prices by Country

The average dairy spread export price stood at $X per ton in 2022, with an increase of 28% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy spread export price increased by +20.8% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovenia ($X per ton) and Sweden ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) and Romania ($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 Serbia (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Dairy Spread Imports

Imports into Croatia

After two years of growth, purchases abroad of dairy spreads decreased by -7.2% to X tons in 2022. In general, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 93%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined in the following year.

In value terms, dairy spread imports expanded rapidly to $X in 2022. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when imports increased by 109%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Slovenia (X tons), Serbia (X tons) and Germany (X tons) were the main suppliers of dairy spread imports to Croatia, together comprising 75% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +128.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dairy spread suppliers to Croatia were Slovenia ($X), Germany ($X) and Serbia ($X), together accounting for 74% of total imports.

Slovenia, with a CAGR of +131.5%, saw the highest rates of growth with regard to the value of imports, in terms of 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 dairy spread import price amounted to $X per ton, rising by 20% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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