Croatia: Powdered Milk Market 2024

Powdered Milk Market Size in Croatia

The Croatian powdered milk market expanded significantly to $X in 2022, picking up by 14% against the previous year. In general, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +82.1% against 2018 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Powdered Milk Production in Croatia

In value terms, powdered milk production dropped sharply to $X in 2022 estimated in export price. In general, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 229%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Powdered Milk Exports

Exports from Croatia

In 2022, overseas shipments of powdered milk were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a buoyant increase. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, powdered milk exports surged to $X in 2022. Overall, exports showed a remarkable increase. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons) was the main destination for powdered milk exports from Croatia, accounting for a 47% share of total exports. Moreover, powdered milk exports to Slovenia exceeded the volume sent to the second major destination, Hungary (X tons), threefold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +173.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+83.2% per year) and Bosnia and Herzegovina (-1.5% per year).

In value terms, Slovenia ($X) remains the key foreign market for powdered milk exports from Croatia, comprising 42% of total exports. The second position in the ranking was taken by Hungary ($X), with a 20% share of total exports. It was followed by Bosnia and Herzegovina, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Slovenia stood at +164.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+79.5% per year) and Bosnia and Herzegovina (+1.1% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, growing by 15% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 90%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Romania ($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 Spain (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Croatia

In 2022, imports of powdered milk into Croatia was estimated at X tons, with an increase of 2.4% on 2021. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of 22% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, powdered milk imports soared to $X in 2022. Overall, total imports indicated measured growth from 2012 to 2022: its value 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, imports increased by +105.0% against 2018 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 29% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Poland (X tons) constituted the largest powdered milk supplier to Croatia, with a 36% share of total imports. Moreover, powdered milk imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+23.7% per year) and the Czech Republic (-1.0% per year).

In value terms, Poland ($X) constituted the largest supplier of powdered milk to Croatia, comprising 36% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 17% share of total imports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+2.1% per year) and the Netherlands (+24.4% per year).

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, growing by 24% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk import price increased by +80.6% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 30%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($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 Czech Republic (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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