Croatia: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Croatia

In 2022, the Croatian buttermilk and buttermilk powder market decreased by -0.3% to $X, falling for the fifth consecutive year after three years of growth. In general, consumption saw a pronounced descent. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Buttermilk And Buttermilk Powder in Croatia

In value terms, buttermilk and buttermilk powder production totaled $X in 2022 estimated in export price. Overall, production, however, faced a dramatic setback. The pace of growth was the most pronounced in 2015 with an increase of 17% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Buttermilk And Buttermilk Powder

Exports from Croatia

In 2022, shipments abroad of buttermilk and buttermilk powder increased by 7.7% to X tons, rising for the eighth consecutive year after two years of decline. In general, exports enjoyed a perceptible increase. The growth pace was the most rapid in 2015 with an increase of 54% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, buttermilk and buttermilk powder exports surged to $X in 2022. Over the period under review, exports showed a mild increase. The most prominent rate of growth was recorded in 2017 with an increase of 31% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X tons), Slovenia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of buttermilk and buttermilk powder exports from Croatia, with a combined 71% share of total exports. Spain, Serbia, Sweden, Montenegro and North Macedonia lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +111.4%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) constituted the largest markets for buttermilk and buttermilk powder exported from Croatia worldwide, with a combined 72% share of total exports. Spain, Sweden, Serbia, Montenegro and North Macedonia lagged somewhat behind, together accounting for a further 23%.

In terms of the main countries of destination, Spain, with a CAGR of +111.8%, 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

The average buttermilk and buttermilk powder export price stood at $X per ton in 2022, increasing by 9.9% against the previous year. In general, the export price, however, recorded a perceptible descent. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to North Macedonia ($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 Sweden (+0.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Buttermilk And Buttermilk Powder

Imports into Croatia

After six years of growth, supplies from abroad of buttermilk and buttermilk powder decreased by -14.5% to X tons in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 43% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, buttermilk and buttermilk powder imports fell to $X in 2022. Overall, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 44%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Bosnia and Herzegovina (X tons) constituted the largest supplier of buttermilk and buttermilk powder to Croatia, accounting for a 49% share of total imports. Moreover, buttermilk and buttermilk powder imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. 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 Bosnia and Herzegovina stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+16.8% per year) and Slovenia (+38.6% per year).

In value terms, Bosnia and Herzegovina ($X), Germany ($X) and Slovenia ($X) appeared to be the largest buttermilk and buttermilk powder suppliers to Croatia, with a combined 89% share of total imports.

Among the main suppliers, Slovenia, with a CAGR of +42.0%, saw the highest growth rate of the value of imports, 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 buttermilk and buttermilk powder import price amounted to $X per ton, increasing by 9.7% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, 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 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 Hungary (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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