Croatia: Egg Product Market 2024

Egg Product Market Size in Croatia

In 2021, the Croatian egg product market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Egg Product Production in Croatia

In value terms, egg product production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 19% against the previous year. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Egg Product Exports

Exports from Croatia

In 2021, shipments abroad of egg products increased by 52% to X tons, rising for the third year in a row after two years of decline. In general, exports showed a strong increase. The growth pace was the most rapid in 2019 when exports increased by 90%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, egg product exports soared to $X in 2021. Over the period under review, exports posted buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 82%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Serbia (X tons) was the main destination for egg product exports from Croatia, accounting for a 46% share of total exports. Moreover, egg product exports to Serbia exceeded the volume sent to the second major destination, North Macedonia (X tons), twofold. The third position in this ranking was held by Bosnia and Herzegovina (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia stood at +128.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+19.6% per year) and Bosnia and Herzegovina (+46.9% per year).

In value terms, Serbia ($X), North Macedonia ($X) and Slovenia ($X) constituted the largest markets for egg product exported from Croatia worldwide, together comprising 78% of total exports.

In terms of the main countries of destination, Serbia, with a CAGR of +99.0%, saw the highest growth rate of 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 egg product export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the average export price increased by 3.7%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Slovenia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+1.1%), while the prices for the other major destinations experienced a decline.

Egg Product Imports

Imports into Croatia

In 2021, purchases abroad of egg products was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +10.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 69%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, egg product imports skyrocketed to $X in 2021. Overall, imports posted a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 158% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Poland (X tons), Austria (X tons) and Slovenia (X tons) were the main suppliers of egg product imports to Croatia, with a combined 75% share of total imports. Italy and the Netherlands lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +152.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest egg product suppliers to Croatia were Poland ($X), Austria ($X) and Italy ($X), together accounting for 71% of total imports. These countries were followed by the Netherlands and Slovenia, which together accounted for a further 28%.

Among the main suppliers, the Netherlands, with a CAGR of +153.3%, recorded 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

The average egg product import price stood at $X per ton in 2021, falling by -3.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 53% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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