Croatia: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Croatia

The Croatian market for fish fillets and other fish meat soared to $X in 2022, picking up by 29% against the previous year. In general, consumption saw a prominent expansion. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Fish Fillets and Other Fish Meat in Croatia

In value terms, production of fish fillets and other fish meat dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The growth pace was the most rapid in 2019 with an increase of 364%. Over the period under review, production of hit record highs at $X in 2021, and then plummeted in the following year.

Exports of Fish Fillets and Other Fish Meat

Exports from Croatia

In 2022, after two years of growth, there was significant decline in shipments abroad of fish fillets and other fish meat, when their volume decreased by -17.1% to X tons. In general, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of 64% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then fell remarkably in the following year.

In value terms, exports of fish fillets and other fish meat contracted significantly to $X in 2022. Over the period under review, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 76%. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Italy (X tons), Slovenia (X tons) and Serbia (X tons) were the main destinations of exports of fish fillets and other fish meat from Croatia, together comprising 60% of total exports. Montenegro, Hungary, Bosnia and Herzegovina, Switzerland and Romania lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +134.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fish fillets and other fish meat exported from Croatia were Italy ($X), Slovenia ($X) and Serbia ($X), together accounting for 61% of total exports. Switzerland, Montenegro, Hungary, Bosnia and Herzegovina and Romania lagged somewhat behind, together accounting for a further 24%.

In terms of the main countries of destination, Switzerland, with a CAGR of +142.8%, 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 export price for fish fillets and other fish meat stood at $X per ton in 2022, reducing by -3.1% against the previous year. In general, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average 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 Switzerland ($X per ton), while the average price for exports to Hungary ($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 Romania (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into Croatia

In 2022, imports of fish fillets and other fish meat into Croatia surged to X tons, rising by 20% against 2021 figures. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +42.1% against 2020 indices. The pace of growth was the most pronounced in 2015 when imports increased by 31%. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of fish fillets and other fish meat skyrocketed to $X in 2022. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Argentina (X tons) constituted the largest fish fillets and other fish meat supplier to Croatia, accounting for a 32% share of total imports. Moreover, imports of fish fillets and other fish meat from Argentina exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Argentina amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+22.6% per year) and the Netherlands (+100.8% per year).

In value terms, Argentina ($X), Spain ($X) and Italy ($X) constituted the largest fish fillets and other fish meat suppliers to Croatia, with a combined 54% share of total imports. The Netherlands, Slovenia, the Czech Republic, China, Poland, Portugal and Vietnam lagged somewhat behind, together comprising a further 39%.

The Netherlands, with a CAGR of +97.0%, saw the highest rates of growth with regard to the value of imports, among 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 import price for fish fillets and other fish meat amounted to $X per ton, rising by 16% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish fillets and other fish meat increased by +37.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 17%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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 the Czech Republic ($X per ton), while the price for Vietnam ($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 (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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