Croatia: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in Croatia

In 2021, after three years of decline, there was significant growth in the Croatian preserved fish fillet market, when its value increased by 51% to $X. Over the period under review, consumption enjoyed significant growth. Preserved fish fillet consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Preserved Fish Fillet Production in Croatia

In value terms, preserved fish fillet production reached $X in 2021 estimated in export price. In general, production saw a buoyant increase. The growth pace was the most rapid in 2014 when the production volume increased by 130% against the previous year. Preserved fish fillet production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Preserved Fish Fillet Exports

Exports from Croatia

Preserved fish fillet exports from Croatia surged to X tons in 2021, jumping by 125% compared with 2020. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of 643%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, preserved fish fillet exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 370% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for preserved fish fillet exports from Croatia, accounting for a 95% share of total exports. Moreover, preserved fish fillet exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +72.1%.

In value terms, Spain ($X) remains the key foreign market for fish fillets (dried, salted or in brine, but not smoked) exports from Croatia, comprising 96% of total exports. The second position in the ranking was held by Italy ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +94.0%.

Export Prices by Country

In 2021, the average preserved fish fillet export price amounted to $X per ton, dropping by -5.5% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved fish fillet export price increased by +16.2% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 41%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Italy totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+12.7%).

Preserved Fish Fillet Imports

Imports into Croatia

In 2021, approx. X tons of fish fillets (dried, salted or in brine, but not smoked) were imported into Croatia; jumping by 127% compared with the previous year. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 170%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, preserved fish fillet imports surged to $X in 2021. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Bosnia and Herzegovina (X tons), Albania (X tons) and Italy (X tons) were the main suppliers of preserved fish fillet imports to Croatia, together accounting for 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Albania (with a CAGR of +103.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved fish fillet suppliers to Croatia were Bosnia and Herzegovina ($X), Albania ($X) and Italy ($X), together comprising 99% of total imports.

Among the main suppliers, Albania, with a CAGR of +99.4%, 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 preserved fish fillet import price stood at $X per ton in 2021, jumping by 25% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 32%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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