Croatia: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Croatia

In 2021, the Croatian battered fish fillet market decreased by -96.6% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption showed a sharp slump. Battered fish fillet consumption peaked at $X in 2020, and then reduced remarkably in the following year.

Battered Fish Fillet Production in Croatia

In value terms, battered fish fillet production dropped markedly to $X in 2021 estimated in export price. Over the period under review, production saw a precipitous decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 34% against the previous year. Battered fish fillet production peaked at $X in 2020, and then fell markedly in the following year.

Battered Fish Fillet Exports

Exports from Croatia

In 2021, approx. X tons of fish fillets in batter or breadcrumbs were exported from Croatia; growing by 58% compared with 2020 figures. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 90% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, battered fish fillet exports soared to $X in 2021. Over the period under review, exports showed a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for battered fish fillet exports from Croatia, with a 69% share of total exports. Moreover, battered fish fillet exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), fivefold. The third position in this ranking was taken by Italy (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Slovenia totaled +14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-3.8% per year) and Italy (+47.0% per year).

In value terms, Slovenia ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Croatia, comprising 67% of total exports. The second position in the ranking was taken by Italy ($X), with a 21% share of total exports. It was followed by Bosnia and Herzegovina, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia amounted to +24.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+45.7% per year) and Bosnia and Herzegovina (-4.5% per year).

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2021, jumping by 25% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet export price increased by +96.6% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Slovenia (+8.6%), while the prices for the other major destinations experienced a decline.

Battered Fish Fillet Imports

Imports into Croatia

In 2021, imports of fish fillets in batter or breadcrumbs into Croatia soared to X tons, jumping by 18% compared with the year before. Overall, imports saw prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 61%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, battered fish fillet imports expanded modestly to $X in 2021. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 70%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest battered fish fillet supplier to Croatia, accounting for a 57% share of total imports. Moreover, battered fish fillet imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Slovenia (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +22.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.9% per year) and Slovenia (+56.6% per year).

In value terms, Germany ($X), Italy ($X) and Slovenia ($X) appeared to be the largest battered fish fillet suppliers to Croatia, with a combined 80% share of total imports. These countries were followed by Denmark, Lithuania, Poland, Morocco and Spain, which together accounted for a further 16%.

Poland, with a CAGR of +76.6%, saw the highest growth rate of 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

The average battered fish fillet import price stood at $X per ton in 2021, dropping by -12.6% against the previous year. In general, import price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet import price increased by +37.2% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 31% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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