Croatia: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Croatia

In 2021, the Croatian fish meals and pellet market increased by 0.9% to $X, rising for the second year in a row after five years of decline. Over the period under review, consumption posted a modest expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish in Croatia

In value terms, fish meals and pellet production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 31%. Over the period under review, production hit record highs at $X in 2020, and then contracted slightly in the following year.

Exports of Flours, Meals And Pellets Of Fish

Exports from Croatia

In 2019, overseas shipments of flours, meals and pellets of fish increased by 93% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 240% against the previous year. Over the period under review, the exports hit record highs in 2019 and are likely to see gradual growth in the immediate term.

In value terms, fish meals and pellet exports skyrocketed to $X in 2019. In general, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 when exports increased by 175% against the previous year. The exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Montenegro (X tons) was the main destination for fish meals and pellet exports from Croatia, accounting for a 94% share of total exports. Moreover, fish meals and pellet exports to Montenegro exceeded the volume sent to the second major destination, Germany (X kg), more than tenfold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Montenegro totaled +110.0%.

In value terms, Montenegro ($X) and Germany ($X) constituted the largest markets for fish meals and pellet exported from Croatia worldwide.

In terms of the main countries of destination, Montenegro, with a CAGR of +101.8%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2019, the average fish meals and pellet export price amounted to $X per ton, which is down by -28.3% against the previous year. Overall, the export price showed a sharp decrease. The growth pace was the most rapid in 2014 when the average export price increased by 1.4%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2019, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Germany ($X per ton), while the average price for exports to Montenegro stood at $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (-4.0%), while the prices for the other major destinations experienced a decline.

Imports of Flours, Meals And Pellets Of Fish

Imports into Croatia

After two years of decline, purchases abroad of flours, meals and pellets of fish increased by 131% to X kg in 2021. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 119,200%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, fish meals and pellet imports soared to $X in 2021. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 28,386% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

New Zealand (X kg), Germany (X kg) and Italy (X kg) were the main suppliers of fish meals and pellet imports to Croatia, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +36.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X) constituted the largest supplier of flours, meals and pellets of fish to Croatia, comprising 71% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from New Zealand totaled +140.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+121.0% per year) and Italy (+100.1% per year).

Import Prices by Country

In 2021, the average fish meals and pellet import price amounted to $X per ton, surging by 113% against the previous year. Overall, the import price recorded strong growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 137%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+40.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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