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

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

In 2021, the Croatian seafood meals and pellets market decreased by -99.7% to $X, falling for the third consecutive year after four years of growth. Over the period under review, consumption continues to indicate a precipitous decline. Seafood meals and pellets consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Croatia

In value terms, seafood meals and pellets production expanded sharply to $X in 2021 estimated in export price. Overall, production showed a abrupt setback. The pace of growth appeared the most rapid in 2017 when the production volume increased by 32%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Croatia

Seafood meals and pellets exports from Croatia dropped to X tons in 2021, which is down by -12.2% against the previous year's figure. Overall, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 69% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, seafood meals and pellets exports dropped modestly to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 123% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons) and Serbia (X tons) were the main destinations of seafood meals and pellets exports from Croatia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +5.4%).

In value terms, Italy ($X) and Serbia ($X) appeared to be the largest markets for seafood meals and pellets exported from Croatia worldwide.

Serbia, with a CAGR of +10.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average seafood meals and pellets export price amounted to $X per ton, growing by 11% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2015; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Serbia ($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 Bosnia and Herzegovina (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Croatia

In 2021, purchases abroad of flours, meals and pellets of fish or of crustaceans and molluscs was finally on the rise to reach X tons after two years of decline. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 15,598% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, seafood meals and pellets imports soared to $X in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 10,660%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X tons), the Czech Republic (X tons) and Italy (X kg) were the main suppliers of seafood meals and pellets imports to Croatia, with a combined 11% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +29.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), the Czech Republic ($X) and Belgium ($X) were the largest seafood meals and pellets suppliers to Croatia, together accounting for 19% of total imports.

The Czech Republic, with a CAGR of +3.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, rising by 8.7% 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 2016 when the average import price increased by 120% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 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 the Netherlands (+55.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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