Croatia: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in Croatia

After two years of growth, the Croatian meat meals and pellets market decreased by -69.9% to $X in 2021. Over the period under review, consumption showed a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in Croatia

In value terms, meat meals and pellets production surged to $X in 2021 estimated in export price. Over the period under review, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +193.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 109% against the previous year. Meat meals and pellets production peaked in 2021 and is expected to retain growth in the near future.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from Croatia

In 2021, the amount of flours, meals and pellets of meat or meat offal exported from Croatia shrank slightly to X tons, dropping by -2.6% on the previous year. In general, exports recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 65% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, meat meals and pellets exports skyrocketed to $X in 2021. Overall, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 59% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

Vietnam (X tons), Slovakia (X tons) and Serbia (X tons) were the main destinations of meat meals and pellets exports from Croatia, with a combined 73% share of total exports. Austria, Slovenia, Italy, Hungary and Myanmar lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +313.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat meals and pellets exported from Croatia were Vietnam ($X), Slovakia ($X) and Serbia ($X), together accounting for 67% of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +335.5%, recorded the highest rates of growth with regard to 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

In 2021, the average meat meals and pellets export price amounted to $X per ton, surging by 45% against the previous year. In general, the export price posted a prominent increase. As a result, the export price attained 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 Hungary ($X per ton), while the average price for exports to Myanmar ($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 Vietnam (+51.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into Croatia

In 2021, after three years of growth, there was significant decline in supplies from abroad of flours, meals and pellets of meat or meat offal, when their volume decreased by -66.4% to X tons. Over the period under review, imports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 239% against the previous year. Imports peaked at X tons in 2020, and then contracted remarkably in the following year.

In value terms, meat meals and pellets imports contracted markedly to $X in 2021. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 305% against the previous year. Imports peaked at $X in 2020, and then dropped sharply in the following year.

Imports by Country

Serbia (X tons), Hungary (X tons) and Slovenia (X tons) were the main suppliers of meat meals and pellets imports to Croatia, with a combined 57% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +1,368.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), the Netherlands ($X) and Slovenia ($X) were the largest meat meals and pellets suppliers to Croatia, together comprising 59% of total imports.

In terms of the main suppliers, Serbia, with a CAGR of +1,258.4%, 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 meat meals and pellets import price stood at $X per ton in 2021, jumping by 24% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 39%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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 Slovakia ($X per ton), while the price for Hungary ($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 (+48.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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