Croatia: Fresh Beef Carcase Market 2024

Fresh Beef Carcase Market Size in Croatia

The Croatian fresh beef carcase market surged to $X in 2022, picking up by 30% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +57.3% against 2020 indices. Fresh beef carcase consumption peaked in 2022 and is expected to retain growth in the immediate term.

Fresh Beef Carcase Production in Croatia

In value terms, fresh beef carcase production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 21%. Fresh beef carcase production peaked in 2022 and is likely to continue growth in years to come.

Fresh Beef Carcase Exports

Exports from Croatia

In 2022, shipments abroad of fresh or chilled carcases of beef and veal decreased by -39.4% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 190% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, fresh beef carcase exports dropped sharply to $X in 2022. In general, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2013 with an increase of 123%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Bosnia and Herzegovina (X tons) and Hungary (X tons) were the main destinations of fresh beef carcase exports from Croatia, together comprising 87% of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +296.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for fresh or chilled carcases of beef and veal exports from Croatia, comprising 50% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 23% share of total exports. It was followed by Hungary, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+98.1% per year) and Hungary (+275.4% per year).

Export Prices by Country

In 2022, the average fresh beef carcase export price amounted to $X per ton, with an increase of 24% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Beef Carcase Imports

Imports into Croatia

In 2022, the amount of fresh or chilled carcases of beef and veal imported into Croatia surged to X tons, picking up by 18% against the year before. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2014 when imports increased by 47%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, fresh beef carcase imports surged to $X in 2022. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 45% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Netherlands (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of fresh beef carcase imports to Croatia, together comprising 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +39.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh beef carcase suppliers to Croatia were the Netherlands ($X), Poland ($X) and Italy ($X), together accounting for 84% of total imports.

Italy, with a CAGR of +40.4%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average fresh beef carcase import price amounted to $X per ton, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 17%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Slovenia ($X per ton) and the Netherlands ($X per ton), while the price for Germany ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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