Croatia: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Croatia

The Croatian fresh fish fillet market skyrocketed to $X in 2021, surging by 333% against the previous year. Over the period under review, consumption, however, saw a noticeable curtailment. Fresh fish fillet consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Fresh Fish Fillet Production in Croatia

In value terms, fresh fish fillet production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, saw a dramatic decline. The pace of growth was the most pronounced in 2014 with an increase of 6.4% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Fresh Fish Fillet Exports

Exports from Croatia

Fresh fish fillet exports from Croatia soared to X tons in 2021, increasing by 33% against the previous year's figure. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2013 when exports increased by 603% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, fresh fish fillet exports surged to $X in 2021. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 320% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Italy (X tons) was the main destination for fresh fish fillet exports from Croatia, with a 38% share of total exports. Moreover, fresh fish fillet exports to Italy exceeded the volume sent to the second major destination, Serbia (X tons), twofold. Slovenia (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy totaled +65.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+78.5% per year) and Slovenia (+52.4% per year).

In value terms, Italy ($X) remains the key foreign market for fresh or chilled fish fillets exports from Croatia, comprising 41% of total exports. The second position in the ranking was taken by Serbia ($X), with a 13% share of total exports. It was followed by Switzerland, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Italy stood at +69.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+79.0% per year) and Switzerland (+214.6% per year).

Export Prices by Country

In 2021, the average fresh fish fillet export price amounted to $X per ton, with an increase of 5% against the previous year. Overall, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 59% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Romania ($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 Switzerland (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports into Croatia

In 2021, approx. X tons of fresh or chilled fish fillets were imported into Croatia; jumping by 45% compared with the previous year. Over the period under review, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 63% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, fresh fish fillet imports skyrocketed to $X in 2021. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of fresh fish fillet to Croatia, with a 44% share of total imports. Moreover, fresh fish fillet imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +79.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+117.4% per year) and the Netherlands (+102.7% per year).

In value terms, the largest fresh fish fillet suppliers to Croatia were Italy ($X), the Czech Republic ($X) and the Netherlands ($X), together comprising 80% of total imports.

The Czech Republic, with a CAGR of +132.3%, recorded 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

In 2021, the average fresh fish fillet import price amounted to $X per ton, growing by 14% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of 31% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

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 the Czech Republic ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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