Croatia: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Croatia

The Croatian frozen fish and seafood market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption recorded prominent growth. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the near future.

Production of Frozen Fish And Seafood in Croatia

In value terms, frozen fish and seafood production reduced modestly to $X in 2022 estimated in export price. In general, production posted a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Frozen fish and seafood production peaked at $X in 2021, and then shrank modestly in the following year.

Exports of Frozen Fish And Seafood

Exports from Croatia

Frozen fish and seafood exports from Croatia rose rapidly to X tons in 2022, increasing by X% against the year before. Overall, exports saw resilient growth. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, frozen fish and seafood exports expanded rapidly to $X in 2022. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons) was the main destination for frozen fish and seafood exports from Croatia, accounting for a X% share of total exports. Moreover, frozen fish and seafood exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was held by Greece (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Greece (X% per year).

In value terms, Slovenia ($X), Spain ($X) and Italy ($X) were the largest markets for frozen fish and seafood exported from Croatia worldwide, with a combined X% share of total exports. Serbia, Greece, Bosnia and Herzegovina, Hungary, Montenegro, France, Bulgaria, Portugal, Germany and Albania lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Bulgaria, with a CAGR of X%, saw the highest growth rate of 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 2022, the average frozen fish and seafood export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell modestly in the following year.

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

Imports of Frozen Fish And Seafood

Imports into Croatia

Frozen fish and seafood imports into Croatia expanded markedly to X tons in 2022, picking up by X% against the previous year's figure. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen fish and seafood imports soared to $X in 2022. Overall, imports showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Morocco (X tons) were the main suppliers of frozen fish and seafood imports to Croatia, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of frozen fish and seafood to Croatia, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Slovenia, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Slovenia (X% per year).

Import Prices by Country

The average frozen fish and seafood import price stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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