Croatia: Frozen Potato Market 2024

Frozen Potato Market Size in Croatia

The Croatian frozen potato market soared to $X in 2021, increasing by 41% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Potato Production in Croatia

In value terms, frozen potato production fell sharply to $X in 2021 estimated in export price. In general, production recorded a significant contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 446% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Frozen Potato Exports

Exports from Croatia

In 2021, exports of frozen potatoes from Croatia surged to X tons, picking up by 19% against the previous year's figure. Overall, exports posted a significant increase. The growth pace was the most rapid in 2015 when exports increased by 171% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, frozen potato exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 134%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for frozen potato exports from Croatia, with a 87% share of total exports. Moreover, frozen potato exports to Slovenia exceeded the volume sent to the second major destination, Serbia (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Slovenia totaled +54.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+29.7% per year) and Bosnia and Herzegovina (-4.0% per year).

In value terms, Slovenia ($X) remains the key foreign market for frozen potatoes exports from Croatia, comprising 90% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Slovenia totaled +46.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-13.5% per year) and Serbia (+32.2% per year).

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2021, increasing by 5.1% against the previous year. Overall, the export price, however, recorded a abrupt decline. The growth pace was the most rapid in 2016 an increase of 12% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Serbia ($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 Serbia (+1.9%), while the prices for the other major destinations experienced a decline.

Frozen Potato Imports

Imports into Croatia

In 2021, the amount of frozen potatoes imported into Croatia surged to X tons, increasing by 40% compared with the previous year's figure. In general, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen potato imports skyrocketed to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.5% against 2019 indices. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of frozen potato imports to Croatia, with a combined 89% share of total imports. These countries were followed by Germany, Slovenia and Austria, which together accounted for a further 8.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +45.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Poland ($X) were the largest frozen potato suppliers to Croatia, together comprising 87% of total imports. These countries were followed by Germany, Slovenia and Austria, which together accounted for a further 8.4%.

Slovenia, with a CAGR of +48.3%, recorded the highest rates of growth with regard to 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

The average frozen potato import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 an increase of 26%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat 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 Poland ($X per ton), while the price for Austria ($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 (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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