Croatia: Frozen Whole Fish Market 2024

Frozen Whole Fish Market Size in Croatia

After two years of growth, the Croatian frozen whole fish market decreased by -6.2% to $X in 2021. Over the period under review, consumption, however, showed a relatively flat trend pattern. Frozen whole fish consumption peaked at $X in 2020, and then reduced in the following year.

Frozen Whole Fish Production in Croatia

In value terms, frozen whole fish production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 27%. Frozen whole fish production peaked in 2021 and is likely to continue growth in the immediate term.

Frozen Whole Fish Exports

Exports from Croatia

After three years of growth, overseas shipments of frozen whole fish decreased by -1.9% to X tons in 2021. Over the period under review, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2014 when exports increased by 73% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then declined slightly in the following year.

In value terms, frozen whole fish exports stood at $X in 2021. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Spain (X tons) was the main destination for frozen whole fish exports from Croatia, accounting for a 44% share of total exports. Moreover, frozen whole fish exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), fourfold. The third position in this ranking was taken by Greece (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.8% per year) and Greece (+9.8% per year).

In value terms, Spain ($X) remains the key foreign market for frozen whole fish exports from Croatia, comprising 37% of total exports. The second position in the ranking was held by Italy ($X), with a 13% share of total exports. It was followed by Greece, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+8.1% per year) and Greece (+14.6% per year).

Export Prices by Country

In 2021, the average frozen whole fish export price amounted to $X per ton, growing by 5.6% against the previous year. In general, the export price showed a slight increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 9.6% against the previous year. As a result, the export price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Greece (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Whole Fish Imports

Imports into Croatia

In 2021, after three years of growth, there was significant decline in purchases abroad of frozen whole fish, when their volume decreased by -11.6% to X tons. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 47% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then declined in the following year.

In value terms, frozen whole fish imports totaled $X in 2021. Over the period under review, imports, however, showed a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of 31%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

The Netherlands (X tons), Morocco (X tons) and Spain (X tons) were the main suppliers of frozen whole fish imports to Croatia, with a combined 60% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +64.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen whole fish suppliers to Croatia were Spain ($X), the Netherlands ($X) and Morocco ($X), with a combined 62% share of total imports.

In terms of the main suppliers, Morocco, with a CAGR of +65.7%, recorded the highest rates of growth with regard to 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 frozen whole fish import price stood at $X per ton in 2021, growing by 20% against the previous year. Overall, the import price, however, recorded a perceptible reduction. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :