Report Update Nov 1, 2024

Croatia - Ghee - Market Analysis, Forecast, Size, Trends and Insights

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Croatia: Ghee Market 2024

Ghee Market Size in Croatia

In 2022, the Croatian ghee market increased by 6.3% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption, however, showed a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Ghee Exports

Exports from Croatia

Ghee exports from Croatia contracted to X tons in 2022, waning by -12.6% against 2021. Overall, exports, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2016 when exports increased by 182%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, ghee exports shrank modestly to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 with an increase of 137% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Slovenia (X tons) and Germany (X tons) were the main destinations of ghee exports from Croatia, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +46.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Sweden ($X) remains the key foreign market for ghee exports from Croatia, comprising 60% of total exports. The second position in the ranking was held by Slovenia ($X), with a 27% share of total exports. It was followed by Germany, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden stood at -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+34.3% per year) and Germany (+18.3% per year).

Export Prices by Country

The average ghee export price stood at $X per ton in 2022, rising by 11% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ghee export price increased by +129.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 56%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovenia ($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 Sweden (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ghee Imports

Imports into Croatia

After three years of growth, overseas purchases of ghee decreased by -9.9% to X tons in 2022. Overall, imports, however, saw buoyant growth. The growth pace was the most rapid in 2014 when imports increased by 236%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, ghee imports surged to $X in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 175% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Serbia (X tons), Poland (X tons) and Belgium (X tons) were the main suppliers of ghee imports to Croatia, together accounting for 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +89.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Poland ($X) and Belgium ($X) constituted the largest ghee suppliers to Croatia, together accounting for 95% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +113.0%, saw the highest growth rate of 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 ghee import price stood at $X per ton in 2022, jumping by 29% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ghee import price increased by +38.6% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ghee in the world?

India remains the largest ghee consuming country worldwide, accounting for 78% of total volume. Moreover, ghee consumption in India exceeded the figures recorded by the second-largest consumer, Pakistan, sevenfold.

What are the largest producers of ghee in the world?

The country with the largest volume of ghee production was India, accounting for 78% of total volume. Moreover, ghee production in India exceeded the figures recorded by the second-largest producer, Pakistan, sevenfold. New Zealand ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of ghee to Croatia?

In value terms, Serbia, Belgium and the Netherlands were the largest ghee suppliers to Croatia, with a combined 84% share of total imports. These countries were followed by Poland, Bosnia and Herzegovina and Austria, which together accounted for a further 15%.

What are the leading importers of ghee from Croatia?

In value terms, Sweden emerged as the key foreign market for ghee exports from Croatia, comprising 62% of total exports. The second position in the ranking was occupied by Slovenia, with a 23% share of total exports. It was followed by Bosnia and Herzegovina, with a 6.2% share.

What is the average export price for ghee in Croatia?

The average ghee export price stood at $5,074 per ton in 2021, increasing by 55% against the previous year.

What is the average import price for ghee in Croatia?

In 2021, the average ghee import price amounted to $5,486 per ton, rising by 6.9% against the previous year.

This report provides an in-depth analysis of the ghee market in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 887 - Ghee from Cow Milk
FCL 953 - Ghee, from Buffalo Milk

Country coverage:

Croatia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Croatia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Producing Animals Slaughtered, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023