Croatia: Preserved Belly Cut Market 2021

Preserved Belly Cut Market Size in Croatia

In 2020, the Croatian preserved belly cut market decreased by -X% to $X for the first time since 2015, thus ending a four-year rising trend. Overall, the total consumption indicated a slight increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Preserved belly cut consumption peaked at $X in 2019, and then reduced remarkably in the following year.

Preserved Belly Cut Production in Croatia

In value terms, preserved belly cut production dropped sharply to $X in 2020 estimated in export prices. Over the period under review, the total production indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. from 2009 to 2020, production growth remained at a somewhat lower figure.

Preserved Belly Cut Exports

Exports from Croatia

In 2020, the amount of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) exported from Croatia skyrocketed to X tons, increasing by X% on the year before. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum in 2020 and are likely to see gradual growth in the immediate term.

In value terms, preserved belly cut exports soared to $X in 2020. In general, exports showed a buoyant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for preserved belly cut exports from Croatia, with a X% share of total exports. Moreover, preserved belly cut exports to Italy exceeded the volume sent to the second major destination, Slovenia (X tons), fivefold.

From 2007 to 2020, the average annual growth rate of volume to Italy stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+X% per year) and Germany (+X% per year).

In value terms, Italy ($X) emerged as the key foreign market for preserved belly cut exports from Croatia, comprising X% of total exports. The second position in the ranking was occupied by Slovenia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Italy amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average preserved belly cut export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decrease. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, 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 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy, while the prices for the other major destinations experienced a decline.

Preserved Belly Cut Imports

Imports into Croatia

In 2020, the amount of hams, shoulders and cuts of swine (salted, in brine, dried or smoked) imported into Croatia dropped notably to X tons, shrinking by -X% on 2019 figures. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

In value terms, preserved belly cut imports reduced remarkably to $X in 2020. Overall, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Italy (X tons) constituted the largest supplier of preserved belly cut to Croatia, with a X% share of total imports. Moreover, preserved belly cut imports from Italy exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+X% per year) and Hungary (+X% per year).

In value terms, Italy ($X) constituted the largest supplier of preserved belly cut to Croatia, comprising X% of total imports. The second position in the ranking was occupied by Slovenia ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Italy stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+X% per year) and Hungary (+X% per year).

Import Prices by Country

In 2020, the average preserved belly cut import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Hungary ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hungary, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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