Croatia: Preserved Herring Market 2024

Preserved Herring Market Size in Croatia

The Croatian preserved herring market fell to $X in 2021, shrinking by -13.9% against the previous year. Over the period under review, consumption showed a deep downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Preserved Herring Production in Croatia

In value terms, preserved herring production dropped to $X in 2021 estimated in export price. Overall, production saw a deep reduction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 38% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Preserved Herring Exports

Exports from Croatia

In 2021, overseas shipments of herrings (prepared or preserved) increased by 88% to X tons, rising for the third consecutive year after two years of decline. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 953%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, preserved herring exports surged to $X in 2021. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 906%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Romania (X tons), North Macedonia (X tons) and Montenegro (X tons) were the main destinations of preserved herring exports from Croatia, together accounting for 94% of total exports.

From 2013 to 2021, the biggest increases were recorded for North Macedonia (with a CAGR of +287.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved herring exported from Croatia were North Macedonia ($X), Romania ($X) and Montenegro ($X), with a combined 94% share of total exports.

Among the main countries of destination, North Macedonia, with a CAGR of +227.6%, saw the highest rates of growth with regard to 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 2021, the average preserved herring export price amounted to $X per ton, with an increase of 4.1% against the previous year. Over the period under review, the export price, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 8.7% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to North Macedonia ($X per ton) and Montenegro ($X per ton), while the average price for exports to Slovenia ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+19.7%), while the prices for the other major destinations experienced a decline.

Preserved Herring Imports

Imports into Croatia

In 2021, supplies from abroad of herrings (prepared or preserved) decreased by -4.6% to X tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved herring imports shrank modestly to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 38% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Poland (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of preserved herring imports to Croatia, together accounting for 96% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +49.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X), Germany ($X) and the Czech Republic ($X) constituted the largest preserved herring suppliers to Croatia, with a combined 95% share of total imports.

The Czech Republic, with a CAGR of +51.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved herring import price stood at $X per ton in 2021, with an increase of 2.1% against the previous year. Over the period under review, the import price, however, showed a mild setback. The pace of growth appeared the most rapid in 2017 an increase of 8.2% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Germany ($X per ton), while the price for Poland ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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