Croatia: Lactose Market 2024

Lactose Market Size in Croatia

In 2022, the Croatian lactose market increased by 19% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Lactose Exports

Exports from Croatia

Lactose exports from Croatia plummeted to X tons in 2022, dropping by -78.1% on the year before. In general, exports recorded a deep downturn. The growth pace was the most rapid in 2019 when exports increased by 8,258% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, lactose exports declined remarkably to $X in 2022. Over the period under review, exports recorded a noticeable contraction. The growth pace was the most rapid in 2019 with an increase of 3,878% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Austria (X tons), Slovenia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of lactose exports from Croatia, together comprising 98% of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +80.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) emerged as the key foreign market for lactose and lactose syrup exports from Croatia, comprising 67% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 17% share of total exports. It was followed by Bosnia and Herzegovina, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Austria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+57.5% per year) and Bosnia and Herzegovina (-20.5% per year).

Export Prices by Country

In 2022, the average lactose export price amounted to $X per ton, increasing by 73% against the previous year. Over the period under review, the export price showed a resilient increase. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Slovenia ($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 Bosnia and Herzegovina (+1.3%), while the prices for the other major destinations experienced a decline.

Lactose Imports

Imports into Croatia

Lactose imports into Croatia contracted to X tons in 2022, almost unchanged from the year before. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when imports increased by 38%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, lactose imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of lactose to Croatia, accounting for a 72% share of total imports. Moreover, lactose imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was held by the Netherlands (X tons), with a 5.6% share.

From 2012 to 2022, the average annual growth rate of volume from Germany totaled +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.5% per year) and the Netherlands (-2.7% per year).

In value terms, Germany ($X) constituted the largest supplier of lactose and lactose syrup to Croatia, comprising 70% of total imports. The second position in the ranking was held by the United States ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-8.9% per year) and the Netherlands (+1.0% per year).

Import Prices by Country

In 2022, the average lactose import price amounted to $X per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2013 when the average import price increased by 17% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Austria ($X per ton), while the price for Slovenia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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