Croatia: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Croatia

The Croatian preserved mackerel market plummeted to $X in 2021, which is down by -85% against the previous year. In general, consumption recorded a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2020, and then dropped dramatically in the following year.

Preserved Mackerel Production in Croatia

In value terms, preserved mackerel production fell sharply to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 245% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Preserved Mackerel Exports

Exports from Croatia

After two years of growth, shipments abroad of mackerel (prepared or preserved) decreased by -2.8% to X tons in 2021. In general, total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +57.4% against 2018 indices. The pace of growth was the most pronounced in 2019 when exports increased by 37%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, preserved mackerel exports expanded to $X in 2021. Over the period under review, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.5% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 32%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Slovenia (X tons) was the main destination for preserved mackerel exports from Croatia, accounting for a 34% share of total exports. Moreover, preserved mackerel exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), twofold. The third position in this ranking was taken by Montenegro (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia stood at +25.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-2.1% per year) and Montenegro (-2.0% per year).

In value terms, Slovenia ($X) remains the key foreign market for mackerel (prepared or preserved) exports from Croatia, comprising 36% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 17% share of total exports. It was followed by Montenegro, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia totaled +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-2.7% per year) and Montenegro (-2.7% per year).

Export Prices by Country

In 2021, the average preserved mackerel export price amounted to $X per ton, picking up by 6.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Romania ($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 Slovenia (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Mackerel Imports

Imports into Croatia

In 2021, approx. X tons of mackerel (prepared or preserved) were imported into Croatia; growing by 49% compared with the year before. Overall, imports enjoyed prominent growth. The pace of growth appeared the most rapid in 2015 when imports increased by 94%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, preserved mackerel imports skyrocketed to $X in 2021. Over the period under review, imports saw buoyant growth. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Slovenia (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of preserved mackerel imports to Croatia, together comprising 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +46.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved mackerel suppliers to Croatia were Slovenia ($X), Poland ($X) and Italy ($X), with a combined 93% share of total imports.

Among the main suppliers, Italy, with a CAGR of +48.4%, 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 preserved mackerel import price stood at $X per ton in 2021, growing by 8% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 13%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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