Croatia: Margarine And Shortening Market 2025

Margarine And Shortening Market Size in Croatia

In 2022, the Croatian margarine and shortening market increased by 31% to $X, rising for the second year in a row after six years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Margarine And Shortening Production in Croatia

In value terms, margarine and shortening production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a deep setback. The pace of growth was the most pronounced in 2020 when the production volume increased by 2.8%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Margarine And Shortening Exports

Exports from Croatia

In 2022, margarine and shortening exports from Croatia contracted slightly to X tons, which is down by -4.8% against the previous year. Over the period under review, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of 9.3%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, margarine and shortening exports soared to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 36%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X tons), Slovenia (X tons) and Serbia (X tons) were the main destinations of margarine and shortening exports from Croatia, together accounting for 94% of total exports.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +65.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for margarine and shortening exports from Croatia, comprising 61% of total exports. The second position in the ranking was held by Slovenia ($X), with a 30% share of total exports. It was followed by Serbia, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina stood at -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+5.0% per year) and Serbia (+54.9% per year).

Export Prices by Country

The average margarine and shortening export price stood at $X per ton in 2022, with an increase of 29% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, margarine and shortening export price increased by +68.5% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bosnia and Herzegovina ($X per ton) and Slovenia ($X per ton), while the average price for exports to Serbia ($X per ton) and Montenegro ($X per ton) were 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 (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Margarine And Shortening Imports

Imports into Croatia

In 2022, supplies from abroad of margarine and shortening increased by 29% to X tons, rising for the second year in a row after six years of decline. Overall, total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, margarine and shortening imports skyrocketed to $X in 2022. Over the period under review, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +114.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons), Hungary (X tons) and Italy (X tons) were the main suppliers of margarine and shortening imports to Croatia, together accounting for 71% of total imports. Germany, Austria, Belgium, Slovakia, Egypt, Poland, Bosnia and Herzegovina, Serbia, the Netherlands and Slovenia lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +71.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest margarine and shortening suppliers to Croatia were Sweden ($X), Hungary ($X) and Italy ($X), with a combined 72% share of total imports. Germany, Austria, Belgium, Slovakia, the Netherlands, Bosnia and Herzegovina, Poland, Egypt, Serbia and Slovenia lagged somewhat behind, together accounting for a further 25%.

Among the main suppliers, Slovakia, with a CAGR of +76.5%, recorded 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 margarine and shortening import price stood at $X per ton in 2022, increasing by 16% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, margarine and shortening import price increased by +56.1% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 31%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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