Croatia: Preserved Turkey Market 2024

Preserved Turkey Market Size in Croatia

In 2021, the Croatian preserved turkey market decreased by -55.7% to $X, falling for the eighth consecutive year after two years of growth. Overall, consumption recorded a abrupt decline. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Preserved Turkey Production in Croatia

In value terms, preserved turkey production declined remarkably to $X in 2021 estimated in export price. Overall, production saw a dramatic setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by 23% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Preserved Turkey Exports

Exports from Croatia

In 2021, preserved turkey exports from Croatia reached X tons, surging by 12% on the previous year. Overall, exports posted a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 57% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, preserved turkey exports skyrocketed to $X in 2021. Over the period under review, exports posted a prominent increase. The growth pace was the most rapid in 2018 with an increase of 38%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Austria (X tons), Slovenia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of preserved turkey exports from Croatia, with a combined 85% share of total exports. These countries were followed by Montenegro, Germany, North Macedonia, Romania and Serbia, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +450.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Bosnia and Herzegovina ($X) and Slovenia ($X) were the largest markets for preserved turkey exported from Croatia worldwide, with a combined 86% share of total exports. Montenegro, North Macedonia, Germany, Romania and Serbia lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Romania, with a CAGR of +417.3%, 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 turkey export price amounted to $X per ton, with an increase of 3.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 26%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovenia ($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 Bosnia and Herzegovina (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Turkey Imports

Imports into Croatia

In 2021, the amount of prepared or preserved meat or offal of turkeys imported into Croatia was estimated at X tons, growing by 9% compared with 2020. In general, imports showed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 91%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, preserved turkey imports stood at $X in 2021. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 86% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of preserved turkey to Croatia, accounting for a 60% share of total imports. Moreover, preserved turkey imports from Hungary exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Slovenia (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary stood at +24.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+51.1% per year) and Slovenia (+62.4% per year).

In value terms, the largest preserved turkey suppliers to Croatia were Italy ($X), Hungary ($X) and Slovenia ($X), with a combined 86% share of total imports.

Slovenia, with a CAGR of +60.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average preserved turkey import price amounted to $X per ton, shrinking by -7.9% against the previous year. In general, the import price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 30%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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