Croatia: Rennet Market 2025

Rennet Market Size in Croatia

In 2021, after three years of growth, there was significant decline in the Croatian rennet market, when its value decreased by -18.4% to $X. In general, consumption continues to indicate a pronounced reduction. Rennet consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Rennet Production in Croatia

In value terms, rennet production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decline. Rennet production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Rennet Exports

Exports from Croatia

In 2021, after two years of growth, there was significant decline in overseas shipments of rennet and concentrates thereof, when their volume decreased by -62.5% to X kg. In general, exports saw a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 300% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, rennet exports declined rapidly to $X in 2021. Over the period under review, exports showed a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by 319%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X kg) was the main destination for rennet exports from Croatia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at -5.5%.

In value terms, Bosnia and Herzegovina ($X) also remains the key foreign market for rennet and concentrates thereof exports from Croatia.

From 2012 to 2021, the average annual rate of growth in terms of value to Bosnia and Herzegovina stood at -8.4%.

Export Prices by Country

In 2021, the average rennet export price amounted to $X per ton, rising by 8.6% against the previous year. In general, the export price showed a prominent increase. The growth pace was the most rapid in 2019 when the average export price increased by 222% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Bosnia and Herzegovina.

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +21.2% per year.

Rennet Imports

Imports into Croatia

In 2021, the amount of rennet and concentrates thereof imported into Croatia shrank significantly to X tons, with a decrease of -25% compared with 2020. Overall, imports showed a slight reduction. The pace of growth appeared the most rapid in 2018 with an increase of 203% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, rennet imports shrank dramatically to $X in 2021. In general, imports showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 98%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Denmark (X tons) constituted the largest rennet supplier to Croatia, accounting for a 68% share of total imports. Moreover, rennet imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Denmark was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.9% per year) and Poland (0.0% per year).

In value terms, Denmark ($X) constituted the largest supplier of rennet and concentrates thereof to Croatia, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.3% per year) and Poland (0.0% per year).

Import Prices by Country

The average rennet import price stood at $X per ton in 2021, declining by -3.2% against the previous year. In general, the import price showed a mild setback. The growth pace was the most rapid in 2017 an increase of 64%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :