Croatia: Preserved Sardines Market 2024

Preserved Sardines Market Size in Croatia

For the third consecutive year, the Croatian preserved sardines market recorded decline in sales value, which decreased by -23.2% to $X in 2022. Over the period under review, consumption saw a abrupt shrinkage. Preserved sardines consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sardines Production in Croatia

In value terms, preserved sardines production stood at $X in 2022 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -4.2% against 2020 indices. The growth pace was the most rapid in 2019 when the production volume increased by 26%. Preserved sardines production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Preserved Sardines Exports

Exports from Croatia

Preserved sardines exports from Croatia amounted to X tons in 2022, picking up by 9.6% against 2021. The total export volume increased at an average annual rate of +2.5% over the period 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 2018 when exports increased by 26%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, preserved sardines exports expanded significantly to $X in 2022. In general, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.4% against 2017 indices. The pace of growth was the most pronounced in 2018 when exports increased by 40%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Spain (X tons) was the main destination for preserved sardines exports from Croatia, with a 37% share of total exports. Moreover, preserved sardines exports to Spain exceeded the volume sent to the second major destination, Serbia (X tons), twofold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at +269.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-5.9% per year) and Bosnia and Herzegovina (-7.7% per year).

In value terms, Spain ($X) remains the key foreign market for sardines (prepared or preserved) exports from Croatia, comprising 38% of total exports. The second position in the ranking was taken by Serbia ($X), with a 16% share of total exports. It was followed by France, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +293.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (-5.4% per year) and France (+85.4% per year).

Export Prices by Country

The average preserved sardines export price stood at $X per ton in 2022, increasing by 1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2017 when the average export price increased by 12% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hungary ($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 Spain (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sardines Imports

Imports into Croatia

In 2022, preserved sardines imports into Croatia expanded notably to X tons, increasing by 11% against 2021. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 123%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, preserved sardines imports soared to $X in 2022. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2014 with an increase of 99% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Morocco (X tons) constituted the largest supplier of preserved sardines to Croatia, accounting for a 59% share of total imports. Moreover, preserved sardines imports from Morocco exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was taken by Slovenia (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from Morocco stood at +99.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+8.8% per year) and Slovenia (+15.3% per year).

In value terms, Morocco ($X) constituted the largest supplier of sardines (prepared or preserved) to Croatia, comprising 58% of total imports. The second position in the ranking was taken by Poland ($X), with a 13% share of total imports. It was followed by Slovenia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Morocco amounted to +91.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+7.0% per year) and Slovenia (+16.4% per year).

Import Prices by Country

The average preserved sardines import price stood at $X per ton in 2022, rising by 8.1% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 11% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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