Croatia: Smoked Salmon Market 2024

Smoked Salmon Market Size in Croatia

The Croatian smoked salmon market reduced notably to $X in 2022, with a decrease of -21.1% against the previous year. In general, consumption showed a perceptible setback. Smoked salmon consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Smoked Salmon Production in Croatia

In value terms, smoked salmon production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2018 with an increase of 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Smoked Salmon Exports

Exports from Croatia

Smoked salmon exports from Croatia surged to X tons in 2022, jumping by 112% on 2021. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 526%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, smoked salmon exports soared to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of 596% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for smoked salmon exports from Croatia, with a 98% share of total exports. It was followed by Slovenia (X tons), with a 1% share of total exports. The third position in this ranking was taken by Montenegro (X tons), with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +424.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+28.5% per year) and Montenegro (+9.9% per year).

In value terms, Italy ($X) remains the key foreign market for smoked pacific, atlantic and danube salmon exports from Croatia, comprising 99% of total exports. The second position in the ranking was held by Slovenia ($X), with a 0.9% share of total exports. It was followed by Montenegro, with a 0.4% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +465.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+28.8% per year) and Montenegro (+10.9% per year).

Export Prices by Country

The average smoked salmon export price stood at $X per ton in 2022, growing by 13% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 when the average export price increased by 24%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Bosnia and Herzegovina ($X per ton) and Italy ($X per ton), while the average price for exports to Montenegro ($X per ton) and Slovenia ($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 Italy (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Salmon Imports

Imports into Croatia

In 2022, approx. X tons of smoked pacific, atlantic and danube salmon were imported into Croatia; declining by -53.3% on the year before. In general, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 157% against the previous year. As a result, imports reached the peak of X tons, and then shrank remarkably in the following year.

In value terms, smoked salmon imports fell notably to $X in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 149%. As a result, imports reached the peak of $X, and then fell notably in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest smoked salmon supplier to Croatia, accounting for a 48% share of total imports. Moreover, smoked salmon imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fivefold. The third position in this ranking was held by Italy (X tons), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +84.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+26.2% per year) and Italy (+33.8% per year).

In value terms, Germany ($X) constituted the largest supplier of smoked pacific, atlantic and danube salmon to Croatia, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with an 11% share of total imports. It was followed by Slovenia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +90.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+37.4% per year) and Slovenia (+26.0% per year).

Import Prices by Country

The average smoked salmon import price stood at $X per ton in 2022, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Italy ($X per ton) and Poland ($X per ton), while the price for Denmark ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :