Croatia: Soya Bean Market 2025

Soya Bean Market Size in Croatia

After two years of decline, the Croatian soya bean market increased by 429% to $X in 2021. Over the period under review, consumption recorded a noticeable expansion. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Soya Bean Production in Croatia

In value terms, soya bean production dropped to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.2% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 26% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

The average yield of soya beans in Croatia was estimated at X tons per ha in 2021, standing approx. at the year before. Overall, the yield indicated a remarkable increase from 2012 to 2021: its figure increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean yield decreased by -22.8% against 2017 indices. The pace of growth was the most pronounced in 2016 with an increase of 40% against the previous year. Over the period under review, the average soya bean yield reached the maximum level at X tons per ha in 2017; however, from 2018 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of soya beans production in Croatia fell to X ha, waning by -4.6% on the year before. In general, the total harvested area indicated a notable increase from 2012 to 2021: its figure increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean harvested area increased by +6.7% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the harvested area increased by 89%. As a result, the harvested area reached the peak level of X ha. From 2016 to 2021, the growth of the soya bean harvested area failed to regain momentum.

Soya Bean Exports

Exports from Croatia

In 2021, shipments abroad of soya beans decreased by -29.6% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 118%. Over the period under review, the exports hit record highs at X tons in 2020, and then contracted notably in the following year.

In value terms, soya bean exports rose rapidly to $X in 2021. Overall, exports, however, saw buoyant growth. The growth pace was the most rapid in 2015 with an increase of 78% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons), Serbia (X tons) and Italy (X tons) were the main destinations of soya bean exports from Croatia, together accounting for 71% of total exports. These countries were followed by Austria, Germany, Hungary and Bosnia and Herzegovina, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +115.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Serbia ($X) and Italy ($X) appeared to be the largest markets for soya bean exported from Croatia worldwide, with a combined 73% share of total exports. Austria, Germany, Hungary and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Austria, with a CAGR of +116.2%, saw the highest growth rate of 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

The average soya bean export price stood at $X per ton in 2021, increasing by 59% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean export price increased by +85.0% 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 external markets. In 2021, the countries with the highest prices were Russia ($X per ton) and Serbia ($X per ton), while the average price for exports to Germany ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Bean Imports

Imports into Croatia

In 2021, soya bean imports into Croatia dropped rapidly to X tons, which is down by -19.6% on 2020. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 869% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, soya bean imports dropped to $X in 2021. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2017 with an increase of 719%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Slovenia (X tons) constituted the largest soya bean supplier to Croatia, accounting for a 51% share of total imports. Moreover, soya bean imports from Slovenia exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovenia amounted to +203.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+28.3% per year) and Italy (+114.6% per year).

In value terms, the largest soya bean suppliers to Croatia were Slovenia ($X), Austria ($X) and Italy ($X), with a combined 88% share of total imports.

Among the main suppliers, Slovenia, with a CAGR of +175.7%, saw the highest rates of growth with regard to 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 soya bean import price stood at $X per ton in 2021, growing by 22% against the previous year. Overall, the import price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2016 an increase of 72% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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