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Croatia - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Croatia - 2023
Contents:
- Frozen Crustaceans Price in Croatia (CIF) - 2023
- Frozen Crustaceans Price in Croatia (FOB) - 2023
- Frozen Crustaceans Imports in Croatia
- Frozen Crustaceans Exports in Croatia
Frozen Crustaceans Price in Croatia (CIF) - 2023
In August 2023, the average frozen crustaceans import price amounted to $10,263 per ton, with a decrease of -4% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 41% against the previous month. Over the period under review, average import prices attained the maximum at $11,706 per ton in April 2023; however, from May 2023 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Italy ($16,049 per ton), while the price for China ($3,859 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Price in Croatia (FOB) - 2023
The average frozen crustaceans export price stood at $15,154 per ton in August 2023, picking up by 8.5% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 26% against the previous month. As a result, the export price reached the peak level of $15,997 per ton. From January 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Montenegro ($31,043 per ton), while the average price for exports to Serbia ($6,688 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Imports in Croatia
In 2022, the amount of frozen crustaceans imported into Croatia rose remarkably to 1.8K tons, surging by 12% on the previous year's figure. In general, total imports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 71% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, frozen crustaceans imports surged to $16M in 2022. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 86% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
Import of Frozen Crustaceans in Croatia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 2.1 | 1.1 | 2.6 | 3.4 | 17.4% |
Italy | 3.0 | 1.0 | 2.6 | 3.0 | 0.0% |
Netherlands | 0.8 | 0.5 | 1.0 | 2.1 | 37.9% |
Denmark | 0.7 | 0.3 | 1.7 | 2.0 | 41.9% |
China | 1.3 | 1.0 | 1.4 | 1.6 | 7.2% |
France | 0.3 | 0.3 | 1.4 | 1.5 | 71.0% |
Slovenia | 1.0 | 0.5 | 0.9 | 1.2 | 6.3% |
United Kingdom | 3.4 | 1.4 | N/A | 0.1 | -69.1% |
Others | 1.0 | 0.6 | 0.8 | 1.0 | 0.0% |
Total | 13.5 | 6.7 | 12.5 | 15.9 | 5.6% |
Top Suppliers of Frozen Crustaceans to Croatia in 2022:
- China (377.3 tons)
- Spain (361.2 tons)
- Italy (271.7 tons)
- Netherlands (223.5 tons)
- Denmark (171.9 tons)
- France (144.8 tons)
- Slovenia (128.9 tons)
- United Kingdom (8.4 tons)
Frozen Crustaceans Exports in Croatia
In 2022, exports of frozen crustaceans from Croatia contracted to 114 tons, with a decrease of -6.9% on the previous year's figure. In general, exports recorded a sharp descent.
In value terms, frozen crustaceans exports amounted to $1.4M in 2022. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 3.3%.
Export of Frozen Crustaceans in Croatia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Slovenia | 596 | 387 | 353 | 357 | -15.7% |
Serbia | 98.4 | 93.4 | 181 | 259 | 38.1% |
Montenegro | 80.9 | 19.8 | 157 | 225 | 40.6% |
Slovakia | 129 | 98.1 | 216 | 164 | 8.3% |
Austria | 125 | 91.2 | 116 | 142 | 4.3% |
Italy | 1,334 | 512 | 287 | 97.6 | -58.2% |
Bosnia and Herzegovina | 9.2 | 8.0 | 26.3 | 86.5 | 111.1% |
Albania | 54.9 | 53.8 | 17.2 | 11.3 | -41.0% |
Others | 44.9 | 49.5 | 2.5 | 19.7 | -24.0% |
Total | 2,473 | 1,312 | 1,356 | 1,362 | -18.0% |
Top Export Markets for Frozen Crustaceans from Croatia in 2022:
- Slovenia (33.0 tons)
- Serbia (24.2 tons)
- Slovakia (14.5 tons)
- Montenegro (11.0 tons)
- Italy (10.1 tons)
- Bosnia and Herzegovina (7.5 tons)
- Austria (6.3 tons)
- Albania (4.1 tons)
This report provides an in-depth analysis of the frozen crustaceans market in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Croatia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Croatia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.