Price for Food Preparations Not Elsewhere Specified or Included in Croatia - 2023

Contents:

  1. Price for Food Preparations Not Elsewhere Specified or Included in Croatia (CIF) - 2023
  2. Price for Food Preparations Not Elsewhere Specified or Included in Croatia (FOB) - 2023
  3. Imports of Food Preparations Not Elsewhere Specified or Included in Croatia
  4. Exports of Food Preparations Not Elsewhere Specified or Included in Croatia

Price for Food Preparations Not Elsewhere Specified or Included in Croatia (CIF) - 2023

The average import price for food preparations not elsewhere specified or included stood at $5,984 per ton in November 2023, picking up by 30% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. Over the period under review, average import prices reached the peak figure at $6,151 per ton in January 2023; however, from February 2023 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Belgium ($8,515 per ton), while the price for Slovakia ($3,214 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Food Preparations Not Elsewhere Specified or Included in Croatia (FOB) - 2023

The average export price for food preparations not elsewhere specified or included stood at $4,547 per ton in November 2023, with a decrease of -13.5% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 24% month-to-month. The export price peaked at $5,457 per ton in July 2023; however, from August 2023 to November 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($14,664 per ton), while the average price for exports to Austria ($2,389 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Food Preparations Not Elsewhere Specified or Included in Croatia

In 2022, imports of food preparations not elsewhere specified or included into Croatia totaled 37K tons, increasing by 8% compared with 2021. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of food preparations not elsewhere specified or included reached $180M in 2022. The total import value increased at an average annual rate of +7.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 17%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Food Preparations Not Elsewhere Specified or Included in Croatia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany23.925.229.130.48.3%
Netherlands12.820.928.224.724.5%
Italy18.716.919.422.76.7%
Slovenia16.520.124.521.18.5%
Austria9.911.513.914.212.8%
Poland11.910.313.712.41.4%
Hungary10.97.710.59.2-5.5%
Belgium2.31.93.96.843.5%
France5.05.15.95.53.2%
Serbia2.12.43.22.911.4%
Slovakia3.13.73.42.9-2.2%
North Macedonia1.21.31.71.916.6%
Bosnia and Herzegovina2.92.41.61.5-19.7%
Others24.023.320.023.8-0.3%
Total1451531791807.5%

Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Croatia in 2022:

  1. Germany (6.6K tons)
  2. Italy (6.5K tons)
  3. Austria (3.7K tons)
  4. Netherlands (3.2K tons)
  5. Slovenia (3.2K tons)
  6. Belgium (3.0K tons)
  7. Poland (2.0K tons)
  8. Hungary (1.4K tons)
  9. Slovakia (1.0K tons)
  10. Serbia (0.9K tons)
  11. North Macedonia (0.8K tons)
  12. Bosnia and Herzegovina (0.7K tons)
  13. France (0.6K tons)

Exports of Food Preparations Not Elsewhere Specified or Included in Croatia

In 2022, approx. 33K tons of food preparations not elsewhere specified or included were exported from Croatia; growing by 4.3% on the previous year's figure. The total export volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of food preparations not elsewhere specified or included reached $131M in 2022. The total export value increased at an average annual rate of +11.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

Export of Food Preparations Not Elsewhere Specified or Included in Croatia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and Herzegovina20.320.121.721.51.9%
Serbia17.017.618.920.87.0%
Slovenia16.717.320.120.57.1%
Germany6.78.113.019.743.3%
Italy4.96.48.411.432.5%
Austria6.77.910.37.12.0%
Montenegro4.13.23.94.42.4%
Romania3.33.33.03.41.0%
Others15.615.519.821.811.8%
Total95.499.311913111.1%

Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Croatia in 2022:

  1. Slovenia (6.8K tons)
  2. Serbia (6.2K tons)
  3. Austria (5.1K tons)
  4. Bosnia and Herzegovina (4.1K tons)
  5. Germany (3.5K tons)
  6. Italy (2.1K tons)
  7. Romania (1.2K tons)
  8. Montenegro (1.0K tons)

Source: IndexBox Market Intelligence Platform

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