Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Croatia - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Croatia (CIF) - 2023
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Croatia (FOB) - 2023
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Croatia
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Croatia

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Croatia (CIF) - 2023

The average import price for liquid margarine and edible mixtures of animal or vegetable fats stood at $1,246 per ton in October 2023, dropping by -45.6% against the previous month. Over the period under review, the import price continues to indicate a perceptible slump. The pace of growth was the most pronounced in November 2022 when the average import price increased by 15% month-to-month. Over the period under review, average import prices attained the maximum at $2,526 per ton in April 2023; however, from May 2023 to October 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($1,739 per ton), while the price for Bosnia and Herzegovina stood at $1,127 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Croatia (FOB) - 2023

The average export price for liquid margarine and edible mixtures of animal or vegetable fats stood at $3,691 per ton in October 2023, jumping by 77% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Bosnia and Herzegovina ($3,769 per ton), while the average price for exports to Montenegro totaled $1,875 per ton.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Croatia

Imports of liquid margarine and edible mixtures of animal or vegetable fats into Croatia surged to 6.2K tons in 2022, growing by 47% compared with 2021 figures. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.1% 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 +51.5% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats surged to $13M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Croatia in 2022:

1. Sweden (3594.4 tons)
2. Hungary (1197.8 tons)
3. Germany (390.8 tons)
4. Belgium (209.7 tons)
5. Egypt (207.6 tons)
6. Bosnia and Herzegovina (175.4 tons)
7. Netherlands (145.3 tons)
8. Indonesia (72.4 tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Croatia

In 2022, approx. 1.5K tons of liquid margarine and edible mixtures of animal or vegetable fats were exported from Croatia; surging by 5.9% compared with the previous year's figure. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $4M in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 85%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Croatia in 2022:

1. Slovenia (844.2 tons)
2. Bosnia and Herzegovina (617.8 tons)

Source: IndexBox Market Intelligence Platform