Non-Liquid Margarine Price in Croatia - 2023
Contents:
- Non-Liquid Margarine Price in Croatia (FOB) - 2023
- Non-Liquid Margarine Price in Croatia (CIF) - 2023
- Non-Liquid Margarine Exports in Croatia
- Non-Liquid Margarine Imports in Croatia
Non-Liquid Margarine Price in Croatia (FOB) - 2023
In June 2023, the average non-liquid margarine export price amounted to $2,632 per ton, rising by 9.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in July 2022 an increase of 11% m-o-m. Over the period under review, the average export prices attained the peak figure at $2,786 per ton in April 2023; however, from May 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Bosnia and Herzegovina ($3,327 per ton), while the average price for exports to Slovenia ($2,006 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Price in Croatia (CIF) - 2023
The average non-liquid margarine import price stood at $2,401 per ton in May 2023, growing by 8.4% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The growth pace was the most rapid in August 2022 when the average import price increased by 9.6% against the previous month. Over the period under review, average import prices attained the maximum in May 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($3,409 per ton), while the price for Slovakia ($1,740 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Hungary (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Exports in Croatia
Non-liquid margarine exports from Croatia dropped to 2.9K tons in 2022, waning by -10% compared with the year before. In general, exports saw a deep downturn. The smallest decline of -4.6% was in 2021.
In value terms, non-liquid margarine exports expanded rapidly to $6.6M in 2022. The total export value increased at an average annual rate of +8.9% over the period 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 when exports increased by 21%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Non-Liquid Margarine in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 3.1 | 3.1 | 3.8 | 4.4 | 12.4% |
| Slovenia | 1.1 | 1.0 | 1.3 | 1.4 | 8.4% |
| Serbia | 0.5 | 0.4 | 0.3 | 0.4 | -7.2% |
| Montenegro | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 5.1 | 4.8 | 5.8 | 6.6 | 9.0% |
Top Export Markets for Non-Liquid Margarine from Croatia in 2022:
- Bosnia and Herzegovina (1713.1 tons)
- Slovenia (776.0 tons)
- Serbia (204.2 tons)
- Montenegro (118.1 tons)
Non-Liquid Margarine Imports in Croatia
In 2022, approx. 3.2K tons of non-liquid margarine were imported into Croatia; increasing by 5.5% compared with 2021 figures. The total import volume increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, non-liquid margarine imports surged to $6.2M in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 55% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of Non-Liquid Margarine in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,745 | 1,450 | 1,897 | 2,045 | 5.4% |
| Hungary | 559 | 750 | 1,205 | 1,808 | 47.9% |
| Austria | 272 | 140 | 448 | 640 | 33.0% |
| Slovakia | 82.0 | 151 | 225 | 464 | 78.2% |
| Serbia | 239 | 180 | 281 | 295 | 7.3% |
| Belgium | 195 | 173 | 250 | 280 | 12.8% |
| Germany | 150 | 101 | 131 | 241 | 17.1% |
| Poland | 19.5 | N/A | 97.0 | 218 | 123.6% |
| Slovenia | 114 | 59.3 | 125 | 70.6 | -14.8% |
| Others | 79.3 | 68.2 | 98.1 | 141 | 21.1% |
| Total | 3,454 | 3,072 | 4,757 | 6,203 | 21.6% |
Top Suppliers of Non-Liquid Margarine to Croatia in 2022:
- Italy (1117.4 tons)
- Hungary (719.0 tons)
- Austria (351.0 tons)
- Slovakia (290.3 tons)
- Serbia (158.8 tons)
- Belgium (149.4 tons)
- Poland (142.4 tons)
- Germany (111.5 tons)
- Slovenia (39.4 tons)
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