Report Update: Apr 1, 2024

Croatia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights

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Virgin Olive Oil Price in Croatia - 2021

Virgin Olive Oil Price in Croatia (CIF) - 2021

The average virgin olive oil import price stood at $4,214 per ton in November 2021, remaining relatively unchanged against the previous month. Over the period from November 2020 to November 2021, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in June 2021 an increase of 7.2% month-to-month. As a result, import price attained the peak level of $4,390 per ton. From July 2021 to November 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In November 2021, the countries with the highest prices were Greece ($5,685 per ton) and Italy ($4,567 per ton), while the price for Spain ($3,955 per ton) and Slovenia ($4,410 per ton) were amongst the lowest.

From November 2020 to November 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Virgin Olive Oil Price in Croatia (FOB) - 2021

In November 2021, the average virgin olive oil export price amounted to $8,877 per ton, with a decrease of -27.5% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2021 when the average export price increased by 70% against the previous month. The export price peaked at $14,827 per ton in August 2021; however, from September 2021 to November 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In November 2021, the country with the highest price was the United States ($58,440 per ton), while the average price for exports to Spain ($3,380 per ton) was amongst the lowest.

From November 2020 to November 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Virgin Olive Oil Imports in Croatia

In 2022, supplies from abroad of virgin olive oil decreased by -5.3% to 4.6K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. As a result, imports reached the peak of 4.8K tons, and then contracted in the following year.

In value terms, virgin olive oil imports dropped to $17M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of $20M, and then fell in the following year.

Import of Virgin Olive Oil in Croatia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	6.5	6.2	9.2	8.1	7.6%
Italy	7.3	7.0	8.6	7.5	0.9%
Greece	0.6	0.5	0.7	0.6	0.0%
Slovenia	N/A	0.1	0.4	0.3	73.2%
Others	0.5	0.4	1.1	0.5	0.0%
Total	14.9	14.2	19.9	17.0	4.5%

Top Suppliers of Virgin Olive Oil to Croatia in 2022:

Spain (2414.5 tons)
Italy (1841.6 tons)
Greece (154.0 tons)
Slovenia (78.5 tons)

Virgin Olive Oil Exports in Croatia

In 2022, overseas shipments of virgin olive oil decreased by -10.4% to 297 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 26%. As a result, the exports reached the peak of 332 tons, and then declined in the following year.

In value terms, virgin olive oil exports reduced notably to $2.7M in 2022. In general, total exports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 56% against the previous year. As a result, the exports attained the peak of $3.3M, and then dropped dramatically in the following year.

Export of Virgin Olive Oil in Croatia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovenia	652	611	718	613	-2.0%
Bosnia and Herzegovina	471	587	670	572	6.7%
Italy	691	334	602	514	-9.4%
Germany	33.5	118	181	155	66.6%
Serbia	57.0	80.7	180	154	39.3%
United States	64.6	85.1	140	119	22.6%
Switzerland	53.4	54.7	84.7	72.3	10.6%
Others	452	219	675	471	1.4%
Total	2,475	2,090	3,251	2,670	2.6%

Top Export Markets for Virgin Olive Oil from Croatia in 2022:

Bosnia and Herzegovina (116.9 tons)
Slovenia (85.4 tons)
Italy (26.2 tons)
Serbia (24.7 tons)
Germany (11.2 tons)
United States (6.9 tons)
Switzerland (4.8 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the virgin olive oil 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:

FCL 261 - Oil of Olives, Virgin

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023