Report Update: May 1, 2024

Croatia - Whey - Market Analysis, Forecast, Size, Trends and Insights

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Whey Price in Croatia - 2023

Whey Price in Croatia (CIF) - 2023

The average whey import price stood at $2,635 per ton in August 2023, reducing by -6.3% against the previous month. In general, import price indicated mild growth from August 2022 to August 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, whey import price decreased by -31.4% against June 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 79% m-o-m. The import price peaked at $3,841 per ton in June 2023; however, from July 2023 to August 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($2,693 per ton), while the price for Poland ($2,048 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 the Netherlands (+2.2%), while the prices for the other major suppliers experienced a decline.

Whey Price in Croatia (FOB) - 2023

In August 2023, the average whey export price amounted to $797 per ton, shrinking by -2.4% against the previous month. In general, the export price saw a noticeable setback. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 34% month-to-month. Over the period under review, the average export prices attained the maximum at $1,028 per ton in August 2022; however, from September 2022 to August 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In August 2023, the countries with the highest prices were Bosnia and Herzegovina ($885 per ton) and Serbia ($881 per ton), while the average price for exports to the Czech Republic ($614 per ton) and Bulgaria ($617 per ton) were amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Whey Imports in Croatia

In 2022, purchases abroad of whey decreased by -24.8% to 2K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 19% against the previous year. As a result, imports reached the peak of 3.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, whey imports contracted to $5.2M in 2022. Over the period under review, imports continue to indicate a slight descent. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, imports attained the peak of $6.2M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Whey in Croatia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	4,723	4,831	4,439	3,580	-8.8%
Netherlands	37.1	387	425	784	176.5%
Poland	184	338	369	471	36.8%
Italy	0.1	8.1	148	99.2	897.3%
France	7.3	5.4	8.8	78.1	120.3%
Czech Republic	97.8	86.5	60.9	8.4	-55.9%
Others	305	514	303	182	-15.8%
Total	5,354	6,171	5,752	5,202	-1.0%

Top Suppliers of Whey to Croatia in 2022:

Germany (1153.8 tons)
Netherlands (509.0 tons)
Poland (243.5 tons)
Italy (63.5 tons)
France (40.6 tons)
Czech Republic (5.2 tons)

Whey Exports in Croatia

In 2022, shipments abroad of whey decreased by -7.6% to 2.5K 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 +3.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when exports increased by 16% against the previous year.

In value terms, whey exports reached $2.9M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +19.3% 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 +69.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 46%. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Whey in Croatia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Serbia	1,061	1,092	1,474	1,594	14.5%
Greece	N/A	55.3	297	532	210.2%
Czech Republic	240	213	374	240	0.0%
North Macedonia	251	271	405	197	-7.8%
Bulgaria	N/A	16.0	111	107	158.6%
Hungary	150	191	32.4	77.4	-19.8%
Others	24.4	127	174	185	96.5%
Total	1,727	1,965	2,869	2,932	19.3%

Top Export Markets for Whey from Croatia in 2022:

Serbia (1434.3 tons)
Greece (470.4 tons)
Czech Republic (195.4 tons)
North Macedonia (151.2 tons)
Bulgaria (89.6 tons)
Hungary (56.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the whey 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 890 - Whey, Condensed
FCL 900 - Dry Whey

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