Croatia: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Croatia

In 2023, after two years of growth, there was significant decline in the Croatian animal or vegetable fertilisers market, when its value decreased by X% to $X. Overall, consumption, however, posted strong growth. Over the period under review, the market hit record highs at $X in 2022, and then declined rapidly in the following year.

Exports of Animal Or Vegetable Fertilisers

Exports from Croatia

In 2023, the amount of animal or vegetable fertilisers exported from Croatia fell notably to X tons, with a decrease of X% compared with 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, animal or vegetable fertilisers exports declined dramatically to $X in 2023. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

Exports by Country

Serbia (X tons) was the main destination for animal or vegetable fertilisers exports from Croatia, accounting for a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Serbia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), fivefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Serbia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Slovenia (X% per year).

In value terms, Serbia ($X) remains the key foreign market for animal or vegetable fertilisers exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Serbia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Slovenia (X% per year).

Export Prices by Country

The average animal or vegetable fertilisers export price stood at $X per ton in 2023, waning by X% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced a decline.

Imports of Animal Or Vegetable Fertilisers

Imports into Croatia

After four years of growth, overseas purchases of animal or vegetable fertilisers decreased by X% to X tons in 2023. In general, total imports indicated a remarkable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then fell rapidly in the following year.

In value terms, animal or vegetable fertilisers imports dropped significantly to $X in 2023. Over the period under review, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then declined remarkably in the following year.

Imports by Country

In 2023, Italy (X tons) constituted the largest supplier of animal or vegetable fertilisers to Croatia, accounting for a X% share of total imports. Moreover, animal or vegetable fertilisers imports from Italy exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), eightfold.

From 2012 to 2023, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and the Netherlands (X% per year).

In value terms, Italy ($X) constituted the largest supplier of animal or vegetable fertilisers to Croatia, comprising X% of total imports. The second position in the ranking was held by Slovenia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2023, picking up by X% against the previous year. In general, import price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, animal or vegetable fertilisers import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X%. The import price peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform