Croatia: Banana Market 2024

Banana Market Size in Croatia

The Croatian banana market soared to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Banana Exports

Exports from Croatia

In 2022, the amount of bananas exported from Croatia surged to X tons, increasing by X% against 2021 figures. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, banana exports soared to $X in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X tons) was the main destination for banana exports from Croatia, accounting for a X% share of total exports. Moreover, banana exports to Romania exceeded the volume sent to the second major destination, Hungary (X tons), twofold. The third position in this ranking was taken by Slovenia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Slovenia (X% per year).

In value terms, Romania ($X) emerged as the key foreign market for bananas exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the average banana export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovenia ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Poland ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced a decline.

Banana Imports

Imports into Croatia

In 2022, the amount of bananas imported into Croatia rose significantly to X tons, growing by X% against 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, banana imports soared to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Ecuador (X tons), Slovenia (X tons) and Belgium (X tons) were the main suppliers of banana imports to Croatia, together comprising X% of total imports. Italy, the Netherlands, Hungary and Romania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest banana suppliers to Croatia were Slovenia ($X), Ecuador ($X) and Belgium ($X), together accounting for X% of total imports. Italy, the Netherlands, Hungary and Romania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average banana import price amounted to $X per ton, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Hungary ($X per ton) and Romania ($X per ton), while the price for Belgium ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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