Croatia: Coconut Market 2022

Coconut Market Size in Croatia

In 2021, the Croatian coconut market increased by X% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption recorded prominent growth. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Coconut Production in Croatia

In value terms, coconut production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production, however, faced a sharp setback. Coconut production peaked at $X in 2020, and then fell significantly in the following year.

In 2021, the average coconut yield in Croatia totaled less than X kg per ha, standing approx. at the previous year. Over the period under review, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of coconuts production in Croatia totaled less than X ha, remaining stable against the previous year. Over the period under review, the harvested area continues to indicate a relatively flat trend pattern.

Coconut Exports

Exports from Croatia

For the third consecutive year, Croatia recorded growth in shipments abroad of coconuts, which increased by X% to X tons in 2021. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, coconut exports soared to $X in 2021. In general, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

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

From 2012 to 2021, the average annual growth rate of volume to Hungary totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+X% per year) and Romania (+X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+X% per year) and Romania (+X% per year).

Export Prices by Country

The average coconut export price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the export price recorded strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 more modest paces of growth.

Coconut Imports

Imports into Croatia

In 2021, the amount of coconuts imported into Croatia dropped slightly to X tons, with a decrease of -X% compared with the previous year's figure. Overall, imports, however, showed measured growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth imports remained at a somewhat lower figure.

In value terms, coconut imports surged to $X in 2021. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Italy (X tons) and Hungary (X tons) were the main suppliers of coconut imports to Croatia, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest coconut suppliers to Croatia were Italy ($X), the Netherlands ($X) and Germany ($X), together comprising X% of total imports. Hungary and Spain lagged somewhat behind, together accounting for a further X, with a CAGR of +X%, recorded 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

The average coconut import price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, coconut import price increased by +X% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform