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

Croatia: Honey Market Overview 2019

Honey Market Size in Croatia

The revenue of the honey market in Croatia amounted to $X in 2017, going up by X% against the previous year. Overall, honey consumption continues to indicate a skyrocketing increase. The most prominent rate of growth was recorded in 2012, when market value increased by X% y-o-y. The honey consumption peaked of $X in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Honey Production in Croatia

In 2017, production of honey in Croatia amounted to X tonnes, remaining stable against the previous year. Overall, honey production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2012, when it surged by X% y-o-y. The honey production peaked of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level. Honey output in Croatia indicated a prominent expansion, which was largely conditioned by a remarkable expansion of the producing animals and a relatively flat trend pattern in yield figures.

Honey Exports

Exports from Croatia

In 2017, the amount of honey exported from Croatia amounted to X tonnes, reducing by -X% against the previous year. In general, honey exports continue to indicate a deep curtailment. The pace of growth was the most pronounced in 2015, when exports increased by X% year-to-year. Over the period under review, the honey exports attained its maximum volume of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, honey exports amounted to $X in 2017. In general, honey exports continue to indicate a perceptible descent. In that year, the honey exports reached their peak level of $X. From 2009 to 2017, growth of the honey exports stood at a somewhat lower level.

Exports by Country

Slovenia (X tonnes), Bosnia and Herzegovina (X tonnes) and Germany (X tonnes) were the main destinations of honey exports from Croatia, with a combined X% share of total exports. These countries were followed by Serbia, Italy and Hungary, which together accounted for a further X%.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Serbia (+X% per year), while the other leaders experienced mixed trend patterns.

In value terms, largest markets for honey exported from Croatia were Slovenia ($X), Bosnia and Herzegovina ($X) and Germany ($X), together comprising X% of total exports. These countries were followed by Italy, Serbia and Hungary, which together accounted for a further X%.

Serbia (+X% per year) recorded the highest growth rate of exports,in terms of the main countries of destination over the last decade, while the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2017, the average honey export price amounted to $X per tonne, going up by X% against the previous year. In general, the export price indicated a strong expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2010, when it surged by X% against the previous year. The export price peaked of $X per tonne in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Average export prices varied somewhat for the major foreign markets. In 2017, the countries with the highest export prices were Slovenia ($X per tonne) and Italy ($X per tonne), while average price for exports to Hungary ($X per tonne) and Serbia ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Italy (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Croatia

In 2017, imports of honey into Croatia amounted to X tonnes, remaining relatively unchanged against the previous year. In general, honey imports continue to indicate an outstanding expansion. The most prominent rate of growth was recorded in 2013, when imports increased by X% against the previous year. The imports peaked of X tonnes in 2016, leveling off in the following year.

In value terms, honey imports stood at $X in 2017. Overall, honey imports continue to indicate an outstanding expansion. Over the period under review, the honey imports attained its maximum level of $X in 2016, and then declined slightly in the following year.

Imports by Country

In 2017, China (X tonnes) constituted the largest honey supplier to Croatia, accounting for X% share of total imports. Moreover, honey imports from China exceeded the figures recorded by the second largest supplier, Poland (X tonnes), threefold. The third position in this ranking was occupied by Spain (X tonnes), with a X% share.

From 2007 to 2017, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+X% per year) and Spain (+X% per year).

In value terms, Spain ($X), China ($X) and Poland ($X) constituted the largest honey suppliers to Croatia, together comprising X% of total imports.

Spain (+X% per year) experienced the highest rates of growth with regard to imports,among the main suppliers over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average honey import price stood at $X per tonne in 2017, reducing by -X% against the previous year. Overall, honey import price continues to indicate an abrupt decline. The pace of growth appeared the most rapid in 2011, an increase of X% y-o-y. In that year, the average import prices for honey reached their peak level of $X per tonne. From 2012 to 2017, growth of the average import prices for honey stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major supplying countries. In 2017, the country with the highest import price was Germany ($X per tonne), while price for China ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Poland (+X% per year), the import prices for other major suppliers experienced a decline.

Source: IndexBox AI Platform