Croatia: Inulin Market 2022

Inulin Market Size in Croatia

In 2021, the Croatian inulin market increased by 41% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, recorded a pronounced downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Inulin Exports

Exports from Croatia

After two years of decline, overseas shipments of inulin increased by 243% to X tons in 2021. In general, exports continue to indicate a prominent expansion. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, inulin exports soared to $X in 2021. Over the period under review, exports showed strong growth. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Slovenia (X tons) was the main destination for inulin exports from Croatia, accounting for a 72% share of total exports. Moreover, inulin exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia stood at +53.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-6.6% per year) and Poland (0.0% per year).

In value terms, Slovenia ($X) remains the key foreign market for inulin exports from Croatia, comprising 70% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovenia stood at +62.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-5.9% per year) and Poland (0.0% per year).

Export Prices by Country

In 2021, the average inulin export price amounted to $X per ton, picking up by 96% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Slovenia ($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 Slovenia (+6.2%).

Inulin Imports

Imports into Croatia

In 2021, after two years of decline, there was significant growth in supplies from abroad of inulin, when their volume increased by 54% to X tons. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, inulin imports soared to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest inulin supplier to Croatia, with a 67% share of total imports. Moreover, inulin imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by Belgium (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+109.6% per year) and Belgium (+6.5% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of inulin to Croatia, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands amounted to -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+117.5% per year) and Belgium (+3.0% per year).

Import Prices by Country

The average inulin import price stood at $X per ton in 2021, growing by 17% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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