Croatia: Maize Market 2024

Maize Market Size in Croatia

The Croatian maize market shrank modestly to $X in 2022, which is down by X% against the previous year. Over the period under review, the total consumption indicated moderate 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, consumption increased by X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Maize Production in Croatia

In value terms, maize production rose notably to $X in 2022 estimated in export price. Over the period under review, production, however, showed resilient growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of maize (green) in Croatia shrank dramatically to X tons per ha, waning by X% on 2021. In general, the yield, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the average maize yield hit record highs at X tons per ha in 2020; however, from 2021 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of maize (green) production in Croatia rose sharply to X ha, surging by X% against the year before. Overall, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to maize production reached the peak figure at X ha in 2015; however, from 2016 to 2022, the harvested area failed to regain momentum.

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Maize Exports

Exports from Croatia

In 2022, overseas shipments of maize (green) increased by X% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, maize exports expanded markedly to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 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 immediate term.

Exports by Country

Slovenia (X tons) was the main destination for maize exports from Croatia, accounting for a X% share of total exports. Moreover, maize exports to Slovenia exceeded the volume sent to the second major destination, Serbia (X tons), eightfold. The third position in this ranking was taken by Bosnia and Herzegovina (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Bosnia and Herzegovina (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

In 2022, the average maize export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Montenegro ($X per ton) and Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovenia ($X per ton) and Serbia ($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 Slovenia (X%), while the prices for the other major destinations experienced a decline.

Maize Imports

Imports into Croatia

In 2022, the amount of maize (green) imported into Croatia rose remarkably to X tons, with an increase of X% against the previous year's figure. Over the period under review, total imports indicated a resilient increase 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. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, maize imports amounted to $X in 2022. Overall, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of maize to Croatia, accounting for a X% share of total imports. Moreover, maize imports from Italy exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), eightfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Germany (X% per year).

In value terms, Italy ($X) constituted the largest supplier of maize (green) to Croatia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Slovenia (X% per year).

Import Prices by Country

The average maize import price stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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