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Croatia - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights
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Croatia: Virgin Olive Oil Market Overview 2021

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Virgin Olive Oil Market Size in Croatia

After two years of decline, the Croatian virgin olive oil market increased by X% to $X in 2019. In general, consumption posted a tangible expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Virgin olive oil consumption peaked at $X in 2016; however, from 2017 to 2019, consumption remained at a lower figure.

Virgin Olive Oil Production in Croatia

In value terms, virgin olive oil production skyrocketed to $X in 2019 estimated in export prices. In general, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% year-to-year. Virgin olive oil production peaked at $X in 2010; however, from 2011 to 2019, production remained at a lower figure.

Virgin Olive Oil Exports

Exports from Croatia

In 2019, exports of olive oil (virgin) from Croatia reduced markedly to X tonnes, waning by -X% on the previous year. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Exports peaked at X tonnes in 2016; however, from 2017 to 2019, exports failed to regain the momentum.

In value terms, virgin olive oil exports fell sharply to $X in 2019. Over the period under review, exports recorded a slight increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. From 2017 to 2019, the growth exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X tonnes) was the main destination for virgin olive oil exports from Croatia, with a X% share of total exports. Moreover, virgin olive oil exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X tonnes), twofold. Germany (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Bosnia and Herzegovina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-X% per year) and Germany (+X% per year).

In value terms, the largest markets for virgin olive oil exported from Croatia were Bosnia and Herzegovina ($X), Slovenia ($X) and Germany ($X), together accounting for X% of total exports. These countries were followed by Italy, the U.S., Switzerland and Austria, which together accounted for a further X (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the average virgin olive oil export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, export price indicated a slight expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, virgin olive oil export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2013 when the average export price increased by X% y-o-y. As a result, export price reached the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was the U.S. ($X per tonne), while the average price for exports to Germany ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Austria, while the prices for the other major destinations experienced more modest paces of growth.

Virgin Olive Oil Imports

Imports into Croatia

In 2019, approx. X tonnes of olive oil (virgin) were imported into Croatia; surging by X% against the previous year. Overall, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure in 2019 and are likely to continue growth in the immediate term.

In value terms, virgin olive oil imports contracted to $X in 2019. In general, imports enjoyed resilient growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

Spain (X tonnes), Italy (X tonnes) and Greece (X tonnes) were the main suppliers of virgin olive oil imports to Croatia, with a combined X% share of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain, while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Spain ($X) and Greece ($X) constituted the largest virgin olive oil suppliers to Croatia, with a combined X% share of total imports.

In terms of the main suppliers, Spain recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2019, the average virgin olive oil import price amounted to $X per tonne, declining by -X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2017; however, from 2018 to 2019, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2019, the country with the highest price was Greece ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Greece, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for olive oil (virgin) in the world?
+
The countries with the highest volumes of virgin olive oil consumption in 2019 were Spain (969K tonnes), Italy (755K tonnes) and Greece (340K tonnes), together accounting for 55% of global consumption. The U.S., Morocco, France, Tunisia, Algeria, Brazil, Portugal, Syrian Arab Republic and Germany lagged somewhat behind, together comprising a further 28%.
What are the largest producers of olive oil (virgin) in the world?
+
Spain (1.7M tonnes) constituted the country with the largest volume of virgin olive oil production, comprising approx. 45% of total volume. Moreover, virgin olive oil production in Spain exceeded the figures recorded by the second-largest producer, Italy (477K tonnes), fourfold. Greece (434K tonnes) ranked third in terms of total production with a 12% share.
What are the leading suppliers of olive oil (virgin) to Croatia?
+
In value terms, the largest virgin olive oil suppliers to Croatia were Italy ($7.3M), Spain ($6.5M) and Greece ($594K), with a combined 97% share of total imports.
What are the leading importers of olive oil (virgin) from Croatia?
+
In value terms, Bosnia and Herzegovina ($494K), Slovenia ($358K) and Germany ($151K) appeared to be the largest markets for virgin olive oil exported from Croatia worldwide, with a combined 68% share of total exports. These countries were followed by Italy, the U.S., Switzerland and Austria, which together accounted for a further 20%.
What is the average export price for olive oil (virgin) in Croatia?
+
In 2019, the average virgin olive oil export price amounted to $7,598 per tonne, reducing by -8.5% against the previous year.
What is the average import price for olive oil (virgin) in Croatia?
+
The average virgin olive oil import price stood at $3,655 per tonne in 2019, reducing by -17.6% against the previous year.

Product coverage:
• FCL 261 - Oil of Olives, Virgin

This report provides an in-depth analysis of the virgin olive oil market in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Croatia

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Croatia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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