Croatia: Olive Market Overview 2021

Olive Market Size in Croatia

In 2019, the Croatian olive market decreased by -X% to $X, falling for the third consecutive year after five years of growth. In general, the total consumption indicated a prominent expansion from 2012 to 2019: its value decreased at an average annual rate of -X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2015 when the market value increased by X% year-to-year. Olive consumption peaked at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Olive Production in Croatia

In value terms, olive production dropped to $X in 2019 estimated in export prices. Over the period under review, production recorded a strong increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2019, production remained at a lower figure.

In 2019, the average yield of olives in Croatia dropped modestly to X tonnes per ha, waning by -X% compared with the previous year's figure. Overall, the yield saw a perceptible downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The olive yield peaked at X tonnes per ha in 2013; however, from 2014 to 2019, 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 2019, the total area harvested in terms of olives production in Croatia rose to X ha, growing by X% on the previous year's figure. Overall, the harvested area saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The olive harvested area peaked in 2019 and is likely to continue growth in years to come.

Olive Exports

Exports from Croatia

Olive exports from Croatia skyrocketed to X tonnes in 2019, growing by X% compared with the previous year. In general, exports continue to indicate a significant increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, olive exports soared to $X in 2019. Over the period under review, exports enjoyed significant growth. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tonnes) and Slovenia (X tonnes) were the main destinations of olive exports from Croatia, together comprising X% of total exports.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (+X% per year).

From 2012 to 2019, the average annual rate of growth in terms of value to Slovenia totaled +X%.

Export Prices by Country

The average olive export price stood at $X per tonne in 2019, dropping by -X% against the previous year. In general, the export price, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2016 to 2019, the growth in terms of the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Slovenia ($X per tonne), while the average price for exports to Italy totaled $X per tonne.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia.

Olive Imports

Imports into Croatia

In 2019, supplies from abroad of olives increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Imports peaked in 2019 and are likely to see gradual growth in the near future.

In value terms, olive imports soared to $X in 2019. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, Italy (X tonnes) was the main supplier of olive to Croatia, with a X% share of total imports. It was followed by Germany (X kg), with a X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Greece (X% per year).

In value terms, Italy ($X) constituted the largest supplier of olive to Croatia, comprising X% of total imports. The second position in the ranking was occupied by Greece ($X), with a X% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of value from Italy totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Germany (-X% per year).

Import Prices by Country

The average olive import price stood at $X per tonne in 2019, dropping by -X% against the previous year. Overall, the import price saw a pronounced descent. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per tonne in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Greece ($X per tonne), while the price for Italy ($X per tonne) was amongst the lowest.

From 2012 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 olives in the world?

+

The country with the largest volume of olive consumption was Spain (10M tonnes), accounting for 43% of total volume. Moreover, olive consumption in Spain exceeded the figures recorded by the second-largest consumer, Greece (3M tonnes), threefold. The third position in this ranking was occupied by Italy (1.8M tonnes), with a 7.6% share.

What are the largest producers of olives in the world?

+

The country with the largest volume of olive production was Spain (10M tonnes), comprising approx. 43% of total volume. Moreover, olive production in Spain exceeded the figures recorded by the second-largest producer, Greece (3M tonnes), threefold. The third position in this ranking was occupied by Italy (1.8M tonnes), with a 7.5% share.

What are the leading suppliers of olives to Croatia?

+

In value terms, Italy ($24K) constituted the largest supplier of olive to Croatia, comprising 94% of total imports. The second position in the ranking was occupied by Greece ($959), with a 3.7% share of total imports.

What is the average export price for olives in Croatia?

+

The average olive export price stood at $3,634 per tonne in 2019, with a decrease of -2.1% against the previous year.

What is the average import price for olives in Croatia?

+

The average olive import price stood at $2,179 per tonne in 2019, which is down by -49.4% against the previous year.