Croatia - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights

Croatia: Vitamin Market Overview 2020

Vitamin Market Size in Croatia

The revenue of the vitamin market in Croatia amounted to $X in 2018, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, vitamin consumption continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2009 when the market value increased by X% year-to-year. In that year, the vitamin market attained its peak level of $X. From 2010 to 2018, the growth of the vitamin market remained at a lower figure.

Vitamin Exports

Exports from Croatia

In 2018, the vitamin exports from Croatia stood at X tonnes, going up by X% against the previous year. Overall, vitamin exports, however, continue to indicate a slight setback. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Exports peaked at X tonnes in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, vitamin exports stood at $X in 2018. Over the period under review, vitamin exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, vitamin exports reached their maximum at $X in 2016; however, from 2017 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tonnes), Bosnia and Herzegovina (X tonnes) and Serbia (X tonnes) were the main destinations of vitamin exports from Croatia, together comprising X% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by Slovenia (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for vitamin exported from Croatia were Slovenia ($X), Serbia ($X) and Romania ($X), with a combined X% share of total exports.

Slovenia (+X% per year) experienced the highest growth rate of exports, in terms of the main countries of destination over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vitamin export price stood at $X per tonne in 2018, declining by -X% against the previous year. Overall, the vitamin export price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2008 when the average export price increased by X% y-o-y. Over the period under review, the average export prices for provitamins and vitamins reached their peak figure at $X per tonne in 2014; however, from 2015 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Romania ($X per tonne), while the average price for exports to Azerbaijan ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Serbia, while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Croatia

In 2018, the amount of provitamins and vitamins imported into Croatia amounted to X tonnes, increasing by X% against the previous year. Overall, vitamin imports, however, continue to indicate a deep drop. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, vitamin imports reached their maximum at X tonnes in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, vitamin imports amounted to $X in 2018. In general, the total imports indicated a pronounced increase from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vitamin imports increased by +X% against 2014 indices. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Imports peaked at $X in 2009; however, from 2010 to 2018, imports failed to regain their momentum.

Imports by Country

Slovenia (X tonnes), the Netherlands (X tonnes) and China (X tonnes) were the main suppliers of vitamin imports to Croatia, with a combined X% share of total imports. Poland, Germany, the U.S. and Taiwan, Chinese lagged somewhat behind, together accounting for a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Poland, while the other leaders experienced more modest paces of growth.

In value terms, the largest vitamin suppliers to Croatia were the Netherlands ($X), Slovenia ($X) and Germany ($X), with a combined X% share of total imports. The U.S., Poland, China and Taiwan, Chinese lagged somewhat behind, together comprising a further X terms of the main suppliers, Taiwan, Chinese recorded the highest rates of growth with regard to imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average vitamin import price stood at $X per tonne in 2018, picking up by X% against the previous year. In general, the import price indicated a remarkable expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, vitamin import price increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. In that year, the average import prices for provitamins and vitamins attained their peak level of $X per tonne; afterwards, it flattened through to 2018.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform