Croatia: Vitamin Market Overview 2021

Vitamin Market Size in Croatia

The Croatian vitamin market soared to $X in 2020, growing by X% against the previous year. In general, the total consumption indicated a noticeable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2009; however, from 2010 to 2020, consumption stood at a somewhat lower figure.

Vitamin Production in Croatia

In value terms, vitamin production reduced to $X in 2020 estimated in export prices. Overall, production recorded a deep contraction. The most prominent rate of growth was recorded in 2011 when the production volume decreased by -X% y-o-y. Vitamin production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Vitamin Exports

Exports from Croatia

Vitamin exports from Croatia fell rapidly to X tonnes in 2020, waning by -X% compared with 2019 figures. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at X tonnes in 2014; however, from 2015 to 2020, exports failed to regain the momentum.

In value terms, vitamin exports dropped remarkably to $X in 2020. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. As a result, exports attained the peak of $X. From 2015 to 2020, the growth exports remained at a lower figure.

Exports by Country

Slovenia (X tonnes), Bosnia and Herzegovina (X tonnes) and Hungary (X tonnes) were the main destinations of vitamin exports from Croatia, with a combined X% share of total exports. These countries were followed by Serbia, Macedonia, the U.S. and Poland, which together accounted for a further X 2007 to 2020, the biggest increases were in Poland (+X% per year), while shipments for 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 Bosnia and Herzegovina ($X), together accounting for X% of total exports. These countries were followed by Hungary, Macedonia, the U.S. and Poland, which together accounted for a further X the main countries of destination, Poland (+X% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average vitamin export price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Macedonia ($X per tonne), while the average price for exports to Hungary ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Macedonia, while the prices for the other major destinations experienced more modest paces of growth.

Vitamin Imports

Imports into Croatia

In 2020, purchases abroad of provitamins and vitamins increased by X% to X tonnes for the first time since 2017, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in years to come.

In value terms, vitamin imports rose significantly to $X in 2020. Over the period under review, total imports indicated perceptible growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Imports peaked at $X in 2009; however, from 2010 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Slovenia (X tonnes), the Netherlands (X tonnes) and Germany (X tonnes) were the main suppliers of vitamin imports to Croatia, with a combined X% share of total imports. These countries were followed by Poland, Italy, China and Hungary, which together accounted for a further X 2007 to 2020, the biggest increases were in Poland (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Slovenia ($X) and Germany ($X) were the largest vitamin suppliers to Croatia, together comprising X% of total imports. These countries were followed by Poland, China, Italy and Hungary, which together accounted for a further X the main suppliers, Poland saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average vitamin import price amounted to $X per tonne, shrinking by -X% against the previous year. Overall, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2017 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for provitamins and vitamins in the world?

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The countries with the highest volumes of vitamin consumption in 2020 were India (537K tonnes), China (273K tonnes) and the U.S. (90K tonnes), with a combined 55% share of global consumption. These countries were followed by Canada, Germany, Japan, the UK, Mexico and Italy, which together accounted for a further 20%.

What are the largest producers of provitamins and vitamins in the world?

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The countries with the highest volumes of vitamin production in 2020 were China (599K tonnes), India (546K tonnes) and Canada (57K tonnes), together accounting for 76% of global production. Mexico, Japan, Germany, the UK and Switzerland lagged somewhat behind, together comprising a further 12%.

What are the leading suppliers of provitamins and vitamins to Croatia?

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In value terms, the largest vitamin suppliers to Croatia were the Netherlands ($2.1M), Slovenia ($1.3M) and Germany ($1.3M), with a combined 68% share of total imports. These countries were followed by Poland, China, Italy and Hungary, which together accounted for a further 17%.

What are the leading importers of provitamins and vitamins from Croatia?

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In value terms, the largest markets for vitamin exported from Croatia were Slovenia ($258K), Serbia ($144K) and Bosnia and Herzegovina ($107K), with a combined 75% share of total exports. These countries were followed by Hungary, Macedonia, the U.S. and Poland, which together accounted for a further 22%.

What is the average export price for provitamins and vitamins in Croatia?

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The average vitamin export price stood at $13,432 per tonne in 2020, shrinking by -32.5% against the previous year.

What is the average import price for provitamins and vitamins in Croatia?

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In 2020, the average vitamin import price amounted to $11,009 per tonne, which is down by -4.8% against the previous year.