Croatia: Rapeseed Oil Market 2024

Rapeseed Oil Market Size in Croatia

The Croatian rapeseed oil market expanded notably to $X in 2022, with an increase of X% against the previous year. Overall, consumption continues to indicate a dramatic curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Rapeseed Oil Production in Croatia

In value terms, rapeseed oil production shrank dramatically to $X in 2022 estimated in export price. In general, production, however, showed a prominent increase. The growth pace was the most rapid in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Rapeseed Oil Exports

Exports from Croatia

In 2022, approx. X tons of rapeseed oil were exported from Croatia; with a decrease of X% compared with 2021. In general, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank sharply in the following year.

In value terms, rapeseed oil exports dropped sharply to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Austria (X tons) was the main destination for rapeseed oil exports from Croatia, with a X% share of total exports. Moreover, rapeseed oil exports to Austria exceeded the volume sent to the second major destination, Slovenia (X tons), more than tenfold. The third position in this ranking was held by Italy (X tons), with a X% share.

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

In value terms, Austria ($X) remains the key foreign market for rapeseed oil exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Slovenia ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

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

Export Prices by Country

The average rapeseed oil export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price continues to indicate slight growth. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovenia ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Hungary ($X per ton) and Italy ($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 the Czech Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rapeseed Oil Imports

Imports into Croatia

In 2022, after two years of growth, there was significant decline in overseas purchases of rapeseed oil, when their volume decreased by X% to X tons. In general, imports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, rapeseed oil imports declined significantly to $X in 2022. Over the period under review, imports showed a dramatic slump. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Hungary (X tons), Serbia (X tons) and Slovenia (X tons) were the main suppliers of rapeseed oil imports to Croatia, with a combined X% share of total imports. The UK, the Czech Republic, Bosnia and Herzegovina and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Hungary ($X), Slovenia ($X) and Serbia ($X) appeared to be the largest rapeseed oil suppliers to Croatia, together accounting for X% of total imports. The UK, the Czech Republic, Germany and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the UK, with a CAGR of X%, saw 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

The average rapeseed oil import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price 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, rapeseed oil import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Serbia ($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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