Croatia: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in Croatia

In 2023, the Croatian fresh or chilled anchovies market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2023, consumption failed to regain momentum.

Production of Fresh Or Chilled Anchovies in Croatia

In value terms, fresh or chilled anchovies production stood at $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Exports of Fresh Or Chilled Anchovies

Exports from Croatia

In 2023, overseas shipments of fresh or chilled anchovieses decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2022, and then fell in the following year.

In value terms, fresh or chilled anchovies exports rose rapidly to $X in 2023. Overall, total exports indicated a noticeable expansion from 2012 to 2023: its value 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 2023 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

Albania (X tons), Italy (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of fresh or chilled anchovies exports from Croatia, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Albania (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Albania ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for fresh or chilled anchovies exported from Croatia worldwide, with a combined X% share of total exports.

Albania, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average fresh or chilled anchovies export price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh Or Chilled Anchovies

Imports into Croatia

In 2023, overseas purchases of fresh or chilled anchovieses decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports fell sharply to $X in 2023. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Italy (X tons) constituted the largest fresh or chilled anchovies supplier to Croatia, accounting for a X% share of total imports. Moreover, fresh or chilled anchovies imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold.

From 2012 to 2023, the average annual growth rate of volume from Italy amounted to X%.

In value terms, the largest fresh or chilled anchovies suppliers to Croatia were Italy ($X) and Spain ($X).

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2023, the average fresh or chilled anchovies import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%).

Source: IndexBox Platform