Croatia: Rice Market 2024

Rice Market Size in Croatia

In 2023, the Croatian rice market increased by X% to $X, rising for the fourth consecutive year after two years of decline. Overall, the total consumption indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Rice Exports

Exports from Croatia

In 2023, overseas shipments of rice were finally on the rise to reach X tons after three years of decline. In general, exports, however, showed a slight setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, rice exports soared to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X tons), Montenegro (X tons) and Germany (X tons) were the main destinations of rice exports from Croatia, together comprising X% of total exports. Slovenia, Sweden, India, the Czech Republic, Austria, Hungary and Serbia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rice exported from Croatia were Bosnia and Herzegovina ($X), Montenegro ($X) and Slovenia ($X), with a combined X% share of total exports. Sweden, Germany, Austria, Hungary, the Czech Republic, India and Serbia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Sweden, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the average rice export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price saw a mild expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to India ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rice Imports

Imports into Croatia

For the fifth year in a row, Croatia recorded growth in overseas purchases of rice, which increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2023 and are likely to see gradual growth in years to come.

In value terms, rice imports soared to $X in 2023. In general, total imports indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Italy (X tons) constituted the largest supplier of rice to Croatia, accounting for a X% share of total imports. Moreover, rice imports from Italy exceeded the figures recorded by the second-largest supplier, Myanmar (X tons), twofold. The third position in this ranking was held by Slovenia (X tons), with an X% share.

From 2012 to 2023, 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: Myanmar (X% per year) and Slovenia (X% per year).

In value terms, Italy ($X) constituted the largest supplier of rice to Croatia, comprising X% of total imports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total imports. It was followed by Myanmar, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Myanmar (X% per year).

Import Prices by Country

The average rice import price stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price reached 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 Italy ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform