Cereal pellets market in Croatia

Earlier Report Observations

The Croatian cereal pellets market size declined sharply in 2019, falling to 2 207 thousand US dollars from 3 200 thousand US dollars in 2018. This was followed by a year of relative stability in 2020, with the market remaining at a similar level of 2 192 thousand US dollars.

A sustained period of expansion began in 2021, as the market grew to 2 924 thousand US dollars. Growth accelerated in the following years, with the market reaching 3 752 thousand US dollars in 2022 and then surging by over 60% to 6 125 thousand US dollars in 2023. The upward trend continued in 2024, with the market size increasing to 7 198 thousand US dollars.

This market growth was supported by a substantial rise in domestic production, which increased from 2 227 thousand US dollars in 2020 to 7 184 thousand US dollars in 2024. Over the same period, imports and exports played a minor role, with imports remaining low and exports negligible, indicating that the market was primarily supplied by local production.

Production cereal pellets in Croatia

In value, 2017-2020, K $ US

In 2020, Croatia's output of cereal pellets was valued at 2 227 thousand US dollars, marking a 2.1% increase compared to 2019. Over the period from 2017 to 2020, production decreased by 12.8%, which translates to an annualized decline of 4.5%. The lowest value was recorded in 2019 at 2 181 thousand US dollars, while the peak occurred in 2018 at 3 237 thousand US dollars. The most significant drop was observed in 2019, with a 32.6% decrease, whereas the largest rise took place in 2018, with a 26.7% increase.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

In kind, 2017-2020, t

In 2020, Croatia produced 249.0 tonnes of cereal pellets, showing little change from the previous year. From 2017 to 2020, production fell by 42.8%, corresponding to a compound annual growth rate of -17.0%. The minimum output was recorded in 2019 at 248.0 tonnes, while the maximum was in 2018 at 446.0 tonnes. The steepest decline occurred in 2019, with a 44.4% drop, and the largest increase was in 2018, with a 2.5% rise.

Annual dynamics of production in Croatia in kind, 2017-2020, t

Exports cereal pellets from Croatia

Exports in kind, t

In 2020, Croatia's cross-border shipments of cereal pellets totaled 74.7 tonnes, representing a 23.8% increase compared to the prior year. Between 2017 and 2020, exports grew by 109%, with a compound annual growth rate of 27.9%. The most notable decrease was recorded in 2019 at 0.2%, while the largest surge occurred in 2018 with a 69.2% jump.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, t

From 2017 to 2020, the United States and Canada together accounted for 99.6% of Croatia's total exports of cereal pellets in volume terms, highlighting a highly concentrated market.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Croatia in kind, 2017-2020

Exports in value, $ US

In 2020, Croatia exported cereal pellets worth 74 713 US dollars, reflecting a 24.3% year-over-year advance. Over the 2017-2020 period, exports increased by 82.3%, equating to an annualized growth rate of 22.2%. The most significant decline was in 2019 at 8.9%, while the largest increase was in 2018 at 61.0%.

Annual dynamics of product's exports from Croatia in value, 2017-2020, $ US

Throughout 2017-2020, two key markets—the United States and Canada—dominated Croatia's exports in value terms, together making up 99.8% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Croatia in value, 2017-2020

Imports cereal pellets to Croatia

Imports in kind, t

The market displayed an unstable trend over the timeframe. Croatia imported approximately 21.3 tonnes of cereal pellets in 2020, which corresponds to a sharp decline of 51.9% year-over-year. Import volumes varied 11.6 times from the high in 2017 to the low in 2020. The largest decrease was recorded in 2018 at 90.2%, while the most substantial increase occurred in 2019 at 81.9%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, t

From 2017 to 2020, Hungary was the primary supplier of cereal pellets to Croatia, capturing 73.4% of total imports in volume terms, with other partners holding relatively modest shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Croatia in kind, 2017-2020

Imports in value, $ US

The market exhibited an unstable trend throughout the period. In 2020, Croatia's import volumes of cereal pellets amounted to 40 415 US dollars, down by 52.7% compared to the previous year. Import levels fluctuated 2.9 times between the low of 2018 at 29 122 US dollars and the high of 2019 at 85 508 US dollars. The largest increase was recorded in 2019 at 193.6%.

Annual dynamics of product's imports to Croatia in value, 2017-2020, $ US

During 2017-2020, Germany absorbed 72.4% of Croatia's total imports of cereal pellets in value terms, with the remainder distributed among a wide range of smaller destinations.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Croatia in value, 2017-2020