Olive oil and fractions market in Croatia

Earlier Report Observations

Between 2018 and 2022, the Croatian olive oil market volume in physical terms grew consistently from 4 145 tons to nearly 6 000 tons, peaking in 2022. However, the market value in monetary terms declined in 2019 and 2020 before rising sharply from 2021 onward, suggesting a shift in price levels or product mix toward higher-value segments.

A notable contraction in market volume to 4 238 tons occurred in 2023, while the market value continued to increase, reflecting stronger consumer preference for premium categories. In 2024, volume recovered to 4 703 tons and value surged to 39 million USD, supported by the dominance of extra virgin olive oil, increased demand for organic products, and the introduction of new premium offerings from major producers like Bertolli.

Growing health awareness regarding olive oil's benefits and increased production within the EU further bolstered the market, particularly in 2024 when the market value rose by 40% compared to the previous year.

Production olive oil and fractions in Croatia

In value, 2017-2020, K $ US

The data reveals irregular changes, indicating a volatile market environment. The lowest value was recorded in 2020, while the highest occurred in 2017, with a peak-to-trough ratio of 3.5 times. In 2020, output of olive oil and fractions was valued at 2 396 K $ US in Croatia, down by 41.5% compared with 2019. The largest decline was recorded in 2018 at 53.7%, while the largest increase was recorded in 2019 at 6.6%.

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

In kind, 2017-2020, t

There were noticeable fluctuations in market performance during the period. The lowest volume was registered in 2018, while the highest occurred in 2017, with a peak-to-trough ratio of 3.5 times. In 2020, 370 t of olive oil and fractions were produced in Croatia, corresponding to an intense decrease of 40.5% compared to 2019. The minimum value was recorded in 2018 at 333 t. The largest decline was recorded in 2018 at 71.1%, while the largest increase was recorded in 2019 at 86.8%.

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

Exports olive oil and fractions from Croatia

Exports in kind, t

Croatia's olive oil and fractions exports increased for the second consecutive year. In 2020, exports came to 294 t, remaining broadly stable compared to 2019. Between 2017 and 2020, exports decreased by 19.4%, equating to a 6.9% annualized rate. The minimum value was recorded in 2018 at 289 t. The largest decline was recorded in 2018 at 20.7%, while the largest increase was recorded in 2019 at 1.4%.

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

In 2017–2020, Bosnia and Herzegovina (36.1% of exports in kind), Slovenia (29.6% of exports in kind), and Italy (11.2% of exports in kind) were the principal destinations for exports in kind, jointly accounting for 77.0% of total flows.

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, K $ US

Exported olive oil and fractions volumes from Croatia declined for the third consecutive year. Croatia exported 2 312 K $ US of olive oil and fractions in 2020, which is 20.5% less relative to the prior year. Over the period 2017-2020, exports decreased by 36.3%, with a CAGR of 14.0%.

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

Over 2017–2020, Slovenia (25.1% of exports in value terms), Bosnia and Herzegovina (19.6% of exports in value terms), and Italy (19.5% of exports in value terms) stood out as the main markets for exports in value terms, together representing 64.3% 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 olive oil and fractions to Croatia

Imports in kind, t

Olive oil and fractions volumes imported by Croatia increased for the third consecutive year. Croatia imported approximately 4 829 t of olive oil and fractions in 2020, which is 7.9% greater compared to 2019. Between 2017 and 2020, imports increased by 45.3%, equating to a 13.3% annualized rate.

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

Throughout 2017–2020, Spain and Italy remained the principal directions for imports in kind, jointly taking 89.6% of total flows; other partners each accounted for significantly smaller 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, K $ US

Foreign olive oil and fractions supplies to Croatia declined for the second consecutive year. In 2020, imports amounted to 15 463 K $ US, down by 5.2% compared to 2019. Between 2017 and 2020, imports decreased by 3.4%, equating to a 1.1% annualized rate. The maximum value was recorded in 2018 at 18 138 K $ US. The largest decline was recorded in 2019 at 10.1%, while the largest increase was recorded in 2018 at 13.3%.

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

Over 2017–2020, Italy and Spain were the dominant suppliers of olive oil and fractions to Croatia, together taking 88.2% of total imports in value terms, with other destinations each accounting for relatively small shares.

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

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