Olive oils and other oils obtained solely from olives market in Croatia

Earlier Report Observations

The volume of the olive oil market in Croatia increased from 4.3 thousand tons in 2018 to 5.5 thousand tons in 2021. This growth was led by a surge to 5.1 thousand tons in 2019, followed by a slight contraction to 5.0 thousand tons in 2020 and a recovery to 5.5 thousand tons in 2021.

In value terms, the market exhibited a different pattern: after declining from 19.3 million USD in 2018 to 15.8 million USD in 2020, it rebounded sharply to 21.9 million USD in 2021. The divergence between volume and value movements suggests shifts in average prices or changes in the product mix within the market.

Production olive oils and other oils obtained solely from olives in Croatia

In value, 2017-2020, K $ US

The market showed significant fluctuations during this period. From 2017 to 2020, the difference between the highest and lowest points was 3.2 times. In Croatia, the value of olive oil and other oils obtained solely from olives reached 2 596 thousand US dollars in 2020, representing a sharp year-over-year decline of 41.8%. The largest decrease occurred in 2018 at 53.7%, while the largest increase was recorded in 2019 at 16.1%.

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

In kind, 2017-2020, t

Market performance exhibited notable fluctuations during this period. Production peaked in 2017 and reached its lowest point in 2018, with a 3.5-fold difference between these years. In 2020, Croatia produced 392 tonnes of olive oil and other oils obtained solely from olives, marking a 39.7% drop compared to 2019. The minimum volume was recorded in 2018 at 333 tonnes. The largest decline occurred in 2018 at 71.1%, while the largest increase was seen in 2019 at 95.2%.

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

Exports olive oils and other oils obtained solely from olives from Croatia

Exports in kind, t

Croatia's exports of olive oil and other oils obtained solely from olives declined for the third consecutive year. In 2020, export volume stood at 326 tonnes, down 8.0% from 2019. Between 2017 and 2020, exports decreased by 21.8%, equivalent to an annualized rate of 7.9%.

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

From 2017 to 2020, Bosnia and Herzegovina (44.1% of exports in volume), Slovenia (25.8% of exports in volume), and Italy (9.3% of exports in volume) were the top buyers of Croatian olive oil and other oils obtained solely from olives. Together, they accounted for 79.2% of total export volume.

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

Croatia's exports of olive oil and other oils obtained solely from olives declined for the third year in a row. In 2020, exports reached 2 607 thousand US dollars, showing a significant 18.5% decrease compared to 2019. Over the 2017-2020 period, exports fell by 32.7%, with a compound annual growth rate of -12.3%.

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

Between 2017 and 2020, Slovenia (24.1% of export value), Bosnia and Herzegovina (22.4% of export value), and Italy (17.7% of export value) formed the main group of markets for Croatian olive oil and other oils obtained solely from olives in value terms. Their combined share represented 64.2% of total export value.

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 oils and other oils obtained solely from olives to Croatia

Imports in kind, t

Croatia's imports of olive oil and other oils obtained solely from olives increased for the third consecutive year. In 2020, imports totaled 4 931 tonnes, up 3.5% from the previous year. Over the 2017-2020 period, imports grew by 39.8%, with a compound annual growth rate of 11.8%.

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

From 2017 to 2020, Spain and Italy were the primary suppliers of olive oil and other oils obtained solely from olives to Croatia, together accounting for 89.6% of total import volume. Other countries made up the remainder.

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

Croatia's imports of olive oil and other oils obtained solely from olives declined for the second consecutive year. In 2020, imports reached 15 782 thousand US dollars, reflecting a modest 7.9% reduction compared to the previous year. Over the 2017-2020 period, imports decreased by 6.5%, with a compound annual growth rate of -2.2%. The highest value was recorded in 2018 at 19 004 thousand US dollars. The largest decline occurred in 2019 at 9.8%, while the largest increase was seen in 2018 at 12.6%.

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

Between 2017 and 2020, Italy and Spain accounted for the majority of Croatia's imports of olive oil and other oils obtained solely from olives in value terms, while other markets played a smaller role.

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

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