Rennet and concentrates market in Croatia

Earlier Report Observations

The market for rennet and concentrates in Croatia showed significant volatility in physical volume between 2018 and 2024. Consumption started at 10 347 kg in 2018, dipped to 8 968 kg in 2019, then surged to a peak of 12 190 kg in 2020. A sharp contraction followed, bringing the market down to 6 219 kg in 2022, before a recovery began, reaching 8 037 kg by 2024.

In value terms, the market experienced even wider swings, with the market value peaking at 395.5 thousand USD in 2020, more than double its 2018 level of 237.9 thousand USD. The downturn in 2022 reduced the market value to 149.9 thousand USD, but it subsequently recovered to 256.5 thousand USD in 2024.

The overall market size movements were mirrored by shifts in domestic production, which declined notably after 2021, and import volumes, which varied considerably—most notably with a large spike in 2020 and a sharp drop in 2022.

Production rennet and concentrates in Croatia

In value, 2017-2020, $ US

After a two-year decline, rennet and concentrates production in Croatia has shown signs of recovery. In 2020, output was valued at 45 802 US dollars, marking a slight increase of 1.4% compared to the previous year. However, looking at the broader period from 2017 to 2020, production actually decreased by 16.5%, with an average annual decline of 5.8%. The lowest point was recorded in 2019 at 45 159 US dollars, which also saw the largest decline of 12.4% during this timeframe.

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

In kind, 2017-2020, kg

Following a two-year downward trend, rennet and concentrates production in Croatia has begun to rise again. In 2020, Croatia produced 3 496 kilograms of rennet and concentrates, representing a modest increase of 1.2% from the year before. Over the period from 2017 to 2020, overall production decreased by 14.6%, which translates to an average annual decline of 5.1%. The lowest production level was observed in 2019 at 3 456 kilograms, while the most significant drop occurred in 2018 with a decline of 10.1%.

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

Exports rennet and concentrates from Croatia

Exports in kind, kg

The market performance for rennet and concentrates exports from Croatia showed notable fluctuations during this period. Exports reached their lowest point in 2020 at just 16 kilograms, which represented an 85.6% decline compared to the previous year. In contrast, exports peaked in 2019, with a 6.9-fold difference between the highest and lowest years.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, kg

From 2017 to 2020, Croatia's exports of rennet and concentrates in kind were heavily concentrated, with Bosnia and Herzegovina accounting for 95.7% of the total 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 rennet and concentrates exports in value terms saw significant growth in 2020, reaching 1.2 thousand US dollars, which is a 146.1% increase compared to the previous year. Over the period from 2017 to 2020, exports increased by 214.6%, with an average annual growth rate of 46.5%.

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

Between 2017 and 2020, Croatia's rennet and concentrates exports in value terms were dominated by two key markets: Bosnia and Herzegovina and Serbia. Together, these two countries accounted for 99.5% of the 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 rennet and concentrates to Croatia

Imports in kind, kg

Croatia's imports of rennet and concentrates in kind continued to grow in 2020, reaching 8 709 kilograms, which represents a 55.0% increase from the previous year. Over the period from 2017 to 2020, imports increased by 109.2%, with an average annual growth rate of 27.9%. The largest decline was recorded in 2019 at 15.7%, while the most significant increase occurred in 2018 with a rise of 60.2%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, kg

From 2017 to 2020, Denmark and Germany were the primary sources for Croatia's imports of rennet and concentrates in kind, jointly accounting for 98.9% of the total volume. Other trading partners played a much smaller role individually.

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 rennet and concentrates in value terms have increased for the third consecutive year. In 2020, imports totaled 350.8 thousand US dollars, marking a 63.9% rise from the previous year. Over the period from 2017 to 2020, imports grew by 217.9%, with an average annual growth rate of 47.0%.

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

Between 2017 and 2020, the geographical distribution of Croatia's rennet and concentrates imports in value terms was characterized by a strong dominance of Denmark, which accounted for 76.7% of the total. Other partners held relatively minor shares in comparison.

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

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