Soybean oil and fractions market in Croatia

Earlier Report Observations

Croatia's soybean oil market volume showed significant volatility between 2018 and 2023. Starting at 10,118 tons in 2018, consumption dropped sharply to 7,094 tons the following year, indicating a major contraction.

A strong recovery emerged in 2021, with the market expanding to 10,586 tons, and it remained stable at 10,715 tons in 2022. However, this upward trend reversed in 2023, as consumption fell again to 7,541 tons, bringing the market back to levels similar to those after the initial decline.

Production soybean oil and fractions in Croatia

In kind, 2017-2020, t

Top producers of soybean oil and fractions, 2017-2020

World map of production of soybean oil and fractions, 2017-2020

The market displayed significant volatility during this period. Production reached its lowest point in 2017 and peaked in 2020, with a {ampRatio}-fold difference between these years. In 2020, Croatia produced 8 700 tons of soybean oil and fractions, representing a 13.0% increase compared to the previous year. The largest decline occurred in 2019, at 6.1%.

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

In value, 2017-2020, K $ US

The market exhibited notable volatility throughout the observed timeframe. Production was at its lowest in 2017 and highest in 2018, showing a {ampRatio}-fold gap. In 2020, the output of soybean oil and fractions in Croatia was valued at 6 800 thousand US dollars, marking a substantial increase of 19.5% from the previous year. The peak value was recorded in 2018 at 7 100 thousand US dollars, while the largest decline occurred in 2019, at 19.8%.

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

Exports soybean oil and fractions from Croatia

Exports in kind, t

The market experienced considerable volatility during these years. Exports were at their lowest in 2018 and reached their highest point in 2020, varying by 4.1 times between these periods. In 2020, Croatia exported 8 403 tons of soybean oil and fractions, reflecting a 30.0% rise from the year before. The minimum volume was recorded in 2018 at 2 066 tons. The largest decline occurred in 2018, at 48.0%, while the largest increase was in 2019, at 213.0%.

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

From 2017 to 2020, Poland, Slovenia, and Slovakia were the key partners for Croatia's exports in kind, accounting for 74.4% of total flows. Poland led with 47.2% of exports, followed by Slovenia at 18.7%, and Slovakia at 8.5%.

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

The market showed an unstable trend over this period. Exports were lowest in 2018 and highest in 2020, with a 3.7-fold variation. In 2020, Croatia exported 6 568 thousand US dollars worth of soybean oil and fractions, indicating a sharp increase of 37.4% compared to the prior year. The minimum value was recorded in 2018 at 1 788 thousand US dollars. The largest decline occurred in 2018, at 48.2%, while the largest increase was in 2019, at 167.3%.

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

Between 2017 and 2020, Poland, Slovenia, and Slovakia were the top buyers of soybean oil and fractions from Croatia in value terms, together making up 76.0% of total exports. Poland accounted for 47.4% of exports, Slovenia for 20.3%, and Slovakia for 8.3%.

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

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

Imports soybean oil and fractions to Croatia

Imports in kind, t

Soybean oil and fractions deliveries to Croatia increased for the second consecutive year. In 2020, import volume stood at 6 654 tons, showing a robust improvement of 13.6% year-over-year. From 2017 to 2020, imports grew by 39.4%, equivalent to an annualized rate of 11.7%. The minimum value was recorded in 2018 at 3 984 tons. The largest decline occurred in 2018, at 16.6%, while the largest increase was in 2019, at 47.1%.

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

From 2017 to 2020, Serbia, Slovenia, and Germany consistently held leading positions in Croatia's import structure in kind, jointly accounting for 87.6% of total flows. Serbia led with 45.1% of imports, followed by Slovenia at 32.3%, and Germany at 10.3%.

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

Soybean oil and fractions deliveries to Croatia increased for the third consecutive year. In 2020, imports stood at 5 401 thousand US dollars, which is 23.8% higher compared to 2019. Over the period from 2017 to 2020, imports rose by 74.1%, with a compound annual growth rate of 20.3%.

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

Between 2017 and 2020, Serbia, Slovenia, and Germany consistently occupied top positions in Croatia's import structure in value terms, together making up 83.0% of total flows. Serbia accounted for 35.8% of imports, Slovenia for 35.5%, and Germany for 11.6%.

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

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