Olive Market Overview in Croatia
In value terms, olive production stood at $ in 2019 estimated in export prices. Over the period under review, production, however, posted resilient growth. The pace of growth was the most pronounced in 2015 when the production volume increased by % y-o-y. Over the period under review, production hit record highs in 2019 and is expected to retain growth in years to come.
In 2019, the average olive yield in Croatia surged to tonnes per ha, growing by % on the previous year's figure. In general, the yield, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. The olive yield peaked at tonnes per ha in 2012; however, from 2013 to 2019, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2019, the total area harvested in terms of olives production in Croatia fell modestly to ha, approximately reflecting the previous year. Over the period under review, the harvested area, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of % year-to-year. Over the period under review, the harvested area dedicated to olive production attained the maximum at ha in 2015; however, from 2016 to 2019, the harvested area remained at a lower figure.
The revenue of the olive market in Croatia soared to $ in 2019, increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2015 with an increase of % against the previous year. Over the period under review, the market reached the peak level in 2019 and is likely to see gradual growth in the near future.