AGRICULTURAL QUARTERLY PRICE INDICES, FOURTH QUARTER OF 2023

Since 2018, agricultural quarterly price indices have been calculated on the basis of 2015 in accordance with Eurostat recommendations.

In the fourth quarter of 2023, the average producer prices of agricultural goods output increased by 34.0% compared to 2015. However, they decreased by 14.1% compared to the same quarter of 2022.

The prices of crop products output were 30.4% higher compared to 2015 and 19.4% lower compared to the same quarter of 2022.

Compared to the same period of the previous year, prices increased in all groups of crop products, except in the groups that have the largest share in crop production. The prices of cereals fell by 50.6% and the prices of industrial plants by 23.0%.

The prices of livestock, poultry, and animal products output increased by 42.7% compared to 2015 and by 0.3% compared to the same quarter of 2022.

As regards the groups of products that have the largest share in livestock production, an increase compared to the same quarter of 2022 was recorded in the prices of pigs, of 5.1%, and cattle, of 1.2%, while the prices of milk decreased, by 2.6%. The prices of poultry remained the same.

The prices of goods and services currently consumed in agriculture (input I) increased by 30.6% in the fourth quarter of 2023 compared to 2015, while they decreased by 21.1% compared to the same quarter of 2022, which was influenced by the decrease in the prices of fertilisers, animal feedingstuffs and energy.

NOTES ON METHODOLOGY

Sources and methods of data collection

The agricultural price indices for the Republic of Croatia have been calculated on the basis of the data on prices obtained through the quarterly surveys on the purchase and sale of agricultural products as well as through other surveys carried out by the Croatian Bureau of Statistics, from administrative data of the Ministry of Agriculture and from other administrative sources.

The price indices in agriculture in the Republic of Croatia have been calculated on the 2005 basis within the national Phare 2005 Programme for the first time and the methodology used has been harmonised according to Eurostat recommendations.

Since 2018, the indices have been calculated on the 2015 basis.

The structure of weights is reviewed every five years according to the Eurostat methodology for agricultural price statistics, which means that the calculation of price indices is influenced by the weight structure from the base year. The Laspeyres formula is used to calculate the price indices.

The weight structure was calculated on the basis of the share of individual products in the purchase and sale of agricultural products as well as on the basis of the value of agricultural production and intermediate consumption from the agricultural economic accounts.

Coverage

The agricultural price indices are calculated at the level of the Republic of Croatia.

Definitions

Price index of agricultural goods output includes crop and animal output (livestock, poultry and animal products).

Input I includes goods and services currently consumed in agriculture.

Goods are all products except services.

Services include the maintenance of materials (machines and materials), agricultural buildings and other services.

The survey whose data are published in this First Release has been conducted with the financial assistance of the European Union. The contents of this document are the sole responsibility of the Croatian Bureau of Statistics and can under no circumstances be regarded as reflecting the position of the European Union.

Published by the Croatian Bureau of Statistics, Zagreb, Ilica 3, P. O. B. 80
Phone: (+385 1) 48 06 111
Press corner: press@dzs.h

Persons responsible:
Suzana Šamec, Director of Macroeconomic Statistics Directorate
Lidija Brković, Director General

Prepared by:
Matej Pejković, Ivan Dujman, Mateja Ivezić and Normela Pušić

USERS ARE KINDLY REQUESTED TO STATE THE SOURCE.

Customer Relations and Data Protection Department

Information and user requests
Phone: (+385 1) 48 06 138, 48 06 154, 48 06 115
E-mail: stat.info@dzs.hr

Subscription
Phone: (+385 1) 21 00 455
E-mail: prodaja@dzs.hr