Croatia: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in Croatia

In 2022, after four years of growth, there was significant decline in the Croatian chocolate and confectionery market, when its value decreased by X% to $X. Over the period under review, consumption, however, saw a relatively flat trend pattern. Chocolate and confectionery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Chocolate And Confectionery Production in Croatia

In value terms, chocolate and confectionery production expanded slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Chocolate And Confectionery Exports

Exports from Croatia

In 2022, the amount of chocolate and confectionery exported from Croatia reached X tons, surging by X% on the previous year. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, chocolate and confectionery exports totaled $X in 2022. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Slovenia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of chocolate and confectionery exports from Croatia, with a combined X% share of total exports. Serbia, North Macedonia, Montenegro, Spain, the Netherlands, Austria, Bulgaria and Kosovo lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for chocolate and confectionery exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, showed a modest expansion. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate And Confectionery Imports

Imports into Croatia

For the sixth year in a row, Croatia recorded growth in purchases abroad of chocolate and confectionery, which increased by X% to X tons in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, chocolate and confectionery imports reached $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Austria (X tons) and Serbia (X tons) were the main suppliers of chocolate and confectionery imports to Croatia, with a combined X% share of total imports. Poland, Italy, France, the Netherlands, Slovenia, Belgium, Turkey, Hungary, Spain and Slovakia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of chocolate and confectionery to Croatia, comprising X% of total imports. The second position in the ranking was held by Austria ($X), with a X% share of total imports. It was followed by Serbia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Serbia (X% per year).

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, dropping by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :