Croatia: Bottled Water Market 2024

Bottled Water Market Size in Croatia

For the sixth year in a row, the Croatian bottled water market recorded decline in sales value, which decreased by -3.8% to $X in 2022. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Bottled Water Production in Croatia

In value terms, bottled water production contracted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 24% against the previous year. Bottled water production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Bottled Water Exports

Exports from Croatia

Bottled water exports from Croatia reduced to X tons in 2022, with a decrease of -13% against 2021 figures. In general, exports showed a abrupt contraction. The growth pace was the most rapid in 2018 when exports increased by 548% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, bottled water exports reached $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 23%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for bottled water exports from Croatia, with a 67% share of total exports. Moreover, bottled water exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at -8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+17.2% per year) and Hungary (-4.4% per year).

In value terms, Bosnia and Herzegovina ($X), Slovenia ($X) and Hungary ($X) constituted the largest markets for bottled water exported from Croatia worldwide, with a combined 76% share of total exports.

Slovenia, with a CAGR of +6.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average bottled water export price amounted to $X per ton, with an increase of 16% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 619% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Serbia (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Bottled Water Imports

Imports into Croatia

In 2022, bottled water imports into Croatia surged to X tons, jumping by 22% against 2021 figures. Overall, imports showed a perceptible expansion. The pace of growth was the most pronounced in 2018 when imports increased by 500%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, bottled water imports rose to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Slovenia (X tons), Italy (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of bottled water imports to Croatia, together comprising 68% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +51.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bottled water suppliers to Croatia were Slovenia ($X), Austria ($X) and Italy ($X), together comprising 74% of total imports.

Italy, with a CAGR of +47.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bottled water import price stood at $X per ton in 2022, reducing by -14.6% against the previous year. In general, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 390% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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 Austria ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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