Croatia: Canned Vegetable Market 2024

Canned Vegetable Market Size in Croatia

The Croatian canned vegetable market soared to $X in 2022, rising by 28% 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). In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.6% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Canned Vegetable Exports

Exports from Croatia

In 2022, canned vegetable exports from Croatia expanded markedly to X tons, growing by 5.1% compared with the year before. In general, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 45%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, canned vegetable exports stood at $X in 2022. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 40% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

Slovenia (X tons), Serbia (X tons) and Hungary (X tons) were the main destinations of canned vegetable exports from Croatia, together accounting for 51% of total exports. Bosnia and Herzegovina, Germany, Sweden, Austria, Poland, the Czech Republic, Montenegro, the United States and North Macedonia lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +31.8%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Serbia ($X) and Hungary ($X) were the largest markets for canned vegetable exported from Croatia worldwide, with a combined 54% share of total exports.

In terms of the main countries of destination, Slovenia, with a CAGR of +32.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2022, surging by 4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2021 when the average export price increased by 10%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Austria ($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 (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Croatia

Canned vegetable imports into Croatia skyrocketed to X tons in 2022, increasing by 19% against the previous year. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, canned vegetable imports rose remarkably to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +47.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of canned vegetable to Croatia, with a 36% share of total imports. Moreover, canned vegetable imports from Italy exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. The third position in this ranking was taken by North Macedonia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+6.6% per year) and North Macedonia (+6.4% per year).

In value terms, the largest canned vegetable suppliers to Croatia were Italy ($X), North Macedonia ($X) and Hungary ($X), together comprising 52% of total imports. Poland, Germany, Serbia and Spain lagged somewhat behind, together accounting for a further 36%.

Serbia, with a CAGR of +37.4%, 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

In 2022, the average canned vegetable import price amounted to $X per ton, dropping by -3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 when the average import price increased by 13%. As a result, import price reached the peak level of $X per ton, and then dropped modestly in the following year.

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 Poland ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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