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 -17.1% to $X. In general, consumption saw a relatively flat trend pattern. Chocolate and confectionery consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Chocolate And Confectionery Production in Croatia

In value terms, chocolate and confectionery production rose modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 7.2%. Chocolate and confectionery production peaked 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 rose remarkably to X tons, surging by 7.8% compared with the year before. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, chocolate and confectionery exports rose remarkably to $X in 2022. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 46% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

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 57% share of total exports. Serbia, North Macedonia, Montenegro, Spain, the Netherlands, Austria and Bulgaria lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +187.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for chocolate and confectionery exports from Croatia, comprising 35% of total exports. The second position in the ranking was held by Slovenia ($X), with a 17% share of total exports. It was followed by Bosnia and Herzegovina, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +58.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+20.4% per year) and Bosnia and Herzegovina (+4.7% per year).

Export Prices by Country

The average chocolate and confectionery export price stood at $X per ton in 2022, waning by -2.3% against the previous year. Overall, the export price, however, continues to indicate slight growth. The growth pace was the most rapid in 2017 an increase of 7.1%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Serbia (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.

Chocolate And Confectionery Imports

Imports into Croatia

In 2022, after five years of growth, there was decline in supplies from abroad of chocolate and confectionery, when their volume decreased by -1.7% to X tons. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.7% 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 +110.2% against 2012 indices. The growth pace was the most rapid in 2014 when imports increased by 25% against the previous year. Imports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, chocolate and confectionery imports declined slightly 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 +7.5% 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 +37.7% against 2016 indices. The most prominent rate of growth was recorded in 2014 with an increase of 30% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced modestly in the following year.

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 58% share of total imports. Poland, Italy, France, the Netherlands, Slovenia, Belgium, Turkey, Hungary, Spain and Slovakia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +34.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of chocolate and confectionery to Croatia, comprising 36% of total imports. The second position in the ranking was taken by Austria ($X), with a 14% share of total imports. It was followed by Serbia, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+16.6% per year) and Serbia (+20.8% per year).

Import Prices by Country

The average chocolate and confectionery import price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 7.7% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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