Report Update Nov 1, 2024

Croatia - Cocoa Beans - Market Analysis, Forecast, Size, Trends and Insights

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Croatia: Cocoa Bean Market 2024

Cocoa Bean Market Size in Croatia

The Croatian cocoa bean market skyrocketed to $X in 2022, with an increase of 19% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Cocoa bean consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Cocoa Bean Exports

Exports from Croatia

In 2022, cocoa bean exports from Croatia soared to X kg, jumping by 59% compared with the year before. Over the period under review, exports, however, recorded a significant decrease. The pace of growth was the most pronounced in 2017 with an increase of 1,713%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, cocoa bean exports rose modestly to $X in 2022. Overall, exports, however, continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2017 when exports increased by 2,028% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Slovenia (X kg) was the main destination for cocoa bean exports from Croatia, accounting for a 64% share of total exports. Moreover, cocoa bean exports to Slovenia exceeded the volume sent to the second major destination, Montenegro (X kg), threefold.

From 2013 to 2022, the average annual growth rate of volume to Slovenia amounted to +48.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+50.2% per year) and Germany (-51.2% per year).

In value terms, Slovenia ($X) emerged as the key foreign market for cocoa beans exports from Croatia, comprising 63% of total exports. The second position in the ranking was taken by Montenegro ($X), with a 25% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Slovenia amounted to +52.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+38.6% per year) and Germany (-47.0% per year).

Export Prices by Country

In 2022, the average cocoa bean export price amounted to $X per ton, shrinking by -35.1% against the previous year. In general, the export price, however, posted a buoyant increase. The growth pace was the most rapid in 2020 when the average export price increased by 405%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Cocoa Bean Imports

Imports into Croatia

In 2022, imports of cocoa beans into Croatia soared to X tons, growing by 32% on the previous year. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 70%. Over the period under review, imports reached the peak figure at X tons in 2013; afterwards, it flattened through to 2022.

In value terms, cocoa bean imports soared to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Austria (X tons), the Netherlands (X tons) and Germany (X kg) were the main suppliers of cocoa bean imports to Croatia, together accounting for 99% of total imports.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +749.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Austria ($X), the Netherlands ($X) and Germany ($X) constituted the largest cocoa bean suppliers to Croatia, with a combined 98% share of total imports.

Austria, with a CAGR of +462.7%, 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 cocoa bean import price amounted to $X per ton, reducing by -11.4% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 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 Germany ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cocoa beans in the world?

The countries with the highest volumes of cocoa bean consumption in 2021 were Indonesia, Cote d'Ivoire and the Netherlands, with a combined 37% share of global consumption. These countries were followed by the United States, Germany, Malaysia, Brazil, Ghana, Nigeria, France, Turkey, Belgium and Canada, which together accounted for a further 43%.

What are the largest producers of cocoa beans in the world?

Cote d'Ivoire remains the largest cocoa bean producing country worldwide, comprising approx. 39% of total volume. Moreover, cocoa bean production in Cote d'Ivoire exceeded the figures recorded by the second-largest producer, Ghana, threefold. The third position in this ranking was occupied by Indonesia, with a 13% share.

What are the leading suppliers of cocoa beans to Croatia?

In value terms, the Netherlands constituted the largest supplier of cocoa bean to Croatia, comprising 84% of total imports. The second position in the ranking was occupied by Austria, with a 14% share of total imports.

What are the leading importers of cocoa beans from Croatia?

In value terms, the largest markets for cocoa bean exported from Croatia were Montenegro, Slovenia and Bosnia and Herzegovina $221), with a combined 99% share of total exports.

What is the average export price for cocoa beans in Croatia?

The average cocoa bean export price stood at $7,073 per ton in 2021, reducing by -46.4% against the previous year.

What is the average import price for cocoa beans in Croatia?

The average cocoa bean import price stood at $2,747 per ton in 2021, waning by -8% against the previous year.

This report provides an in-depth analysis of the cocoa bean market in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 661 - Cocoa beans

Country coverage:

Croatia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Croatia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023