Croatia: Market for Crispbread, Rusks and Toasted Bread 2024

Market Size for Crispbread, Rusks and Toasted Bread in Croatia

For the third consecutive year, the Croatian market for crispbread, rusks and toasted bread recorded growth in sales value, which increased by 9.9% to $X in 2022. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +25.8% against 2018 indices. Crispbread, rusk and toasted bread consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Crispbread, Rusks and Toasted Bread in Croatia

In value terms, crispbread, rusk and toasted bread production declined markedly to $X in 2022 estimated in export price. In general, production, however, recorded a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Crispbread, rusk and toasted bread production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Croatia

Crispbread, rusk and toasted bread exports from Croatia surged to X tons in 2022, jumping by 140% compared with the year before. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 940%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, crispbread, rusk and toasted bread exports surged to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 488% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Slovenia (X tons) was the main destination for crispbread, rusk and toasted bread exports from Croatia, with a 63% share of total exports. Moreover, crispbread, rusk and toasted bread exports to Slovenia exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by Switzerland (X tons), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +116.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (0.0% per year) and Switzerland (+523.5% per year).

In value terms, the largest markets for crispbread, rusk and toasted bread exported from Croatia were Slovenia ($X), the Netherlands ($X) and Serbia ($X), with a combined 86% share of total exports.

Serbia, with a CAGR of +733.4%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for crispbread, rusks and toasted bread amounted to $X per ton, picking up by 22% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crispbread, rusk and toasted bread export price increased by +86.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 52% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 Hungary ($X per ton), while the average price for exports to Slovenia ($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 Hungary (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Croatia

In 2022, the amount of crispbread, rusks and toasted bread imported into Croatia expanded slightly to X tons, surging by 1.8% on the previous year. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of 33%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, crispbread, rusk and toasted bread imports expanded markedly to $X in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +43.7% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 29% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, Serbia (X tons) constituted the largest supplier of crispbread, rusk and toasted bread to Croatia, accounting for a 51% share of total imports. Moreover, crispbread, rusk and toasted bread imports from Serbia exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. Bulgaria (X tons) ranked third in terms of total imports with a 7.3% share.

From 2012 to 2022, the average annual growth rate of volume from Serbia stood at +82.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.5% per year) and Bulgaria (-1.9% per year).

In value terms, Serbia ($X), Italy ($X) and Bulgaria ($X) appeared to be the largest crispbread, rusk and toasted bread suppliers to Croatia, with a combined 73% share of total imports.

Serbia, with a CAGR of +52.9%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for crispbread, rusks and toasted bread amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price, however, recorded a abrupt contraction. The import price peaked at $X per ton in 2012; however, from 2013 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 the Czech Republic ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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