Croatia: Gingerbread Market 2024

Gingerbread Market Size in Croatia

The Croatian gingerbread market reduced slightly to $X in 2022, declining by -2.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Gingerbread Production in Croatia

In value terms, gingerbread production reduced modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 79% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Gingerbread Exports

Exports from Croatia

In 2022, shipments abroad of gingerbread increased by 23% to X tons, rising for the third consecutive year after two years of decline. Overall, exports posted a prominent increase. The growth pace was the most rapid in 2021 with an increase of 1,015% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, gingerbread exports totaled $X in 2022. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 633% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Bosnia and Herzegovina (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of gingerbread exports from Croatia, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +35.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Bosnia and Herzegovina ($X) and Slovenia ($X) constituted the largest markets for gingerbread exported from Croatia worldwide, with a combined 93% share of total exports.

Sweden, with a CAGR of +72.6%, saw 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

The average gingerbread export price stood at $X per ton in 2022, shrinking by -8.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 164%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 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 Slovenia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Belgium (+1,907.5%), while the prices for the other major destinations experienced more modest paces of growth.

Gingerbread Imports

Imports into Croatia

Gingerbread imports into Croatia dropped to X tons in 2022, waning by -3.9% on the year before. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +57.6% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by 29% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced slightly in the following year.

In value terms, gingerbread imports shrank modestly to $X in 2022. In general, total imports indicated a measured expansion 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, imports increased by +66.4% against 2016 indices. The growth pace was the most rapid in 2017 when imports increased by 30%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest gingerbread supplier to Croatia, accounting for a 58% share of total imports. Moreover, gingerbread imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Serbia (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.2% per year) and Serbia (-11.2% per year).

In value terms, Poland ($X), Germany ($X) and Serbia ($X) were the largest gingerbread suppliers to Croatia, with a combined 86% share of total imports. Slovenia, Italy, the Netherlands and North Macedonia lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, Italy, with a CAGR of +30.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gingerbread import price stood at $X per ton in 2022, rising by 2.8% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 13% 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.

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 Italy ($X per ton), while the price for Poland ($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 (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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