Croatia: Glucose Market 2025

Glucose Market Size in Croatia

The Croatian glucose market totaled $X in 2021, increasing by 8.6% against the previous year. Overall, consumption saw a pronounced slump. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Glucose Production in Croatia

In value terms, glucose production amounted to less than $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern.

Glucose Exports

Exports from Croatia

In 2021, approx. X tons of glucose and glucose syrup were exported from Croatia; jumping by 75% against 2020. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 2,247% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, glucose exports surged to $X in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 1,141% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for glucose exports from Croatia, accounting for a 74% share of total exports. Moreover, glucose exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Bosnia and Herzegovina totaled +90.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+128.3% per year) and Germany (+117.9% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for glucose and glucose syrup exports from Croatia, comprising 58% of total exports. The second position in the ranking was held by Slovenia ($X), with a 22% share of total exports. It was followed by Germany, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina totaled +68.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+78.3% per year) and Germany (+113.1% per year).

Export Prices by Country

The average glucose export price stood at $X per ton in 2021, picking up by 11% against the previous year. In general, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+20.1%), while the prices for the other major destinations experienced a decline.

Glucose Imports

Imports into Croatia

In 2021, glucose imports into Croatia expanded modestly to X tons, increasing by 4.7% against 2020 figures. Overall, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 53% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, glucose imports surged to $X in 2021. In general, imports, however, continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2017 when imports increased by 44%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hungary (X tons) constituted the largest glucose supplier to Croatia, with a 70% share of total imports. Moreover, glucose imports from Hungary exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), ninefold. The third position in this ranking was taken by Belgium (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from Hungary stood at +48.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+57.5% per year) and Belgium (+89.4% per year).

In value terms, Hungary ($X) constituted the largest supplier of glucose and glucose syrup to Croatia, comprising 56% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 12% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Hungary stood at +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+51.2% per year) and Belgium (+87.4% per year).

Import Prices by Country

The average glucose import price stood at $X per ton in 2021, surging by 15% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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