Croatia: Market for Chocolate Bars with Cereals, Fruit or Nuts 2024

Market Size for Chocolate Bars with Cereals, Fruit or Nuts in Croatia

In 2022, the Croatian market for chocolate bars with cereals, fruit or nuts decreased by -13.9% to $X, falling for the third year in a row after two years of growth. In general, consumption showed a pronounced reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Chocolate Bars with Cereals, Fruit or Nuts in Croatia

In value terms, production of chocolate bars with cereals, fruit or nuts rose significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Chocolate Bars with Cereals, Fruit or Nuts

Exports from Croatia

After five years of growth, shipments abroad of chocolate bars with cereals, fruit or nuts decreased by -4.2% to X tons in 2022. Overall, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by 68% against the previous year. The exports peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, exports of chocolate bars with cereals, fruit or nuts reduced to $X in 2022. In general, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 75% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

Slovenia (X tons), Serbia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of exports of chocolate bars with cereals, fruit or nuts from Croatia, together comprising 72% of total exports. Montenegro, North Macedonia, the Netherlands and Albania lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +57.3%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Serbia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for cereal, fruit or nut chocolate bar exported from Croatia worldwide, with a combined 71% share of total exports. Montenegro, North Macedonia, the Netherlands and Albania lagged somewhat behind, together accounting for a further 20%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +51.6%, recorded the highest rates of growth with regard to the value of exports, 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 chocolate bars with cereals, fruit or nuts amounted to $X per ton, dropping by -4.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 4.1%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Slovenia ($X per ton) and Montenegro ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Albania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Chocolate Bars with Cereals, Fruit or Nuts

Imports into Croatia

In 2022, overseas purchases of chocolate bars with cereals, fruit or nuts decreased by -8% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 72% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, imports of chocolate bars with cereals, fruit or nuts shrank to $X in 2022. Over the period under review, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 72%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Germany (X tons), Austria (X tons) and Slovenia (X tons) were the main suppliers of imports of chocolate bars with cereals, fruit or nuts to Croatia, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of +43.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Slovenia ($X) constituted the largest cereal, fruit or nut chocolate bar suppliers to Croatia, together accounting for 86% of total imports.

Slovenia, with a CAGR of +44.4%, saw the highest rates of growth with regard to 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 import price for chocolate bars with cereals, fruit or nuts amounted to $X per ton, dropping by -3.7% against the previous year. Overall, the import price showed a slight decline. The most prominent rate of growth was recorded in 2021 an increase of 7.2%. Over the period under review, average import prices reached the maximum 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 Slovenia ($X per ton), while the price for Poland ($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 (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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