Croatia: Canned Food Market 2024

Canned Food Market Size in Croatia

For the fourth consecutive year, the Croatian canned food market recorded growth in sales value, which increased by 32% to $X in 2021. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +107.5% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Canned Food Production in Croatia

In value terms, canned food production expanded rapidly to $X in 2021 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +81.3% against 2015 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 17% against the previous year. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in the immediate term.

Canned Food Exports

Exports from Croatia

In 2021, the amount of canned food exported from Croatia totaled X tons, standing approx. at the previous year. Overall, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -2.2% against 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 26% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, canned food exports rose remarkably to $X in 2021. The total export value increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 14% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Slovenia (X tons), Serbia (X tons) and Germany (X tons) were the main destinations of canned food exports from Croatia, with a combined 46% share of total exports. These countries were followed by Bosnia and Herzegovina, Austria, Italy, Hungary, the UK, North Macedonia, Sweden, Poland and Montenegro, which together accounted for a further 40%.

From 2012 to 2020, the biggest increases were recorded for Poland (with a CAGR of +30.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Germany ($X) and Serbia ($X) appeared to be the largest markets for canned food exported from Croatia worldwide, together comprising 44% of total exports. Bosnia and Herzegovina, Austria, Italy, Poland, Hungary, North Macedonia, the UK, Sweden and Montenegro lagged somewhat behind, together comprising a further 40%.

Poland, with a CAGR of +39.8%, saw the highest rates of growth with regard to 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

In 2020, the average canned food export price amounted to $X per ton, with an increase of 4.2% against the previous year. Over the period under review, the export price, however, saw a mild decline. The most prominent rate of growth was recorded in 2013 an increase of 7.3% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2020, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Food Imports

Imports into Croatia

Canned food imports into Croatia expanded significantly to X tons in 2021, with an increase of 12% on 2020. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, canned food imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Hungary (X tons) and Germany (X tons) were the main suppliers of canned food imports to Croatia, with a combined 49% share of total imports. North Macedonia, Bosnia and Herzegovina, Slovenia, Poland, Serbia, Spain and the Netherlands lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +33.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canned food suppliers to Croatia were Germany ($X), Slovenia ($X) and Italy ($X), with a combined 41% share of total imports. These countries were followed by Hungary, North Macedonia, Poland, Bosnia and Herzegovina, Serbia, the Netherlands and Spain, which together accounted for a further 42%.

Serbia, with a CAGR of +36.5%, saw the highest growth rate of 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

The average canned food import price stood at $X per ton in 2020, surging by 9.8% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +2.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Slovenia ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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