Croatia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Croatia

The Croatian market for malt extract and food preparations of flour, meal, and starches soared to $X in 2022, with an increase of 39% against the previous year. Overall, consumption posted a resilient increase. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the near future.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Croatia

In value terms, production of malt extract and food preparations of flour, meal, and starches amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 338%. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Croatia

After ten years of growth, shipments abroad of malt extract and food preparations of flour, meal, and starches decreased by -18% to X tons in 2022. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 30%. Over the period under review, the exports of reached the peak figure at X tons in 2021, and then fell significantly in the following year.

In value terms, exports of malt extract and food preparations of flour, meal, and starches shrank to $X in 2022. In general, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 25%. Over the period under review, the exports of reached the maximum at $X in 2021, and then declined in the following year.

Exports by Country

Slovenia (X tons), Italy (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Croatia, together comprising 60% of total exports. Romania, Serbia, the Netherlands, Austria, Hungary, Montenegro, Somalia and North Macedonia lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +220.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Slovenia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for malt extract and food preparations of flour, meal, and starch exported from Croatia worldwide, together comprising 62% of total exports. Serbia, Romania, Austria, Hungary, the Netherlands, Montenegro, North Macedonia and Somalia lagged somewhat behind, together accounting for a further 31%.

Austria, with a CAGR of +252.4%, recorded 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 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, picking up by 8.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2017 when the average export price increased by 11%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to the Netherlands ($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 Italy (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Croatia

In 2022, approx. X tons of malt extract and food preparations of flour, meal, and starches were imported into Croatia; declining by -6% compared with the previous year's figure. In general, imports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, imports of attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches reduced modestly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. As a result, imports reached the peak of $X, and then shrank modestly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of malt extract and food preparations of flour, meal, and starch to Croatia, accounting for a 45% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from Germany exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at -6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+7.4% per year) and Italy (+4.6% per year).

In value terms, Germany ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Croatia, comprising 50% of total imports. The second position in the ranking was taken by Italy ($X), with a 9.2% share of total imports. It was followed by Austria, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.4% per year) and Austria (+3.8% per year).

Import Prices by Country

In 2022, the average import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, rising by 2.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 the Czech Republic ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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