Croatia: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Croatia

The Croatian pimenta pepper market shrank to $X in 2022, which is down by -7.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Pimenta pepper consumption peaked at $X in 2021, and then shrank in the following year.

Pimenta Pepper Exports

Exports from Croatia

In 2022, shipments abroad of pimenta pepper decreased by -17.2% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, posted a prominent increase. The growth pace was the most rapid in 2014 when exports increased by 100% against the previous year. The exports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, pimenta pepper exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2020 when exports increased by 59%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Slovenia (X tons), Bosnia and Herzegovina (X tons) and the Czech Republic (X tons) were the main destinations of pimenta pepper exports from Croatia, together accounting for 56% of total exports. Austria, Switzerland, Spain, Romania, Sweden, Serbia, North Macedonia and the United States lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of +131.7%), while the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Slovenia ($X) and Austria ($X) constituted the largest markets for pimenta pepper exported from Croatia worldwide, with a combined 58% share of total exports. Switzerland, the Czech Republic, Romania, Serbia, Sweden, the United States, Spain and North Macedonia lagged somewhat behind, together comprising a further 32%.

North Macedonia, with a CAGR of +178.5%, 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 pimenta pepper export price amounted to $X per ton, rising by 3.7% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 13%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 North Macedonia (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pimenta Pepper Imports

Imports into Croatia

In 2022, after four years of growth, there was significant decline in overseas purchases of pimenta pepper, when their volume decreased by -14.2% to X tons. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when imports increased by 42% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, pimenta pepper imports fell to $X in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest pimenta pepper supplier to Croatia, accounting for a 47% share of total imports. Moreover, pimenta pepper imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Serbia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.8% per year) and Serbia (-4.0% per year).

In value terms, Spain ($X) constituted the largest supplier of pimenta pepper to Croatia, comprising 38% of total imports. The second position in the ranking was held by Serbia ($X), with a 15% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (-1.0% per year) and Germany (+33.0% per year).

Import Prices by Country

The average pimenta pepper import price stood at $X per ton in 2022, picking up by 7.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 9.1% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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