Croatia: Potato Chips Market 2024

Potato Chips Market Size in Croatia

The Croatian potato chips market skyrocketed to $X in 2022, increasing by 17% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Potato Chips Production in Croatia

In value terms, potato chips production soared to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +56.2% against 2014 indices. The most prominent rate of growth was recorded in 2014 with an increase of 19%. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in years to come.

Potato Chips Exports

Exports from Croatia

In 2022, approx. X tons of potato chips were exported from Croatia; growing by 10% against 2021 figures. Overall, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by 96% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, potato chips exports soared to $X in 2022. In general, exports saw prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 110% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Serbia (X tons), Hungary (X tons) and Slovenia (X tons) were the main destinations of potato chips exports from Croatia, with a combined 77% share of total exports. Bosnia and Herzegovina, Bulgaria, Montenegro, Slovakia and North Macedonia lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +115.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Hungary ($X) and Slovenia ($X) were the largest markets for potato chips exported from Croatia worldwide, with a combined 73% share of total exports. Bosnia and Herzegovina, Montenegro, Bulgaria, Slovakia and North Macedonia lagged somewhat behind, together accounting for a further 19%.

Bulgaria, with a CAGR of +130.7%, recorded the highest growth rate of 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

The average potato chips export price stood at $X per ton in 2022, growing by 5.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2014 when the average export price increased by 7.4% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Slovakia ($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 (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.

Potato Chips Imports

Imports into Croatia

In 2022, imports of potato chips into Croatia expanded rapidly to X tons, rising by 10% on the year before. The total import volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 31%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, potato chips imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Serbia (X tons) and the Netherlands (X tons) were the main suppliers of potato chips imports to Croatia, together comprising 75% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +75.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Serbia ($X) and the Netherlands ($X) constituted the largest potato chips suppliers to Croatia, with a combined 78% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +76.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average potato chips import price stood at $X per ton in 2022, with a decrease of -11.6% against the previous year. Over the period under review, the import price saw a perceptible descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 17% 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 failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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