Croatia: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in Croatia

In 2022, the Croatian prepared baking powder market increased by 0.5% to $X, rising for the second consecutive year after three years of decline. In general, consumption recorded a relatively flat trend pattern. Prepared baking powder consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Prepared Baking Powder Production in Croatia

In value terms, prepared baking powder production reduced modestly to $X in 2022 estimated in export price. In general, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 1.7% against the previous year. Prepared baking powder production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Prepared Baking Powder Exports

Exports from Croatia

Prepared baking powder exports from Croatia shrank to X tons in 2022, declining by -5.3% compared with the year before. The total export volume increased at an average annual rate of +2.6% over the period 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 2013 when exports increased by 39% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, prepared baking powder exports reduced modestly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for prepared baking powder exports from Croatia, with a 78% share of total exports. Moreover, prepared baking powder exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X tons), ninefold. The third position in this ranking was held by North Macedonia (X tons), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina amounted to +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+0.3% per year) and North Macedonia (-3.4% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for prepared baking powders exports from Croatia, comprising 80% of total exports. The second position in the ranking was held by Slovenia ($X), with a 7.5% share of total exports. It was followed by North Macedonia, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-3.1% per year) and North Macedonia (-7.1% per year).

Export Prices by Country

The average prepared baking powder export price stood at $X per ton in 2022, stabilizing at the previous year. In general, the export price, however, showed a pronounced slump. The growth pace was the most rapid in 2021 when the average export price increased by 2.2%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Montenegro ($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 the United States (+0.5%), while the prices for the other major destinations experienced a decline.

Prepared Baking Powder Imports

Imports into Croatia

In 2022, approx. X tons of prepared baking powders were imported into Croatia; which is down by -3.8% against 2021. Overall, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.2% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 52% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, prepared baking powder imports reached $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -5.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 58%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of prepared baking powder to Croatia, with a 53% share of total imports. Moreover, prepared baking powder imports from Hungary exceeded the figures recorded by the second-largest supplier, Romania (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+260.2% per year) and Germany (-1.3% per year).

In value terms, Hungary ($X) constituted the largest supplier of prepared baking powders to Croatia, comprising 45% of total imports. The second position in the ranking was taken by Romania ($X), with an 18% share of total imports. It was followed by Germany, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Hungary stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+343.2% per year) and Germany (+4.7% per year).

Import Prices by Country

The average prepared baking powder import price stood at $X per ton in 2022, increasing by 8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 16% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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