Croatia: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Croatia

The Croatian rusks and toasted bread market soared to $X in 2021, growing by 15% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +13.3% against 2018 indices. Over the period under review, the market reached the peak level in 2021 and is likely to see steady growth in years to come.

Production of Rusks, Toasted Bread and Similar Toasted Products in Croatia

In value terms, rusks and toasted bread production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep reduction. Rusks and toasted bread production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Croatia

In 2021, rusks and toasted bread exports from Croatia fell dramatically to X tons, which is down by -47.1% compared with the previous year. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 608% against the previous year. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, rusks and toasted bread exports contracted dramatically to $X in 2021. Overall, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 512%. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Bosnia and Herzegovina (X tons), Slovenia (X tons) and Montenegro (X tons) were the main destinations of rusks and toasted bread exports from Croatia, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +100.7%), while the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Croatia, comprising 61% of total exports. The second position in the ranking was held by Slovenia ($X), with a 23% share of total exports. It was followed by Montenegro, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value to Bosnia and Herzegovina amounted to +21.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+103.3% per year) and Montenegro (+72.3% per year).

Export Prices by Country

In 2021, the average rusks and toasted bread export price amounted to $X per ton, waning by -1.7% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rusks and toasted bread export price decreased by -39.1% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 46% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Croatia

In 2021, the amount of rusks, toasted bread and similar toasted products imported into Croatia surged to X tons, picking up by 17% on the previous year's figure. Over the period under review, imports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 32%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, rusks and toasted bread imports rose sharply to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +4.9% against 2018 indices. The growth pace was the most rapid in 2017 when imports increased by 27%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Serbia (X tons), Italy (X tons) and Slovenia (X tons) were the main suppliers of rusks and toasted bread imports to Croatia, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +91.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rusks and toasted bread suppliers to Croatia were Italy ($X), Serbia ($X) and Bulgaria ($X), together comprising 73% of total imports. These countries were followed by Slovenia, Germany and Portugal, which together accounted for a further 22%.

In terms of the main suppliers, Portugal, with a CAGR of +65.7%, saw 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

In 2021, the average rusks and toasted bread import price amounted to $X per ton, declining by -2.6% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The pace of growth was the most pronounced in 2016 an increase of 0.9% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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