Croatia: Sparkling Wine Market 2024

Sparkling Wine Market Size in Croatia

The Croatian sparkling wine market soared to $X in 2022, surging by 25% against the previous year. Overall, consumption posted a remarkable increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Sparkling Wine Production in Croatia

In value terms, sparkling wine production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 11,108%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Sparkling Wine Exports

Exports from Croatia

In 2022, sparkling wine exports from Croatia surged to X litres, growing by 26% on 2021 figures. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,221% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, sparkling wine exports plummeted to $X in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 795%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X litres), Serbia (X litres) and Belgium (X litres) were the main destinations of sparkling wine exports from Croatia, with a combined 50% share of total exports. These countries were followed by Bosnia and Herzegovina, Slovenia, Germany, the Netherlands, Slovakia, Austria, Montenegro and Switzerland, which together accounted for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +80.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for sparkling wine exports from Croatia, comprising 41% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total exports. It was followed by the United States, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +65.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-11.7% per year) and the United States (+49.9% per year).

Export Prices by Country

In 2022, the average sparkling wine export price amounted to $X per litre, which is down by -41.6% against the previous year. In general, the export price showed a pronounced downturn. The pace of growth appeared the most rapid in 2014 an increase of 54%. Over the period under review, the average export prices attained the maximum at $X per litre in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per litre), while the average price for exports to Belgium ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

Sparkling Wine Imports

Imports into Croatia

In 2022, supplies from abroad of sparkling wine increased by 39% to X litres, rising for the second consecutive year after two years of decline. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, sparkling wine imports soared to $X in 2022. Overall, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 79%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Italy (X litres), Germany (X litres) and Spain (X litres) were the main suppliers of sparkling wine imports to Croatia, with a combined 81% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +21.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Germany ($X) constituted the largest sparkling wine suppliers to Croatia, together accounting for 83% of total imports.

Italy, with a CAGR of +22.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sparkling wine import price stood at $X per litre in 2022, with a decrease of -8.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 an increase of 19% against the previous year. Over the period under review, average import prices attained the maximum at $X per litre in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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