Croatia: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Croatia

The Croatian spirits and liqueurs market skyrocketed to $X in 2022, rising by X% against the previous year. Over the period under review, consumption posted a strong increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Spirits And Liqueurs Production in Croatia

In value terms, spirits and liqueurs production soared to $X in 2022 estimated in export price. In general, production continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Spirits And Liqueurs Exports

Exports from Croatia

In 2022, exports of spirits, liqueurs and other spirituous beverages from Croatia stood at X litres, surging by X% on the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, spirits and liqueurs exports rose remarkably to $X in 2022. Overall, exports showed resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Bosnia and Herzegovina (X litres) was the main destination for spirits and liqueurs exports from Croatia, accounting for a X% share of total exports. Moreover, spirits and liqueurs exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, North Macedonia (X litres), twofold. The third position in this ranking was held by Germany (X litres), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Germany (X% per year).

In value terms, the largest markets for spirits and liqueurs exported from Croatia were Bosnia and Herzegovina ($X), the United Arab Emirates ($X) and Germany ($X), with a combined X% share of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 spirits and liqueurs export price amounted to $X per litre, dropping by X% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spirits and liqueurs export price increased by X% against 2014 indices. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2021, and then declined in the following year.

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

Spirits And Liqueurs Imports

Imports into Croatia

In 2022, the amount of spirits, liqueurs and other spirituous beverages imported into Croatia surged to X litres, jumping by X% on 2021 figures. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, spirits and liqueurs imports soared to $X in 2022. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X litres), Italy (X litres) and Romania (X litres) were the main suppliers of spirits and liqueurs imports to Croatia, with a combined X% share of total imports. The UK, Slovenia, Serbia, the Netherlands, the Czech Republic, the United States, Finland, Bosnia and Herzegovina, Montenegro and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Montenegro (with a CAGR of X.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spirits and liqueurs suppliers to Croatia were Germany ($X), Italy ($X) and Romania ($X), with a combined X% share of total imports. The United States, the Netherlands, the UK, Slovenia, France, Serbia, Bosnia and Herzegovina, the Czech Republic, Finland and Montenegro lagged somewhat behind, together comprising a further X%.

Montenegro, with a CAGR of X.2%, saw the highest growth rate of 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

In 2022, the average spirits and liqueurs import price amounted to $X per litre, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per litre in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 the United States ($X per litre), while the price for Montenegro ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform

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