Croatia: Sugar Market 2022

Sugar Market Size in Croatia

The Croatian sugar market rose sharply to $X in 2021, picking up by 7.6% against the previous year. In general, consumption, however, continues to indicate a abrupt shrinkage. Sugar consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sugar Production in Croatia

In value terms, sugar production declined to $X in 2021 estimated in export price. Overall, production showed a deep slump. The pace of growth was the most pronounced in 2019 with an increase of 23%. Sugar production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

The average yield of sugar in Croatia was estimated at less than X kg per ha in 2021, almost unchanged from the previous year's figure. Over the period under review, the yield saw a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. less than X ha of sugar were harvested in Croatia; remaining constant against 2020 figures. In general, the harvested area showed a relatively flat trend pattern.

Sugar Exports

Exports from Croatia

After four years of decline, shipments abroad of sugar increased by 7.3% to X tons in 2021. In general, exports, however, showed a deep reduction. The growth pace was the most rapid in 2014 with an increase of 96% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, sugar exports surged to $X in 2021. Overall, exports, however, faced a deep reduction. The growth pace was the most rapid in 2016 with an increase of 70%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for sugar exports from Croatia, with a 52% share of total exports. Moreover, sugar exports to Italy exceeded the volume sent to the second major destination, Slovenia (X tons), threefold. The third position in this ranking was held by Greece (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Italy stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-8.4% per year) and Greece (-7.7% per year).

In value terms, Italy ($X) remains the key foreign market for sugar exports from Croatia, comprising 49% of total exports. The second position in the ranking was held by Slovenia ($X), with a 19% share of total exports. It was followed by Greece, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Italy totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-13.7% per year) and Greece (-13.8% per year).

Export Prices by Country

In 2021, the average sugar export price amounted to $X per ton, rising by 12% against the previous year. In general, the export price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2019 an increase of 20%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Slovakia ($X per ton), while the average price for exports to Italy ($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 Slovakia (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Sugar Imports

Imports into Croatia

In 2021, the amount of sugar imported into Croatia skyrocketed to X tons, with an increase of 67% compared with 2020. Overall, imports, however, faced a deep slump. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, sugar imports surged to $X in 2021. Over the period under review, imports, however, faced a deep setback. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Slovenia (X tons) constituted the largest sugar supplier to Croatia, accounting for a 43% share of total imports. Moreover, sugar imports from Slovenia exceeded the figures recorded by the second-largest supplier, Serbia (X tons), twofold. Austria (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Slovenia stood at +204.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+43.2% per year) and Austria (+26.1% per year).

In value terms, Slovenia ($X) constituted the largest supplier of sugar to Croatia, comprising 43% of total imports. The second position in the ranking was taken by Serbia ($X), with an 18% share of total imports. It was followed by Austria, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Slovenia totaled +157.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+36.2% per year) and Austria (+17.7% per year).

Import Prices by Country

In 2021, the average sugar import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 23%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cuba (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform