Croatia: Sugars Market 2024

Sugars Market Size in Croatia

The Croatian sugars market skyrocketed to $X in 2021, growing by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption posted resilient growth. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in years to come.

Sugars Exports

Exports from Croatia

Sugars exports from Croatia soared to X tons in 2021, with an increase of 346% compared with the year before. Over the period under review, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 25,097%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, sugars exports skyrocketed to $X in 2021. In general, exports, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2016 when exports increased by 12,156%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Hungary (X tons) was the main destination for sugars exports from Croatia, with a 81% share of total exports. Moreover, sugars exports to Hungary exceeded the volume sent to the second major destination, North Macedonia (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-16.7% per year) and Slovenia (+14.0% per year).

In value terms, Hungary ($X) emerged as the key foreign market for sugars, sugar ethers and salts exports from Croatia, comprising 80% of total exports. The second position in the ranking was taken by North Macedonia ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-19.7% per year) and Slovenia (-2.9% per year).

Export Prices by Country

In 2021, the average sugars export price amounted to $X per ton, which is down by -4.3% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 583% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to North Macedonia ($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 Austria (+1.0%), while the prices for the other major destinations experienced a decline.

Sugars Imports

Imports into Croatia

Sugars imports into Croatia expanded significantly to X tons in 2021, with an increase of 12% compared with the previous year. In general, imports saw a resilient increase. The growth pace was the most rapid in 2014 with an increase of 77%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, sugars imports skyrocketed to $X in 2021. Over the period under review, imports showed a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of 82%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Austria (X tons) constituted the largest sugars supplier to Croatia, with a 57% share of total imports. Moreover, sugars imports from Austria exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Japan (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Austria amounted to +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+112.6% per year) and Japan (-0.0% per year).

In value terms, the largest sugars suppliers to Croatia were China ($X), Austria ($X) and Japan ($X), with a combined 87% share of total imports. Germany, the Netherlands, France and the Czech Republic lagged somewhat behind, together comprising a further 4.9%.

In terms of the main suppliers, the Netherlands, with a CAGR of +223.0%, recorded 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 sugars import price amounted to $X per ton, picking up by 31% against the previous year. Overall, the import price, however, continues to indicate a perceptible decline. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 Japan ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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