Croatia: Market for Orange Juice (Single Strength) 2024

Market Size for Orange Juice (Single Strength) in Croatia

The Croatian orange juice (single strength) market skyrocketed to $X in 2022, increasing by 17% 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). Overall, consumption posted significant growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Exports of Orange Juice (Single Strength)

Exports from Croatia

In 2022, overseas shipments of orange juice (single strength) increased by 24% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2016 with an increase of 37%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, orange juice (single strength) exports expanded notably to $X in 2022. Overall, exports, however, recorded a slight decline. The most prominent rate of growth was recorded in 2016 with an increase of 57%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Slovenia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of orange juice (single strength) exports from Croatia, with a combined 78% share of total exports. The United Arab Emirates, Serbia and Saudi Arabia lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +189.4%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Germany ($X) and Bosnia and Herzegovina ($X) were the largest markets for orange juice (single strength) exported from Croatia worldwide, together comprising 76% of total exports. Serbia, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together comprising a further 19%.

Saudi Arabia, with a CAGR of +184.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average orange juice (single strength) export price stood at $X per ton in 2022, declining by -9.5% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average export price increased by 25% against the previous year. The export price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Orange Juice (Single Strength)

Imports into Croatia

In 2022, approx. X tons of orange juice (single strength) were imported into Croatia; picking up by 25% on the previous year's figure. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 157% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, orange juice (single strength) imports soared to $X in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 211% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Hungary (X tons) and Poland (X tons) were the main suppliers of orange juice (single strength) imports to Croatia, with a combined 73% share of total imports. Slovenia, Serbia, France and Austria lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +70.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest orange juice (single strength) suppliers to Croatia were Germany ($X), Hungary ($X) and Slovenia ($X), with a combined 69% share of total imports. Poland, France, Serbia and Austria lagged somewhat behind, together comprising a further 29%.

Serbia, with a CAGR of +67.9%, recorded the highest growth rate of the value of imports, among 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 orange juice (single strength) import price stood at $X per ton in 2022, which is down by -7.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 21%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+57.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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