Croatia: Vinegar Market 2024

Vinegar Market Size in Croatia

After two years of growth, the Croatian vinegar market decreased by X% to $X in 2022. Over the period under review, consumption showed a abrupt slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Vinegar Production in Croatia

In value terms, vinegar production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Vinegar Exports

Exports from Croatia

Vinegar exports from Croatia reached X tons in 2022, surging by X% compared with 2021. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, vinegar exports stood at $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for vinegar exports from Croatia, accounting for a X% share of total exports. Moreover, vinegar exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X tons), fourfold.

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

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for vinegar exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Slovenia (X% per year).

Export Prices by Country

In 2022, the average vinegar export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced a decline.

Vinegar Imports

Imports into Croatia

In 2022, after ten years of growth, there was significant decline in purchases abroad of vinegar, when their volume decreased by X% to X tons. In general, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced in the following year.

In value terms, vinegar imports declined to $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped modestly in the following year.

Imports by Country

In 2022, Slovakia (X tons) constituted the largest vinegar supplier to Croatia, accounting for a X% share of total imports. Moreover, vinegar imports from Slovakia exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. The third position in this ranking was held by Slovenia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Slovakia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Slovenia (X% per year).

In value terms, the largest vinegar suppliers to Croatia were Slovakia ($X), Italy ($X) and Slovenia ($X), with a combined X% share of total imports.

Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average vinegar import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, saw a deep downturn. The import price peaked at $X per ton in 2012; however, from 2013 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 Italy ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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