Croatia: Market for Spirits, Liqueurs And Other Spirituous Beverages 2024

Market Size for Spirits, Liqueurs And Other Spirituous Beverages in Croatia

The Croatian market for spirits, liqueurs and other spirituous beverages expanded sharply to $X in 2022, picking up by 12% against the previous year. In general, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Spirits, Liqueurs And Other Spirituous Beverages in Croatia

In value terms, production of spirits, liqueurs and other spirituous beverages fell to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 82%. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth failed to regain momentum.

Exports of Spirits, Liqueurs And Other Spirituous Beverages

Exports from Croatia

In 2022, exports of spirits, liqueurs and other spirituous beverages from Croatia rose significantly to X litres, picking up by 7.1% against the previous year. The total export volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of spirits, liqueurs and other spirituous beverages contracted to $X in 2022. Overall, total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +26.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Bosnia and Herzegovina (X litres) was the main destination for exports of spirits, liqueurs and other spirituous beverages from Croatia, accounting for a 38% share of total exports. Moreover, exports of spirits, liqueurs and other spirituous beverages to Bosnia and Herzegovina exceeded the volume sent to the second major destination, North Macedonia (X litres), threefold. Germany (X litres) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms 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 (-0.2% per year) and Germany (+4.7% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Croatia, comprising 28% of total exports. The second position in the ranking was taken by Germany ($X), with a 10% share of total exports. It was followed by North Macedonia, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.8% per year) and North Macedonia (+1.2% per year).

Export Prices by Country

In 2022, the average export price for spirits, liqueurs and other spirituous beverages amounted to $X per litre, waning by -7.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 8.1% 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 dropped in the following year.

There were significant differences in the average prices for the major overseas 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 Canada (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spirits, Liqueurs And Other Spirituous Beverages

Imports into Croatia

In 2022, imports of spirits, liqueurs and other spirituous beverages into Croatia skyrocketed to X litres, increasing by 16% on 2021 figures. In general, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% 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 +58.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of spirits, liqueurs and other spirituous beverages surged to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +8.7% 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 +79.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X litres) constituted the largest spirits, liqueurs and other spirituous beverages supplier to Croatia, with a 31% share of total imports. Moreover, imports of spirits, liqueurs and other spirituous beverages from Germany exceeded the figures recorded by the second-largest supplier, Italy (X litres), twofold. The third position in this ranking was held by the Czech Republic (X litres), with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.3% per year) and the Czech Republic (+38.4% per year).

In value terms, Germany ($X), Italy ($X) and Slovenia ($X) constituted the largest spirits, liqueurs and other spirituous beverages suppliers to Croatia, together accounting for 57% of total imports. Serbia, Romania, Bosnia and Herzegovina, the Czech Republic and Finland lagged somewhat behind, together accounting for a further 22%.

Romania, with a CAGR of +111.3%, saw 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 import price for spirits, liqueurs and other spirituous beverages stood at $X per litre in 2022, increasing by 6.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2016 an increase of 12%. Over the period under review, average import prices attained the peak figure at $X per litre in 2018; afterwards, it flattened through to 2022.

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 Italy ($X per litre), while the price for Finland ($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 (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform