Croatia: Wheat Gluten Market 2024

Wheat Gluten Market Size in Croatia

The Croatian wheat gluten market contracted slightly to $X in 2022, dropping by -4.9% 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). In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Wheat Gluten Exports

Exports from Croatia

In 2022, approx. X tons of wheat gluten were exported from Croatia; increasing by 182% compared with the year before. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2014 with an increase of 295% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, wheat gluten exports skyrocketed to $X in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Serbia (X tons), the UK (X tons) and Slovenia (X tons) were the main destinations of wheat gluten exports from Croatia, together accounting for 57% of total exports. Poland, Greece, Bosnia and Herzegovina, Albania and Germany lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +190.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat gluten exported from Croatia were Serbia ($X), the UK ($X) and Poland ($X), together accounting for 60% of total exports. Slovenia, Bosnia and Herzegovina, Greece, Albania and Germany lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Greece, with a CAGR of +261.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wheat gluten export price stood at $X per ton in 2022, jumping by 51% against the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, wheat gluten export price increased by +66.9% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Serbia ($X per ton) and the UK ($X per ton), while the average price for exports to Germany ($X per ton) and Albania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Gluten Imports

Imports into Croatia

In 2022, overseas purchases of wheat gluten increased by 6.4% to X tons, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, wheat gluten imports soared to $X in 2022. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +78.2% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Austria (X tons) constituted the largest supplier of wheat gluten to Croatia, with a 65% share of total imports. Moreover, wheat gluten imports from Austria exceeded the figures recorded by the second-largest supplier, Hungary (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Austria stood at +55.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+435.2% per year) and Germany (-3.5% per year).

In value terms, Austria ($X) constituted the largest supplier of wheat gluten to Croatia, comprising 63% of total imports. The second position in the ranking was held by Hungary ($X), with a 17% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from Austria totaled +54.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+340.0% per year) and Germany (-0.9% per year).

Import Prices by Country

In 2022, the average wheat gluten import price amounted to $X per ton, increasing by 23% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Hungary ($X per ton), while the price for Poland ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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