Liqueurs and Cordials Price in Croatia - 2023

Liqueurs and Cordials Price in Croatia (CIF) - 2023

The average liqueurs and cordials import price stood at $6.1 per litre in June 2023, growing by 17% against the previous month. In general, import price indicated a moderate increase from June 2022 to June 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, liqueurs and cordials import price increased by +17.5% against May 2023 indices. The growth pace was the most rapid in January 2023 when the average import price increased by 41% month-to-month. The import price peaked in June 2023.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($12.6 per litre), while the price for Italy ($4.6 per litre) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Romania (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Liqueurs and Cordials Price in Croatia (FOB) - 2023

In June 2023, the average liqueurs and cordials export price amounted to $3.9 per litre, falling by -5.9% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 39% month-to-month. As a result, the export price attained the peak level of $4.4 per litre. From February 2023 to June 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Montenegro ($4.4 per litre), while the average price for exports to North Macedonia ($2.6 per litre) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Liqueurs and Cordials Imports in Croatia

In 2022, the amount of liqueurs and cordialses imported into Croatia rose markedly to 3M litres, increasing by 11% against the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, liqueurs and cordials imports expanded sharply to $13M in 2022. The total import value increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 37%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Liqueurs and Cordials in Croatia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	6.7	4.7	6.9	7.4	3.4%
Italy	1.7	1.1	1.3	1.5	-4.1%
Slovenia	0.9	1.0	1.0	1.0	3.6%
Romania	N/A	N/A	0.1	0.9	800.0%
Netherlands	0.7	0.4	0.6	0.5	-10.6%
France	0.2	0.1	0.3	0.5	35.7%
Others	1.1	0.9	1.1	0.9	-6.5%
Total	11.3	8.3	11.3	12.7	4.0%

Top Suppliers of Liqueurs and Cordials to Croatia in 2022:

Germany (1810.9K litres)
Italy (381.3K litres)
Slovenia (275.6K litres)
Romania (175.2K litres)
France (98.6K litres)
Netherlands (60.7K litres)

Liqueurs and Cordials Exports in Croatia

In 2022, approx. 2.6M litres of liqueurs and cordialses were exported from Croatia; with an increase of 9.4% against the previous year. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.4% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 28%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, liqueurs and cordials exports reached $9.6M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 42% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Export of Liqueurs and Cordials in Croatia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bosnia and Herzegovina	1,786	1,594	2,403	2,459	11.2%
Germany	859	1,638	1,606	1,374	16.9%
Serbia	977	513	655	1,004	0.9%
Singapore	N/A	202	641	688	84.6%
Panama	545	271	611	579	2.0%
Slovenia	275	246	382	546	25.7%
United Arab Emirates	206	582	739	472	31.8%
United States	230	148	257	356	15.7%
North Macedonia	254	173	253	307	6.5%
Austria	106	231	372	300	41.5%
Australia	207	209	365	239	4.9%
Montenegro	286	52.9	163	181	-14.1%
Italy	146	237	97.8	131	-3.5%
Others	446	382	635	928	27.7%
Total	6,323	6,480	9,182	9,564	14.8%