Report Update: May 1, 2024

Croatia - Spices - Market Analysis, Forecast, Size, Trends and Insights

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Spice Price in Croatia - 2023

Spice Price in Croatia (CIF) - 2022

The average spice import price stood at $4,525 per ton in 2022, standing approx. at the previous year. Over the period under review, the import price, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of 7.4%. Over the period under review, average import prices reached the maximum at $5,891 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($8,219 per ton), while the price for the Netherlands ($2,033 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Spice Price in Croatia (FOB) - 2022

In 2022, the average spice export price amounted to $7,184 per ton, surging by 11% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. The export price peaked at $8,822 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Spain ($22,119 per ton), while the average price for exports to the Netherlands ($2,385 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 Spain (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Spice Imports in Croatia

In 2022, spice imports into Croatia dropped to 3.4K tons, with a decrease of -5.4% compared with the year before. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of 3.6K tons, and then shrank in the following year.

In value terms, spice imports shrank slightly to $15M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $16M, and then reduced slightly in the following year.

Import of Spice in Croatia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2,481	2,254	3,060	3,518	12.3%
Austria	2,093	2,119	2,735	2,420	5.0%
Spain	1,612	1,797	2,154	1,834	4.4%
Hungary	609	785	919	1,223	26.2%
Netherlands	850	1,083	1,576	783	-2.7%
Poland	551	405	520	721	9.4%
Italy	639	707	618	718	4.0%
Serbia	682	666	815	607	-3.8%
Vietnam	227	299	474	574	36.2%
China	308	591	448	428	11.6%
Czech Republic	337	411	377	380	4.1%
Slovenia	376	371	417	353	-2.1%
Egypt	54.9	86.2	281	253	66.4%
Others	681	648	1,615	1,469	29.2%
Total	11,501	12,222	16,010	15,281	9.9%

Top Suppliers of Spice to Croatia in 2022:

Germany (574.2 tons)
Spain (539.0 tons)
Netherlands (384.9 tons)
Austria (294.4 tons)
Hungary (207.6 tons)
China (183.7 tons)
Poland (145.6 tons)
Slovenia (134.3 tons)
Vietnam (125.0 tons)
Egypt (117.0 tons)
Serbia (108.7 tons)
Italy (105.5 tons)
Czech Republic (66.8 tons)

Spice Exports in Croatia

After three years of growth, overseas shipments of spices decreased by -23.9% to 817 tons in 2022. In general, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 60%.

In value terms, spice exports shrank markedly to $5.9M in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.5% 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 +42.4% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $7M, and then declined markedly in the following year.

Export of Spice in Croatia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bosnia and Herzegovina	1,517	1,697	1,840	1,737	4.6%
Slovenia	1,174	1,282	1,479	1,434	6.9%
Spain	17.9	35.1	595	342	167.3%
Hungary	12.5	30.5	47.5	325	196.2%
Romania	13.2	116	208	215	153.5%
North Macedonia	199	242	243	213	2.3%
Kosovo	N/A	190	243	204	3.6%
Austria	46.4	171	239	191	60.3%
India	156	127	395	143	-2.9%
Czech Republic	123	199	179	141	4.7%
Serbia	275	115	87.5	128	-22.5%
Switzerland	112	128	99.1	118	1.8%
Netherlands	11.1	388	313	83.6	96.0%
Others	464	420	1,008	597	8.8%
Total	4,122	5,141	6,976	5,871	12.5%

Top Export Markets for Spice from Croatia in 2022:

Bosnia and Herzegovina (195.0 tons)
Slovenia (184.8 tons)
Hungary (67.9 tons)
India (51.0 tons)
Austria (48.5 tons)
Romania (41.7 tons)
Czech Republic (37.8 tons)
Netherlands (35.0 tons)
Serbia (30.9 tons)
Switzerland (20.3 tons)
North Macedonia (18.1 tons)
Kosovo (16.9 tons)
Spain (15.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the spice market in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 687 - Pepper
FCL 689 - Pimento
FCL 692 - Vanilla
FCL 693 - Cinnamon (canella)
FCL 698 - Cloves
FCL 702 - Nutmeg, mace, cardamoms
FCL 711 - Anise, badian, fennel
FCL 720 - Ginger
FCL 723 - Spices nes

Country coverage:

Croatia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Croatia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023