Croatia: Chewing Gum Market 2024

Chewing Gum Market Size in Croatia

The Croatian chewing gum market reduced to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a deep downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Chewing Gum Production in Croatia

In value terms, chewing gum production dropped to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Chewing Gum Exports

Exports from Croatia

In 2022, approx. X tons of chewing gum were exported from Croatia; increasing by X% against the previous year's figure. In general, exports showed a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, chewing gum exports skyrocketed to $X in 2022. Overall, exports saw a significant expansion. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X tons) was the main destination for chewing gum exports from Croatia, with a X% share of total exports. Moreover, chewing gum exports to Serbia exceeded the volume sent to the second major destination, Bulgaria (X tons), sixfold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, Serbia ($X) remains the key foreign market for chewing gum exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Serbia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average chewing gum export price amounted to $X per ton, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 Serbia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chewing Gum Imports

Imports into Croatia

In 2022, supplies from abroad of chewing gum increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, chewing gum imports surged to $X in 2022. In general, total imports indicated a strong increase 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. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Hungary (X tons), North Macedonia (X tons) and Spain (X tons) were the main suppliers of chewing gum imports to Croatia, with a combined X% share of total imports. Germany, Turkey, Slovenia and Slovakia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chewing gum suppliers to Croatia were Hungary ($X), Germany ($X) and Slovenia ($X), with a combined X% share of total imports.

In terms of the main suppliers, Slovenia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chewing gum import price stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton; 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 Slovakia ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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