Croatia: Chocolate Market 2024

Chocolate Market Size in Croatia

In 2022, after seven years of growth, there was decline in the Croatian chocolate market, when its value decreased by X% to $X. Over the period under review, consumption, however, recorded a buoyant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted modestly in the following year.

Chocolate Production in Croatia

In value terms, chocolate production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Chocolate Exports

Exports from Croatia

In 2022, overseas shipments of chocolate and other food preparations containing cocoa were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, chocolate exports surged to $X in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for chocolate exports from Croatia, accounting for a X% share of total exports. Moreover, chocolate exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. The third position in this ranking was held by Austria (X tons), with a X% share.

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

In value terms, Germany ($X) emerged as the key foreign market for chocolate and other food preparations containing cocoa exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

The average chocolate export price stood at $X per ton in 2022, with a decrease of 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%. The export price peaked at $X per ton in 2021, and then declined modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Slovenia ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chocolate Imports

Imports into Croatia

For the eighth consecutive year, Croatia recorded growth in supplies from abroad of chocolate and other food preparations containing cocoa, which increased by X% to X tons in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, chocolate imports surged to $X in 2022. In general, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Serbia (X tons) constituted the largest chocolate supplier to Croatia, with a X% share of total imports. Moreover, chocolate imports from Serbia exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was held by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Serbia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

In value terms, Serbia ($X) constituted the largest supplier of chocolate and other food preparations containing cocoa to Croatia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by Belgium, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Serbia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the average chocolate import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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