Croatia: Market for Chocolate Bars With Fillings 2022

Market Size for Chocolate Bars With Fillings in Croatia

The Croatian chocolate bar with filling market declined markedly to $X in 2021, dropping by -55.7% against the previous year. Over the period under review, consumption saw a abrupt setback. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Chocolate Bars With Fillings in Croatia

In value terms, chocolate bar with filling production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 139%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Chocolate Bars With Fillings

Exports from Croatia

Chocolate bar with filling exports from Croatia soared to X tons in 2021, growing by 29% compared with 2020 figures. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 45%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, chocolate bar with filling exports soared to $X in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 57%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

Germany (X tons) was the main destination for chocolate bar with filling exports from Croatia, accounting for a 44% share of total exports. Moreover, chocolate bar with filling exports to Germany exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), threefold. The third position in this ranking was held by Slovenia (X tons), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +99.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+5.8% per year) and Slovenia (+27.9% per year).

In value terms, Germany ($X) remains the key foreign market for chocolate bar with filling exports from Croatia, comprising 60% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 12% share of total exports. It was followed by Bosnia and Herzegovina, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +78.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+32.2% per year) and Bosnia and Herzegovina (+7.2% per year).

Export Prices by Country

The average chocolate bar with filling export price stood at $X per ton in 2021, rising by 2.9% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, chocolate bar with filling export price decreased by -2.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chocolate Bars With Fillings

Imports into Croatia

In 2021, the amount of chocolate bars with fillings imported into Croatia expanded rapidly to X tons, rising by 5.8% compared with the previous year. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2014 when imports increased by 54%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, chocolate bar with filling imports expanded markedly to $X in 2021. Overall, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 56% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

Austria (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of chocolate bar with filling imports to Croatia, together comprising 75% of total imports. Slovakia, Hungary, Bulgaria, Spain and Poland lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +76.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest chocolate bar with filling suppliers to Croatia were Germany ($X), Austria ($X) and the Netherlands ($X), with a combined 73% share of total imports. These countries were followed by Hungary, Slovakia, Poland, Spain and Bulgaria, which together accounted for a further 18%.

Among the main suppliers, Slovakia, with a CAGR of +64.5%, recorded the highest growth rate of 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

In 2021, the average chocolate bar with filling import price amounted to $X per ton, surging by 5.4% against the previous year. Overall, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2013 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hungary ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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