Croatia: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Croatia

In 2022, the Croatian sauce and seasoning market increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Sauce and seasoning consumption peaked in 2022 and is expected to retain growth in years to come.

Sauce And Seasoning Production in Croatia

In value terms, sauce and seasoning production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. Sauce and seasoning production peaked in 2022 and is expected to retain growth in years to come.

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Sauce And Seasoning Exports

Exports from Croatia

After ten years of growth, shipments abroad of sauces and seasonings decreased by X% to X tons in 2022. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, sauce and seasoning exports shrank to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell slightly in the following year.

Exports by Country

Poland (X tons), Slovenia (X tons) and Hungary (X tons) were the main destinations of sauce and seasoning exports from Croatia, together comprising X% of total exports. Germany, Bosnia and Herzegovina, Romania, Serbia, the Czech Republic, Slovakia, Australia, the United States, Kosovo and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovenia ($X) and Germany ($X) constituted the largest markets for sauce and seasoning exported from Croatia worldwide, together accounting for X% of total exports. Bosnia and Herzegovina, the United States, Hungary, Romania, Serbia, Australia, Kosovo, Slovakia, the Czech Republic and Austria lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average sauce and seasoning export price amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, recorded a pronounced slump. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 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 the United States ($X per ton), while the average price for exports to Hungary ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sauce And Seasoning Imports

Imports into Croatia

In 2022, purchases abroad of sauces and seasonings increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports posted a buoyant expansion. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, sauce and seasoning imports totaled $X in 2022. Over the period under review, 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. Based on 2022 figures, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Bosnia and Herzegovina (X tons) constituted the largest supplier of sauce and seasoning to Croatia, with a X% share of total imports. Moreover, sauce and seasoning imports from Bosnia and Herzegovina exceeded the figures recorded by the second-largest supplier, Serbia (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest sauce and seasoning suppliers to Croatia were Germany ($X), Serbia ($X) and Austria ($X), together comprising X% of total imports. Bosnia and Herzegovina, Italy, Slovenia, the Netherlands, Hungary and the Czech Republic lagged somewhat behind, together comprising a further X%.

Slovenia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sauce and seasoning import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was 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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