Croatia: Spice Market 2024

Spice Market Size in Croatia

In 2022, the Croatian spice market increased by X% to $X, rising for the second consecutive year 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 remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Spice consumption peaked in 2022 and is expected to retain growth in the immediate term.

Spice Exports

Exports from Croatia

In 2022, after two years of growth, there was significant decline in shipments abroad of spices, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, spice exports declined sharply to $X in 2022. Overall, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell notably in the following year.

Exports by Country

Bosnia and Herzegovina (X tons), Slovenia (X tons) and Hungary (X tons) were the main destinations of spice exports from Croatia, together accounting for X% of total exports. India, Austria, Romania, the Czech Republic, the Netherlands, Serbia, Switzerland, North Macedonia, Kosovo and Spain 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, the largest markets for spice exported from Croatia were Bosnia and Herzegovina ($X), Slovenia ($X) and Spain ($X), with a combined X% share of total exports. Hungary, Romania, North Macedonia, Kosovo, Austria, India, the Czech Republic, Serbia, Switzerland and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Romania, with a CAGR of X%, recorded 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 spice export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($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 Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Spice Imports

Imports into Croatia

Spice imports into Croatia shrank to X tons in 2022, declining by X% against 2021. In general, total imports indicated a resilient increase from 2012 to 2022: its volume 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 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, spice imports declined to $X in 2022. The total import 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 in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced modestly in the following year.

Imports by Country

Germany (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of spice imports to Croatia, together comprising X% of total imports. Austria, Hungary, China, Poland, Slovenia, Vietnam, Egypt, Serbia and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spice suppliers to Croatia were Germany ($X), Austria ($X) and Spain ($X), with a combined X% share of total imports. Hungary, the Netherlands, Poland, Italy, Serbia, Vietnam, China, Slovenia and Egypt lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Italy, 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 spice import price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the import price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Austria ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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