
Croatia - Sugars, Sugar Ethers and Salts - Market Analysis, Forecast, Size, Trends and Insights
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Croatia: Sugars Market 2022
Sugars Market Size in Croatia
The Croatian sugars market soared to $X in 2021, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a strong increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see gradual growth in the immediate term.
Sugars Exports
Exports from Croatia
In 2021, shipments abroad of sugars, sugar ethers and salts was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, sugars exports soared to $X in 2021. Overall, exports, however, recorded a abrupt contraction. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
Exports by Country
Hungary (X tons) was the main destination for sugars exports from Croatia, with a X% share of total exports. Moreover, sugars exports to Hungary exceeded the volume sent to the second major destination, North Macedonia (X tons), fivefold.
From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-X% per year) and Slovenia (+X% per year).
In value terms, Hungary ($X) emerged as the key foreign market for sugars exports from Croatia, comprising X% of total exports. The second position in the ranking was occupied by North Macedonia ($X), with an X% share of total exports.
From 2012 to 2021, the average annual growth rate of value to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (-X% per year) and Slovenia (-X% per year).
Export Prices by Country
The average sugars export price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Slovenia ($X per ton), while the average price for exports to North Macedonia ($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 Hungary (X%), while the prices for the other major destinations experienced a decline.
Sugars Imports
Imports into Croatia
In 2021, imports of sugars, sugar ethers and salts into Croatia surged to X tons, picking up by X% on 2020. Overall, imports saw a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.
In value terms, sugars imports soared to $X in 2021. In general, imports saw strong growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.
Imports by Country
In 2021, Austria (X tons) constituted the largest supplier of sugars to Croatia, with a X% share of total imports. Moreover, sugars imports from Austria exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. China (X tons) ranked third in terms of total imports with an X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Austria stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+X% per year) and China (+X% per year).
In value terms, China ($X), Austria ($X) and Japan ($X) constituted the largest sugars suppliers to Croatia, together comprising X% of total imports. Germany, Poland, the Netherlands and France lagged somewhat behind, together comprising a further X Netherlands, with a CAGR of +X%, saw the highest growth rate of the value of imports, in terms of 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 sugars import price stood at $X per ton in 2021, rising by X% against the previous year. In general, the import price, however, recorded a perceptible decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for France ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the sugars market in Croatia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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