Croatia: Prepared Mustard Market 2024

Prepared Mustard Market Size in Croatia

For the fourth consecutive year, the Croatian prepared mustard market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; afterwards, it flattened through to 2023.

Prepared Mustard Production in Croatia

In value terms, prepared mustard production fell slightly to $X in 2023 estimated in export price. Overall, production, however, saw a slight contraction. The growth pace was the most rapid in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Prepared Mustard Exports

Exports from Croatia

In 2023, overseas shipments of prepared mustard decreased by X% to X tons, falling for the second year in a row after five years of growth. In general, exports, however, posted a resilient increase. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, prepared mustard exports surged to $X in 2023. Over the period under review, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Slovenia (X tons) was the main destination for prepared mustard exports from Croatia, with a X% share of total exports. Moreover, prepared mustard exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), threefold. Serbia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Slovenia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Serbia (X% per year).

In value terms, Slovenia ($X) remains the key foreign market for prepared mustard exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by North Macedonia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Slovenia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and North Macedonia (X% per year).

Export Prices by Country

In 2023, the average prepared mustard export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Serbia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Mustard Imports

Imports into Croatia

In 2023, purchases abroad of prepared mustard increased by X% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, prepared mustard imports surged to $X in 2023. Overall, total imports indicated a strong increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2023 and are likely to see gradual growth in years to come.

Imports by Country

Serbia (X tons), Austria (X tons) and the Czech Republic (X tons) were the main suppliers of prepared mustard imports to Croatia, with a combined X% share of total imports. Germany, Slovenia, Poland and Hungary lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Austria ($X) and Germany ($X) appeared to be the largest prepared mustard suppliers to Croatia, with a combined X% share of total imports. The Czech Republic, Slovenia, Poland and Hungary lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, recorded 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

In 2023, the average prepared mustard import price amounted to $X per ton, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, 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