Price for Spices; Mixtures of 2 or More Products of the Same Heading in Croatia - 2023
Contents:
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Croatia (CIF) - 2023
- Price for Spices; Mixtures of 2 or More Products of the Same Heading in Croatia (FOB) - 2022
- Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Croatia
- Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Croatia
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Croatia (CIF) - 2023
In October 2023, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $15,390 per ton, jumping by 128% against the previous month. In general, the import price posted strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Turkey.
From October 2022 to October 2023, the rate of growth in terms of prices for Slovenia amounted to +18.7% per month.
Price for Spices; Mixtures of 2 or More Products of the Same Heading in Croatia (FOB) - 2022
In 2022, the average export price for spices; mixtures of 2 or more products of the same heading amounted to $15,564 per ton, approximately reflecting the previous year. In general, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for spices; mixtures of 2 or more products of the same heading increased by +2.2% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 75% against the previous year. Over the period under review, the average export prices attained the maximum at $17,701 per ton in 2019; however, from 2020 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 Kosovo ($34,265 per ton), while the average price for exports to Germany ($5,436 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 Kosovo (+40.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Croatia
In 2022, imports of spices; mixtures of 2 or more products of the same heading into Croatia dropped to 178 tons, declining by -10.7% compared with the previous year. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 57% against the previous year. As a result, imports attained the peak of 200 tons, and then contracted in the following year.
In value terms, imports of spices; mixtures of 2 or more products of the same heading fell to $1.1M in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, imports reached the peak of $1.2M, and then reduced in the following year.
| Import of Spices; Mixtures of 2 or More Products of the Same Heading in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 168 | 114 | 232 | 283 | 19.0% |
| Germany | 160 | 190 | 143 | 174 | 2.8% |
| Austria | 131 | 129 | 176 | 143 | 3.0% |
| Spain | 77.0 | 167 | 176 | 97.7 | 8.3% |
| Syrian Arab Republic | N/A | N/A | 134 | 84.0 | -37.3% |
| Hungary | 62.3 | 34.9 | 51.2 | 77.4 | 7.5% |
| Poland | 43.0 | 36.7 | 42.7 | 72.4 | 19.0% |
| Albania | 25.2 | 7.9 | 32.9 | 56.7 | 31.0% |
| Lithuania | N/A | 0.9 | 44.9 | 19.1 | 360.7% |
| Latvia | 51.2 | 51.3 | 4.4 | N/A | -70.7% |
| Others | 162 | 199 | 139 | 98.5 | -15.3% |
| Total | 879 | 931 | 1,175 | 1,106 | 8.0% |
Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Croatia in 2022:
- Syrian Arab Republic (36.1 tons)
- Albania (30.7 tons)
- Italy (29.5 tons)
- Hungary (21.6 tons)
- Germany (20.2 tons)
- Poland (11.6 tons)
- Austria (7.8 tons)
- Lithuania (5.7 tons)
- Spain (5.6 tons)
Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Croatia
In 2022, approx. 26 tons of spices; mixtures of 2 or more products of the same heading were exported from Croatia; dropping by -9.3% against the previous year. The total export volume increased at an average annual rate of +4.7% over the period from 2019 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 32% against the previous year. As a result, the exports attained the peak of 29 tons, and then reduced in the following year.
In value terms, exports of spices; mixtures of 2 or more products of the same heading dropped to $410K in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, the exports attained the peak of $448K, and then declined in the following year.
| Export of Spices; Mixtures of 2 or More Products of the Same Heading in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 107 | 115 | 149 | 168 | 16.2% |
| Slovenia | 228 | 161 | 198 | 154 | -12.3% |
| Kosovo | N/A | 14.3 | 23.4 | 19.4 | 16.5% |
| Montenegro | 17.6 | 11.2 | 16.6 | 17.8 | 0.4% |
| Germany | 12.1 | 5.1 | 3.8 | 6.0 | -20.8% |
| Netherlands | N/A | 6.2 | 5.4 | 2.4 | -37.8% |
| Others | 41.4 | 20.9 | 52.2 | 43.1 | 1.4% |
| Total | 406 | 334 | 448 | 410 | 0.3% |
Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Croatia in 2022:
- Bosnia and Herzegovina (16.9 tons)
- Slovenia (4.7 tons)
- Montenegro (1.1 tons)
- Germany (1.1 tons)
- Kosovo (0.6 tons)
- Netherlands (0.4 tons)
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