Soups and broths market in Croatia

Earlier Report Observations

The market volume for soups and broths in Croatia increased from 1.9 thousand tons in 2018 to 2.6 thousand tons in 2024, with significant growth in 2021 and 2023. In value terms, the market expanded steadily from $9.6 million to $16.5 million over the same period, reflecting both volume growth and higher unit prices.

The market jump in 2021, when volume rose by 28% to 2.4 thousand tons, was supported by a 20% increase in the total value of industrial production in Croatia, which boosted output across the food sector. Another surge occurred in 2023, with volume climbing 13% to 2.6 thousand tons, coinciding with an 8.4% rise in industrial production value. The temporary dip in 2022, when volume fell by 2.7% to 2.3 thousand tons, followed a product recall due to safety concerns, indicating tighter quality control that may have affected consumer confidence.

By 2024, the market volume stabilized at 2.6 thousand tons, while the value continued to grow, reaching $16.5 million, suggesting a shift toward more premium products or higher pricing within the category.

Production soups and broths in Croatia

In value, 2017-2020, K $ US

Croatia's soups and broths production has increased for the third consecutive year. In 2020, output was valued at 33 913 thousand US dollars, showing a moderate year-over-year increase of 3.5%. Over the period from 2017 to 2020, production grew by 13.7%, with a compound annual growth rate of 4.4%.

Annual dynamics of production in Croatia in value, 2017-2020, K $ US

In kind, 2017-2020, t

Croatia's soups and broths production has increased for the third consecutive year. In 2020, 7 589 tonnes were produced, marking a moderate gain of 3.5% compared to 2019. Between 2017 and 2020, production rose by 11.5%, which equates to an annualized growth rate of 3.7%.

Annual dynamics of production in Croatia in kind, 2017-2020, t

Exports soups and broths from Croatia

Exports in kind, t

Soups and broths deliveries from Croatia declined for the second consecutive year. In 2020, export volume reached 6 999 tonnes, representing a robust decline of 19.5% compared to the previous year. The maximum volume was recorded in 2018 at 8 721 tonnes, with the largest increase that year of 26.3%.

Annual dynamics of product's exports from Croatia in kind, 2017-2020, t

From 2017 to 2020, the country breakdown of exports in kind was scattered. Serbia accounted for 26.9% of exports, Bosnia and Herzegovina for 13.7%, and North Macedonia for 8.2%. Together, these three partners made up 48.7% of total flows, with no single country emerging as clearly dominant.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Croatia in kind, 2017-2020

Exports in value, K $ US

Croatia's soups and broths exports declined for the second consecutive year. In 2020, exports totalled 26 658 thousand US dollars, corresponding to a limited decline of 8.5% from 2019. Over the period from 2017 to 2020, exports increased by 9.6%, with a compound annual growth rate of 3.1%. The maximum value was recorded in 2018 at 29 977 thousand US dollars, with the largest increase that year of 23.3%.

Annual dynamics of product's exports from Croatia in value, 2017-2020, K $ US

Throughout 2017 to 2020, Serbia, Bosnia and Herzegovina, and North Macedonia formed the core of exports in value terms. Serbia accounted for 26.1% of exports, Bosnia and Herzegovina for 17.5%, and North Macedonia for 9.7%. Together, these three countries took 53.3% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Croatia in value, 2017-2020

Imports soups and broths to Croatia

Imports in kind, t

Volatility characterized the market behavior during these years. Import volumes peaked in 2018 and dropped to their lowest point in 2020, with a top-to-bottom ratio of 2.9 times. In 2020, soups and broths deliveries to Croatia amounted to 1 273 tonnes, indicating a sharp contraction of 61.8% compared to 2019. The maximum volume was recorded in 2018 at 3 710 tonnes, with the largest increase that year of 110.8%.

Annual dynamics of product's imports to Croatia in kind, 2017-2020, t

Throughout 2017 to 2020, Serbia concentrated 72.4% of total imports in kind, while the remaining volume was shared among many countries with smaller individual shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Croatia in kind, 2017-2020

Imports in value, K $ US

Volatility characterized the market behavior during these years. The highest value was recorded in 2018, while the lowest occurred in 2020, with a peak-to-trough ratio of 1.9 times. In 2020, Croatia imported soups and broths valued at 26 658 thousand US dollars, corresponding to a decline of 41.4% year-over-year. The maximum value was recorded in 2018 at 7 988 thousand US dollars, with the largest increase that year of 78.2%.

Annual dynamics of product's imports to Croatia in value, 2017-2020, K $ US

Throughout 2017 to 2020, Serbia, Hungary, and Italy remained the key partners in imports in value terms. Serbia accounted for 61.5% of imports, Hungary for 12.2%, and Italy for 8.1%. Together, these three countries accounted for 81.9% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Croatia in value, 2017-2020