Unannounced excise tax hikes may create further price instability in spirits over the forecast period, as the Croatian government looks to boost its financial reserves which have been depleted during the pandemic. Excise taxes have previously been increased in cooperation with neighbouring markets in order to avoid massive changes to cross-border shopping; however, this does not appear to be a factor any more.
Premium spirits saw growing pressure in 2022 due to rising prices, and this is expected to remain a key issue in 2023 with inflation picking up pace and disposable incomes declining. Many consumers will increasingly look for price promotions and discounts, especially for higher quality spirits, as they will try to save money on non-essential products.
There are clear signs that the on-trade consumption of spirits will be on a decent growth trajectory over the forecast period. 2022 was only a prelude, showing a strong recovery in tourism despite high inflation.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Spirits industry in Croatia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Spirits industry in Croatia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty
This is the aggregation of whisk(e)y, brandy and Cognac, white spirits, rum, tequila, liqueurs and other spirits.See All of Our Definitions
This report originates from Passport, our Spirits research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!