Report Update: May 1, 2024

Serbia - Ice Cream - Market Analysis, Forecast, Size, Trends And Insights

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Ice Cream Price in Serbia - 2023

Ice Cream Price in Serbia (FOB) - 2023

In September 2023, the average ice cream export price amounted to $3,300 per ton, surging by 3.3% against the previous month. Over the period from October 2022 to September 2023, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 35% against the previous month. Over the period under review, the average export prices reached the peak figure at $3,521 per ton in April 2023; however, from May 2023 to September 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was France ($5,464 per ton), while the average price for exports to North Macedonia ($2,118 per ton) was amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ice Cream Price in Serbia (CIF) - 2023

The average ice cream import price stood at $4,617 per ton in September 2023, surging by 17% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +3.1%. The pace of growth appeared the most rapid in March 2023 an increase of 18% month-to-month. The import price peaked in September 2023.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Croatia ($5,056 per ton), while the price for the Czech Republic ($2,493 per ton) was amongst the lowest.

From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Ice Cream Exports in Serbia

After three years of growth, overseas shipments of ice cream decreased by -10.2% to 27K tons in 2022. The total export volume increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of 30K tons, and then shrank in the following year.

In value terms, ice cream exports shrank to $69M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, the exports attained the peak of $76M, and then declined in the following year.

Export of Ice Cream in Serbia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bulgaria	9.2	12.7	15.2	12.5	10.8%
Greece	12.9	11.9	13.1	11.4	-4.0%
Montenegro	6.6	4.3	6.2	6.7	0.5%
Bosnia and Herzegovina	3.6	3.9	6.1	5.3	13.8%
Romania	3.7	3.7	4.7	4.4	5.9%
United Kingdom	4.8	3.7	7.8	4.0	-5.9%
Poland	2.8	1.6	3.3	3.8	10.7%
North Macedonia	4.5	3.6	4.4	3.4	-8.9%
Germany	0.5	1.4	3.1	3.4	89.5%
United States	N/A	N/A	2.5	3.2	28.0%
Croatia	0.5	2.5	3.1	2.7	75.4%
Spain	0.7	0.8	1.3	1.9	39.5%
Others	1.0	2.0	5.0	6.3	84.7%
Total	50.9	52.4	75.9	69.1	10.7%

Top Export Markets for Ice Cream from Serbia in 2022:

Bulgaria (6.0K tons)
Greece (5.1K tons)
Poland (2.1K tons)
Bosnia and Herzegovina (2.1K tons)
Romania (1.9K tons)
Montenegro (1.8K tons)
United States (1.3K tons)
Germany (1.3K tons)
United Kingdom (1.0K tons)
Croatia (1.0K tons)
North Macedonia (0.9K tons)
Spain (0.7K tons)

Ice Cream Imports in Serbia

In 2022, approx. 9.6K tons of ice cream were imported into Serbia; with an increase of 22% compared with 2021. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.5% 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 +74.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 44% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ice cream imports surged to $29M in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.7% 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 +93.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 44% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Import of Ice Cream in Serbia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	4.8	6.8	8.3	11.0	31.8%
Croatia	2.9	2.5	4.9	5.6	24.5%
Poland	2.9	4.1	2.7	3.9	10.4%
Belgium	1.5	4.4	4.4	3.9	37.5%
Italy	0.9	0.8	0.7	1.5	18.6%
Slovenia	0.4	1.0	1.0	1.1	40.1%
North Macedonia	0.5	0.5	0.7	0.7	11.9%
Others	1.3	1.9	2.3	1.8	11.5%
Total	15.2	21.9	24.9	29.4	24.6%

Top Suppliers of Ice Cream to Serbia in 2022:

Germany (3.5K tons)
Croatia (1.7K tons)
Poland (1.6K tons)
Belgium (1.2K tons)
Italy (0.5K tons)
North Macedonia (0.3K tons)
Slovenia (0.3K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ice cream market in Serbia. 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.

Product coverage:

Prodcom 10521000 - Ice cream and other edible ice (including sherbet, lollipops) (excluding mixes and bases for ice cream)

Country coverage:

Serbia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Serbia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023