Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Serbia - 2023

Contents:

  1. Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Serbia (CIF) - 2022
  2. Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Serbia (FOB) - 2022
  3. Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Serbia
  4. Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Serbia

Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Serbia (CIF) - 2022

The average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $4,034 per ton in 2022, surging by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($4,110 per ton), while the price for Croatia stood at $3,044 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Serbia (FOB) - 2022

In 2022, the average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $4,616 per ton, approximately equating the previous year. Over the period under review, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.0% 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 fish fillets; frozen, hake (merluccius spp., urophycis spp.)s decreased by +0.8% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average export price increased by 44%. Over the period under review, the average export prices reached the peak figure at $5,354 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($4,798 per ton), while the average price for exports to North Macedonia amounted to $4,012 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Serbia

In 2022, supplies from abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s was finally on the rise to reach 315 tons after two years of decline. Over the period under review, imports, however, recorded a pronounced reduction.

In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s skyrocketed to $1.3M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina5934085241,16825.4%
Croatia20516716291.2-23.7%
China10897.114.8N/A-63.0%
North Macedonia65.251.983.9N/A13.4%
Others20327516512.7-60.3%
Total1,1759999501,2722.7%

Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Serbia in 2022:

  1. Argentina (284.3 tons)
  2. Croatia (30.0 tons)

Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Serbia

In 2022, the amount of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s exported from Serbia skyrocketed to 6.3 tons, increasing by 21% on the previous year. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 335%. As a result, the exports reached the peak of 7.4 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s soared to $29K in 2022. Over the period under review, exports showed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 338%. As a result, the exports reached the peak of $34K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Montenegro4.79.718.023.270.3%
North Macedonia1.83.25.45.847.7%
Ireland1.3N/AN/AN/A0%
CroatiaN/A10.3N/AN/A0%
OthersN/A10.70.7N/A-93.5%
Total7.733.924.129.055.6%

Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Serbia in 2022:

  1. Montenegro (4.8 tons)
  2. North Macedonia (1.5 tons)

Source: IndexBox Market Intelligence Platform

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