Price for Vegetable Products Not Elsewhere Specified or Included in Serbia - 2024

Contents:

1. Price for Vegetable Products Not Elsewhere Specified or Included in Serbia (CIF) - 2022
2. Price for Vegetable Products Not Elsewhere Specified or Included in Serbia (FOB) - 2022
3. Imports of Vegetable Products Not Elsewhere Specified or Included in Serbia
4. Exports of Vegetable Products Not Elsewhere Specified or Included in Serbia

Price for Vegetable Products Not Elsewhere Specified or Included in Serbia (CIF) - 2022

The average import price for vegetable products not elsewhere specified or includeds stood at $2,113 per ton in 2022, increasing by 41% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for vegetable products not elsewhere specified or includeds increased by +96.3% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 56%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,898 per ton), while the price for Moldova ($464 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vegetable Products Not Elsewhere Specified or Included in Serbia (FOB) - 2022

In 2022, the average export price for vegetable products not elsewhere specified or includeds amounted to $1,010 per ton, declining by -5.6% against the previous year. In general, the export price, however, continues to indicate notable growth. The pace of growth appeared the most rapid in 2020 an increase of 105%. As a result, the export price attained the peak level of $1,091 per ton. From 2021 to 2022, the average export prices remained 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 Italy ($1,763 per ton), while the average price for exports to Bosnia and Herzegovina ($281 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 North Macedonia (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vegetable Products Not Elsewhere Specified or Included in Serbia

For the fourth consecutive year, Serbia recorded growth in overseas purchases of vegetable products not elsewhere specified or includeds, which increased by 19% to 1.9K tons in 2022. The total import volume increased at an average annual rate of +11.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vegetable products not elsewhere specified or includeds soared to $4.1M in 2022. In general, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Vegetable Products Not Elsewhere Specified or Included to Serbia in 2022:

1. China (828.2 tons)
2. Uzbekistan (473.7 tons)
3. Lesotho (267.1 tons)
4. South Africa (179.9 tons)
5. Turkey (92.2 tons)
6. Moldova (65.8 tons)

Exports of Vegetable Products Not Elsewhere Specified or Included in Serbia

In 2022, overseas shipments of vegetable products not elsewhere specified or includeds decreased by -13.5% to 350 tons, falling for the second consecutive year after two years of growth. Overall, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 2.4%. As a result, the exports reached the peak of 616 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of vegetable products not elsewhere specified or includeds fell notably to $353K in 2022. In general, exports, however, saw temperate growth. The growth pace was the most rapid in 2020 when exports increased by 110% against the previous year. As a result, the exports attained the peak of $673K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Vegetable Products Not Elsewhere Specified or Included from Serbia in 2022:

1. Bosnia and Herzegovina (84.9 tons)
2. Italy (75.9 tons)
3. Hungary (73.7 tons)
4. North Macedonia (42.4 tons)
5. Bulgaria (35.3 tons)
6. Montenegro (10.9 tons)
7. Romania (9.5 tons)

Source: IndexBox Market Intelligence Platform