Serbia: Poppy Seed Market 2024

Poppy Seed Market Size in Serbia

In 2022, the Serbian poppy seed market decreased by X% to $X, falling for the third consecutive year after two years of growth. In general, consumption faced a deep contraction. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Poppy Seed Production in Serbia

In value terms, poppy seed production declined to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Poppy seed production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average yield of poppy seed in Serbia reached X tons per ha, remaining stable against the previous year's figure. Over the period under review, the yield, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by X% against the previous year. Over the period under review, the average poppy seed yield reached the peak level at X tons per ha in 2013; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of poppy seed production in Serbia shrank to X ha, approximately mirroring the previous year's figure. In general, the harvested area, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The poppy seed harvested area peaked at X ha in 2021, and then contracted slightly in the following year.

Poppy Seed Exports

Exports from Serbia

In 2022, the amount of poppy seed exported from Serbia soared to X tons, picking up by X% compared with 2021. Overall, exports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, poppy seed exports surged to $X in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

The Czech Republic (X tons) was the main destination for poppy seed exports from Serbia, with a X% share of total exports. Moreover, poppy seed exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Montenegro (X% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for poppy seed exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Montenegro (X% per year).

Export Prices by Country

In 2022, the average poppy seed export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price saw a abrupt slump. The growth pace was the most rapid in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to the Czech Republic ($X 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 Hungary (X%), while the prices for the other major destinations experienced mixed trend patterns.

Poppy Seed Imports

Imports into Serbia

In 2022, overseas purchases of poppy seed increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, poppy seed imports skyrocketed to $X in 2022. In general, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of poppy seed to Serbia, accounting for a X% share of total imports. Moreover, poppy seed imports from Spain exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and the Czech Republic (X% per year).

In value terms, Spain ($X) constituted the largest supplier of poppy seed to Serbia, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2022, the average poppy seed import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, poppy seed import price decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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