Serbia: Green Bean Market 2024

Green Bean Market Size in Serbia

The Serbian green bean market stood at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +3.8% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Green Bean Production in Serbia

In value terms, green bean production rose remarkably to $X in 2022 estimated in export price. In general, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 167% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

In 2022, the average yield of green beans in Serbia declined to X tons per ha, remaining constant against the year before. The yield figure increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2013 when the yield increased by 57% against the previous year. As a result, the yield attained the peak level of X tons per ha. From 2014 to 2022, the growth of the average green bean yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of green beans were harvested in Serbia; remaining constant against 2021 figures. Over the period under review, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the harvested area increased by 1.4% against the previous year. Over the period under review, the harvested area dedicated to green bean production attained the peak figure at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Green Bean Exports

Exports from Serbia

In 2022, exports of green beans from Serbia skyrocketed to X tons, rising by 489% compared with the previous year. Overall, exports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2020 with an increase of 752% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, green bean exports surged to $X in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 790%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Montenegro (X tons) and the United States (X tons) were the main destinations of green bean exports from Serbia.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +17.3%).

In value terms, the United States ($X) remains the key foreign market for green beans exports from Serbia, comprising 71% of total exports. The second position in the ranking was held by Montenegro ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +19.5%.

Export Prices by Country

In 2022, the average green bean export price amounted to $X per ton, which is down by -34.9% against the previous year. In general, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 152%. As a result, the export price attained the peak level of $X per ton, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Montenegro stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Green Bean Imports

Imports into Serbia

For the third year in a row, Serbia recorded decline in supplies from abroad of green beans, which decreased by -18% to X tons in 2022. Overall, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2019 when imports increased by 224% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, green bean imports contracted markedly to $X in 2022. Over the period under review, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 218%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Albania (X tons) constituted the largest supplier of green bean to Serbia, with a 85% share of total imports. Moreover, green bean imports from Albania exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Albania totaled +60.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+31.1% per year) and Morocco (-20.0% per year).

In value terms, Albania ($X) constituted the largest supplier of green beans to Serbia, comprising 83% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Albania totaled +79.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+24.8% per year) and Morocco (-12.7% per year).

Import Prices by Country

In 2022, the average green bean import price amounted to $X per ton, shrinking by -8.1% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, green bean import price increased by +124.9% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 74%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform