Serbia: Chili And Pepper Market 2025

Chili And Pepper Market Size in Serbia

The Serbian chili and pepper market contracted to $X in 2022, which is down by -5.2% against the previous year. Overall, consumption, however, enjoyed prominent growth. Chili and pepper consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Chili And Pepper Production in Serbia

In value terms, chili and pepper production contracted modestly to $X in 2022 estimated in export price. In general, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

In 2022, the average yield of chilies and peppers (green) in Serbia contracted to X tons per ha, waning by -12.6% on the year before. Overall, the yield indicated a strong increase from 2012 to 2022: its figure increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chili and pepper yield increased by +17.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, the yield reached the peak level of X tons per ha, and then dropped in the following year. 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 chilies and peppers (green) production in Serbia contracted to X ha, approximately equating the previous year's figure. Over the period under review, the harvested area saw a slight reduction. The most prominent rate of growth was recorded in 2015 when the harvested area increased by 25% against the previous year. Over the period under review, the harvested area dedicated to chili and pepper production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Chili And Pepper Exports

Exports from Serbia

In 2022, exports of chilies and peppers (green) from Serbia shrank to X tons, with a decrease of -13.9% on the year before. Overall, exports recorded a deep reduction. The growth pace was the most rapid in 2015 when exports increased by 58% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, chili and pepper exports reduced to $X in 2022. Over the period under review, exports showed a slight contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 41% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X tons), Croatia (X tons) and Slovakia (X tons) were the main destinations of chili and pepper exports from Serbia, together comprising 75% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +53.8%), while the other leaders experienced a decline.

In value terms, the largest markets for chili and pepper exported from Serbia were Croatia ($X), Bosnia and Herzegovina ($X) and Slovenia ($X), together comprising 75% of total exports. Slovakia, Montenegro, Hungary, Germany and Romania lagged somewhat behind, together accounting for a further 22%.

Slovakia, with a CAGR of +45.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chili and pepper export price amounted to $X per ton, rising by 8.4% against the previous year. In general, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chili and pepper export price increased by +43.4% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 38%. As a result, the export price reached the peak level of $X per ton. From 2015 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 Romania ($X per ton), while the average price for exports to Slovakia ($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 Romania (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Serbia

In 2022, after five years of growth, there was significant decline in supplies from abroad of chilies and peppers (green), when their volume decreased by -19.5% to X tons. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 49% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, chili and pepper imports rose slightly to $X in 2022. Overall, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Albania (X tons), North Macedonia (X tons) and Turkey (X tons) were the main suppliers of chili and pepper imports to Serbia, together accounting for 78% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Albania (with a CAGR of +53.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Albania ($X), Turkey ($X) and Greece ($X) appeared to be the largest chili and pepper suppliers to Serbia, with a combined 67% share of total imports.

In terms of the main suppliers, Albania, with a CAGR of +64.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chili and pepper import price stood at $X per ton in 2022, growing by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform