Serbia: Market for Coffee (Decaffeinated or Roasted) 2024

Market Size for Coffee (Decaffeinated or Roasted) in Serbia

The Serbian decaffeinated or roasted coffee market expanded markedly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Coffee (Decaffeinated or Roasted) in Serbia

In value terms, decaffeinated or roasted coffee production reached $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Coffee (Decaffeinated or Roasted)

Exports from Serbia

In 2022, shipments abroad of coffee (decaffeinated or roasted) increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, total exports indicated a strong increase from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, decaffeinated or roasted coffee exports soared to $X in 2022. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Austria (X tons), Russia (X tons) and Germany (X tons) were the main destinations of decaffeinated or roasted coffee exports from Serbia, with a combined X% share of total exports. North Macedonia, Montenegro, Slovenia, Bosnia and Herzegovina, Australia, the United States, the Netherlands, Switzerland, Italy and Canada lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for decaffeinated or roasted coffee exported from Serbia were Russia ($X), Austria ($X) and Montenegro ($X), with a combined X% share of total exports. North Macedonia, Germany, Bosnia and Herzegovina, Slovenia, the Netherlands, Australia, the United States, Switzerland, Italy and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average decaffeinated or roasted coffee export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Russia ($X per ton), while the average price for exports to Austria ($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 Montenegro (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coffee (Decaffeinated or Roasted)

Imports into Serbia

In 2022, supplies from abroad of coffee (decaffeinated or roasted) increased by X% to X tons, rising for the fifth year in a row after two years of decline. In general, imports posted prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, decaffeinated or roasted coffee imports skyrocketed to $X in 2022. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Italy (X tons) constituted the largest decaffeinated or roasted coffee supplier to Serbia, accounting for a X% share of total imports. Moreover, decaffeinated or roasted coffee imports from Italy exceeded the figures recorded by the second-largest supplier, Greece (X tons), twofold. Croatia (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 Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Croatia (X% per year).

In value terms, Italy ($X) constituted the largest supplier of coffee (decaffeinated or roasted) to Serbia, comprising X% of total imports. The second position in the ranking was taken by Greece ($X), with an X% share of total imports. It was followed by Croatia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (X% per year) and Croatia (X% per year).

Import Prices by Country

In 2022, the average decaffeinated or roasted coffee import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform