Serbia: Market for Crispbread, Rusks and Toasted Bread 2025

Market Size for Crispbread, Rusks and Toasted Bread in Serbia

In 2022, the Serbian market for crispbread, rusks and toasted bread increased by 13% to $X, rising for the seventh year in a row after three years of decline. In general, consumption posted a remarkable increase. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Production of Crispbread, Rusks and Toasted Bread in Serbia

In value terms, crispbread, rusk and toasted bread production soared to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when the production volume increased by 44% against the previous year. Crispbread, rusk and toasted bread production peaked in 2022 and is likely to continue growth in the near future.

Exports of Crispbread, Rusks and Toasted Bread

Exports from Serbia

For the sixth year in a row, Serbia recorded growth in shipments abroad of crispbread, rusks and toasted bread, which increased by 22% to X tons in 2022. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 204% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, crispbread, rusk and toasted bread exports surged to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 164% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Croatia (X tons), Slovenia (X tons) and Montenegro (X tons) were the main destinations of crispbread, rusk and toasted bread exports from Serbia, with a combined 93% share of total exports. Bosnia and Herzegovina and Russia lagged somewhat behind, together comprising a further 5.5%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +280.6%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Slovenia ($X) and Montenegro ($X) constituted the largest markets for crispbread, rusk and toasted bread exported from Serbia worldwide, with a combined 91% share of total exports. Russia and Bosnia and Herzegovina lagged somewhat behind, together comprising a further 7.2%.

Russia, with a CAGR of +281.3%, 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 export price for crispbread, rusks and toasted bread amounted to $X per ton, with an increase of 16% against the previous year. In general, the export price saw a slight expansion. The most prominent rate of growth was recorded in 2013 an increase of 57% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Montenegro ($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 Russia (+0.2%), while the prices for the other major destinations experienced a decline.

Imports of Crispbread, Rusks and Toasted Bread

Imports into Serbia

In 2022, the amount of crispbread, rusks and toasted bread imported into Serbia rose to X tons, with an increase of 3.4% on 2021 figures. In general, imports saw strong growth. The pace of growth was the most pronounced in 2015 when imports increased by 135% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, crispbread, rusk and toasted bread imports rose remarkably to $X in 2022. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 80%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Germany (X tons), Bulgaria (X tons) and Slovakia (X tons) were the main suppliers of crispbread, rusk and toasted bread imports to Serbia, with a combined 79% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +94.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Germany ($X) and Italy ($X) constituted the largest crispbread, rusk and toasted bread suppliers to Serbia, with a combined 81% share of total imports. Slovakia, Poland, Sweden and Romania lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Slovakia, with a CAGR of +104.4%, recorded 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 import price for crispbread, rusks and toasted bread stood at $X per ton in 2022, rising by 8.4% against the previous year. In general, the import price, however, saw a pronounced decline. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Poland ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform