Serbia: Market for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Serbia

The Serbian market for fresh or chilled pig meat other than cuts or carcases soared to $X in 2022, rising by 235% against the previous year. Over the period under review, consumption recorded strong growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Production of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases in Serbia

In value terms, production of fresh or chilled pig meat other than cuts or carcases skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Exports from Serbia

In 2022, shipments abroad of fresh or chilled pig meat other than cuts or carcases increased by 28% to X tons, rising for the second consecutive year after four years of decline. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 713% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, exports of fresh or chilled pig meat other than cuts or carcases skyrocketed to $X in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 1,131%. Over the period under review, the exports of attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Montenegro (X tons) was the main destination for exports of fresh or chilled pig meat other than cuts or carcases from Serbia, accounting for a 97% share of total exports. It was followed by North Macedonia (X tons), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Montenegro totaled +43.7%.

In value terms, Montenegro ($X) remains the key foreign market for fresh or chilled pig meat other than cuts or carcases exports from Serbia, comprising 97% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a 1.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Montenegro totaled +43.9%.

Export Prices by Country

In 2022, the average export price for fresh or chilled pig meat other than cuts or carcases amounted to $X per ton, rising by 7.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 51%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export 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 North Macedonia totaled $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 (+20.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh Or Chilled Pig Meat Other Than Cuts Or Carcases

Imports into Serbia

After two years of decline, purchases abroad of fresh or chilled pig meat other than cuts or carcases increased by 149% to X tons in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 615%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of fresh or chilled pig meat other than cuts or carcases skyrocketed to $X in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 782% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of fresh pork other than cuts or carcases to Serbia, with a 52% share of total imports. Moreover, imports of fresh or chilled pig meat other than cuts or carcases from Spain exceeded the figures recorded by the second-largest supplier, Croatia (X tons), twofold. Hungary (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+9.9% per year) and Hungary (+14.5% per year).

In value terms, Spain ($X) constituted the largest supplier of fresh or chilled pig meat other than cuts or carcases to Serbia, comprising 53% of total imports. The second position in the ranking was held by Croatia ($X), with a 21% share of total imports. It was followed by Hungary, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+0.9% per year) and Hungary (+12.6% per year).

Import Prices by Country

The average import price for fresh or chilled pig meat other than cuts or carcases stood at $X per ton in 2022, picking up by 14% against the previous year. Overall, the import price, however, continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2018 an increase of 23% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 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 Denmark ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform