Report Update Nov 1, 2024

Serbia - Lard - Market Analysis, Forecast, Size, Trends and Insights

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Serbia: Lard Market 2024

Lard Market Size in Serbia

In 2022, after two years of growth, there was decline in the Serbian lard market, when its value decreased by -1.8% to $X. Overall, consumption recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Lard Production in Serbia

In value terms, lard production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The growth pace was the most rapid in 2017 when the production volume increased by 35% against the previous year. Lard production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Lard Exports

Exports from Serbia

In 2022, overseas shipments of lard decreased by -2.1% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted tangible growth. The most prominent rate of growth was recorded in 2013 when exports increased by 130%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, lard exports expanded notably to $X in 2022. In general, exports, however, posted a moderate increase. The most prominent rate of growth was recorded in 2013 when exports increased by 158% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Montenegro (X tons) was the main destination for lard exports from Serbia, with a 73% share of total exports. Moreover, lard exports to Montenegro exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Montenegro totaled +5.3%.

In value terms, Montenegro ($X) remains the key foreign market for lard exports from Serbia, comprising 73% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Montenegro stood at +7.2%.

Export Prices by Country

In 2022, the average lard export price amounted to $X per ton, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($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 Montenegro (+1.8%), while the prices for the other major destinations experienced a decline.

Lard Imports

Imports into Serbia

In 2022, overseas purchases of lard decreased by -13.3% to X tons for the first time since 2014, thus ending a seven-year rising trend. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 78%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, lard imports rose modestly to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 109%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Italy (X tons) was the main supplier of lard to Serbia, accounting for a 98% share of total imports. It was followed by Montenegro (X tons), with a 1.6% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Italy totaled +26.9%.

In value terms, Italy ($X) constituted the largest supplier of lard to Serbia, comprising 99% of total imports. The second position in the ranking was held by Montenegro ($X), with a 1.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Italy totaled +30.8%.

Import Prices by Country

The average lard import price stood at $X per ton in 2022, with an increase of 17% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lard import price increased by +68.0% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 45%. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Montenegro amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.0%).

Source: IndexBox Platform

This report provides an in-depth analysis of the lard market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 1043 - Lard

Country coverage:

Serbia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Serbia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023