Serbia: Lettuce And Chicory Market 2024

Lettuce And Chicory Market Size in Serbia

The Serbian lettuce and chicory market surged to $X in 2022, picking up by 33% against the previous year. Overall, consumption showed a strong expansion. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Lettuce And Chicory Production in Serbia

In value terms, lettuce and chicory production amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume decreased by 99.9%. Lettuce and chicory production peaked in 2022 and is likely to see gradual growth in the near future.

In 2022, the average yield of lettuce and chicory in Serbia amounted to less than X kg per ha, stabilizing at 2021 figures. Overall, the yield showed a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the lettuce and chicory harvested area in Serbia stood at less than X ha, remaining stable against the previous year's figure. Over the period under review, the harvested area recorded a relatively flat trend pattern.

Lettuce And Chicory Exports

Exports from Serbia

For the third consecutive year, Serbia recorded growth in overseas shipments of lettuce and chicory, which increased by 0.8% to X tons in 2022. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 208% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, lettuce and chicory exports surged to $X in 2022. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2013 with an increase of 243% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for lettuce and chicory exports from Serbia, accounting for a 60% share of total exports. Moreover, lettuce and chicory exports to Romania exceeded the volume sent to the second major destination, Russia (X tons), threefold. Poland (X tons) ranked third in terms of total exports with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania amounted to +36.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+207.2% per year) and Poland (+30.3% per year).

In value terms, the largest markets for lettuce and chicory exported from Serbia were Romania ($X), Russia ($X) and Montenegro ($X), together accounting for 84% of total exports. Poland, Belarus, North Macedonia and Hungary lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, Belarus, with a CAGR of +249.1%, saw the highest growth rate of 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 lettuce and chicory export price stood at $X per ton in 2022, increasing by 17% against the previous year. In general, the export price recorded a strong increase. The growth pace was the most rapid in 2019 an increase of 59% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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 North Macedonia ($X per ton), while the average price for exports to Hungary ($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 (+21.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lettuce And Chicory Imports

Imports into Serbia

Lettuce and chicory imports into Serbia expanded sharply to X tons in 2022, growing by 12% on the previous year. In general, imports showed significant growth. The pace of growth was the most pronounced in 2015 with an increase of 58%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, lettuce and chicory imports skyrocketed to $X in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2015 when imports increased by 88% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of lettuce and chicory imports to Serbia, together accounting for 79% of total imports. France, Greece and the Netherlands lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +153.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lettuce and chicory suppliers to Serbia were Spain ($X), Italy ($X) and Poland ($X), together accounting for 83% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +119.4%, recorded the highest growth rate of 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

In 2022, the average lettuce and chicory import price amounted to $X per ton, rising by 5% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2013 an increase of 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform