Serbia: Meat Market 2025

Meat Market Size in Serbia

In 2022, the Serbian meat market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a slight slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Meat Production in Serbia

In value terms, meat production shrank to $X in 2022 estimated in export price. Overall, production showed a noticeable contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

In 2022, the average yield of meat in Serbia fell modestly to X kg per head, stabilizing at the year before. Overall, the yield, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the average meat yield reached the peak level at X kg per head in 2021, and then dropped in the following year.

In 2022, number of animals slaughtered for meat production in Serbia shrank to X heads, flattening at the previous year. Overall, the number of producing animals, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by X%. Over the period under review, this number reached the peak level at X heads in 2016; however, from 2017 to 2022, producing animals stood at a somewhat lower figure.

Meat Exports

Exports from Serbia

In 2022, shipments abroad of meat increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports showed a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat exports soared to $X in 2022. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for meat exports from Serbia, with a X% share of total exports. Moreover, meat exports to China exceeded the volume sent to the second major destination, Montenegro (X tons), fourfold. Croatia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Croatia (X% per year).

In value terms, China ($X) remains the key foreign market for meat exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Montenegro ($X), with a X% share of total exports. It was followed by Croatia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Croatia (X% per year).

Export Prices by Country

The average meat export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price 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, meat export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

Meat Imports

Imports into Serbia

In 2022, overseas purchases of meat increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, meat imports surged to $X in 2022. In general, imports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Spain (X tons) constituted the largest meat supplier to Serbia, accounting for a X% share of total imports. Moreover, meat imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold. The third position in this ranking was held by Hungary (X tons), with an X% share.

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

In value terms, Spain ($X) constituted the largest supplier of meat to Serbia, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Hungary (X% per year).

Import Prices by Country

In 2022, the average meat import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Russia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform