Serbia: Mixes And Doughs Market 2024

Mixes And Doughs Market Size in Serbia

The Serbian mixes and doughs market skyrocketed to $X in 2022, increasing by 16% against the previous year. In general, consumption, however, saw a abrupt shrinkage. Mixes and doughs consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Mixes And Doughs Production in Serbia

In value terms, mixes and doughs production dropped sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 122%. Mixes and doughs production peaked at $X in 2021, and then shrank rapidly in the following year.

Mixes And Doughs Exports

Exports from Serbia

In 2022, after four years of growth, there was significant decline in shipments abroad of mixes and doughs, when their volume decreased by -17.3% to X tons. In general, exports, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 when exports increased by 75%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell markedly in the following year.

In value terms, mixes and doughs exports totaled $X in 2022. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 59%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Croatia (X tons) was the main destination for mixes and doughs exports from Serbia, with a 42% share of total exports. Moreover, mixes and doughs exports to Croatia exceeded the volume sent to the second major destination, Montenegro (X tons), threefold. The third position in this ranking was taken by Bosnia and Herzegovina (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Croatia totaled +25.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+11.7% per year) and Bosnia and Herzegovina (+7.6% per year).

In value terms, Croatia ($X), Germany ($X) and Montenegro ($X) appeared to be the largest markets for mixes and doughs exported from Serbia worldwide, with a combined 69% share of total exports.

Germany, with a CAGR of +117.7%, recorded the highest rates of growth with regard to 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

The average mixes and doughs export price stood at $X per ton in 2022, picking up by 30% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Austria ($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 Germany (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mixes And Doughs Imports

Imports into Serbia

For the eleventh consecutive year, Serbia recorded growth in purchases abroad of mixes and doughs, which increased by 21% to X tons in 2022. In general, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 94% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, mixes and doughs imports skyrocketed to $X in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 86% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), Greece (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of mixes and doughs imports to Serbia, together comprising 50% of total imports. Bulgaria, Hungary, Croatia, Italy and Austria lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +70.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Bosnia and Herzegovina ($X) and Greece ($X) were the largest mixes and doughs suppliers to Serbia, with a combined 51% share of total imports. Hungary, Bulgaria, Croatia, Italy and Austria lagged somewhat behind, together comprising a further 42%.

Bulgaria, with a CAGR of +60.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 mixes and doughs import price amounted to $X per ton, picking up by 5% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2013 an increase of 15%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($X per ton) and Germany ($X per ton), while the price for Croatia ($X per ton) and Austria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform