Serbia: Market for Non-Alcoholic Beverages, Not Containing Milk 2024

Market Size for Non-Alcoholic Beverages, Not Containing Milk in Serbia

In 2022, the Serbian market for non-alcoholic beverages, not containing milk decreased by -0.9% to $X, falling for the third year in a row after five years of growth. Overall, consumption, however, showed a resilient increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Alcoholic Beverages, Not Containing Milk in Serbia

In value terms, non-alcoholic beverage, not containing milk production shrank to $X in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 26%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Non-Alcoholic Beverages, Not Containing Milk

Exports from Serbia

In 2022, exports of non-alcoholic beverages, not containing milk from Serbia rose to X litres, with an increase of 3.1% against the previous year. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 14%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, non-alcoholic beverage, not containing milk exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Bosnia and Herzegovina (X litres), Albania (X litres) and North Macedonia (X litres) were the main destinations of non-alcoholic beverage, not containing milk exports from Serbia, together accounting for 59% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Albania (with a CAGR of +12.1%), while the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Albania ($X) and Montenegro ($X) appeared to be the largest markets for non-alcoholic beverage, not containing milk exported from Serbia worldwide, with a combined 58% share of total exports.

Among the main countries of destination, Albania, with a CAGR of +15.2%, recorded the highest rates of growth with regard to 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 export price for non-alcoholic beverages, not containing milk stood at $X per litre in 2022, with an increase of 2.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per litre in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bulgaria ($X per litre) and Albania ($X per litre), while the average price for exports to North Macedonia ($X per litre) and the Netherlands ($X per litre) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Alcoholic Beverages, Not Containing Milk

Imports into Serbia

In 2022, approx. X litres of non-alcoholic beverages, not containing milk were imported into Serbia; with an increase of 19% on the year before. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 168%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, non-alcoholic beverage, not containing milk imports soared to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2015 when imports increased by 66%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Romania (X litres) constituted the largest non-alcoholic beverage, not containing milk supplier to Serbia, accounting for a 53% share of total imports. Moreover, non-alcoholic beverage, not containing milk imports from Romania exceeded the figures recorded by the second-largest supplier, Bosnia and Herzegovina (X litres), sevenfold. The third position in this ranking was held by Croatia (X litres), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Romania stood at +222.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Bosnia and Herzegovina (+27.0% per year) and Croatia (+12.3% per year).

In value terms, Romania ($X) constituted the largest supplier of non-alcoholic beverages, not containing milk to Serbia, comprising 38% of total imports. The second position in the ranking was held by Croatia ($X), with an 11% share of total imports. It was followed by Germany, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from Romania amounted to +190.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (+14.9% per year) and Germany (+27.1% per year).

Import Prices by Country

The average import price for non-alcoholic beverages, not containing milk stood at $X per litre in 2022, growing by 3% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2019 an increase of 12% against the previous year. Over the period under review, average import prices attained the peak figure at $X per litre in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per litre), while the price for North Macedonia ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform