Serbia: Oat Market 2024

Oat Market Size in Serbia

The Serbian oat market stood at $X in 2022, almost unchanged from the previous year. Overall, consumption continues to indicate a pronounced descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Oat Production in Serbia

In value terms, oat production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2013 when the production volume increased by 31% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

The average yield of oats in Serbia contracted modestly to X tons per ha in 2022, with a decrease of -1.7% compared with 2021 figures. The yield figure increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the yield increased by 23%. The oat yield peaked at X tons per ha in 2021, and then reduced in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The oat harvested area in Serbia dropped modestly to X ha in 2022, which is down by -1.7% on 2021. Overall, the harvested area recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 5.5%. The oat harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Oat Exports

Exports from Serbia

In 2022, the amount of oats exported from Serbia reached X tons, increasing by 8.6% compared with the year before. In general, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 217% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, oat exports declined modestly to $X in 2022. Over the period under review, exports posted a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 262% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for oat exports from Serbia, with a 43% share of total exports. Moreover, oat exports to Germany exceeded the volume sent to the second major destination, Montenegro (X tons), twofold. The third position in this ranking was held by North Macedonia (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (-5.0% per year) and North Macedonia (+61.8% per year).

In value terms, Germany ($X), Bosnia and Herzegovina ($X) and Montenegro ($X) were the largest markets for oat exported from Serbia worldwide, with a combined 78% share of total exports.

Bosnia and Herzegovina, with a CAGR of +99.0%, recorded the highest growth rate of 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

In 2022, the average oat export price amounted to $X per ton, reducing by -9.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 39% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Albania ($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 (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Oat Imports

Imports into Serbia

In 2022, oat imports into Serbia skyrocketed to X tons, jumping by 64% against the year before. In general, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 438% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, oat imports surged to $X in 2022. Overall, imports enjoyed moderate growth. The growth pace was the most rapid in 2019 with an increase of 648%. Imports peaked at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Croatia (X tons) constituted the largest supplier of oat to Serbia, accounting for a 62% share of total imports. Moreover, oat imports from Croatia exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. The third position in this ranking was held by Hungary (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Croatia totaled +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+87.5% per year) and Hungary (+21.2% per year).

In value terms, Croatia ($X) constituted the largest supplier of oats to Serbia, comprising 59% of total imports. The second position in the ranking was taken by Russia ($X), with a 15% share of total imports. It was followed by Hungary, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Croatia totaled +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+97.0% per year) and Hungary (+22.8% per year).

Import Prices by Country

In 2022, the average oat import price amounted to $X per ton, with an increase of 31% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Czech Republic ($X per ton) and Slovakia ($X per ton), while the price for Croatia ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform