Serbia: Pulses Market 2024

Pulses Market Size in Serbia

The Serbian pulses market expanded significantly to $X in 2022, growing by X% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value 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, consumption increased by X% against 2016 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Pulses Production in Serbia

In value terms, pulses production reduced to $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

In 2022, the average yield of pulses in Serbia reduced to X tons per ha, declining by X% on 2021 figures. The yield figure increased at an average annual rate of X% 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 2013 with an increase of X% against the previous year. The pulses yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of pulses were harvested in Serbia; increasing by X% against the previous year. Overall, the harvested area, however, saw a pronounced descent. The pace of growth was the most pronounced in 2015 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to pulses production reached the maximum at X ha in 2017; however, from 2018 to 2022, the harvested area stood at a somewhat lower figure.

Pulses Exports

Exports from Serbia

Pulses exports from Serbia plummeted to X tons in 2022, with a decrease of X% compared with 2021. In general, exports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, pulses exports soared to $X in 2022. Overall, exports, however, showed a temperate expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Montenegro (X tons), Bosnia and Herzegovina (X tons) and Bulgaria (X tons) were the main destinations of pulses exports from Serbia, with a combined X% share of total exports. Sweden, Switzerland, Iran, Hungary, Croatia, Germany, Poland, the United States, the UK and North Macedonia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), the United States ($X) and Montenegro ($X) appeared to be the largest markets for pulses exported from Serbia worldwide, with a combined X% share of total exports. The UK, Sweden, Bosnia and Herzegovina, Bulgaria, Poland, Germany, Croatia, Switzerland, Iran and North Macedonia lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, 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

In 2022, the average pulses export price amounted to $X per ton, surging by X% against the previous year. In general, the export price enjoyed prominent growth. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average 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 the United States ($X per ton), while the average price for exports to Switzerland ($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 Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Pulses Imports

Imports into Serbia

In 2022, approx. X tons of pulses were imported into Serbia; rising by X% compared with 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pulses imports surged to $X in 2022. In general, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Kyrgyzstan (X tons), Bulgaria (X tons) and Egypt (X tons) were the main suppliers of pulses imports to Serbia, together accounting for X% of total imports. Poland, Canada, Hungary, Argentina, Russia, Germany, Moldova, France and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kyrgyzstan ($X) constituted the largest supplier of pulses to Serbia, comprising X% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Kyrgyzstan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (X% per year) and Poland (X% per year).

Import Prices by Country

The average pulses import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, import price indicated a moderate expansion 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, pulses import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform