Serbia: Root And Tuber Market 2024

Root And Tuber Market Size in Serbia

After two years of decline, the Serbian root and tuber market increased by X% to $X in 2022. Overall, the total consumption indicated measured growth 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. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Root And Tuber Production in Serbia

In value terms, root and tuber production shrank modestly to $X in 2022 estimated in export price. In general, the total production indicated a moderate 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Root and tuber production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

In 2022, the average root and tuber yield in Serbia contracted modestly to X tons per ha, dropping by X% compared with 2021 figures. Overall, the yield indicated a strong increase from 2012 to 2022: its figure 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, root and tuber yield increased by X% against 2017 indices. The pace of growth was the most pronounced in 2013 when the yield increased by X%. The root and tuber yield peaked at X tons per ha in 2021, and then contracted slightly 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.

In 2022, the root and tuber harvested area in Serbia expanded significantly to X ha, picking up by X% against the previous year's figure. In general, the harvested area, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The root and tuber harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

Root And Tuber Exports

Exports from Serbia

Root and tuber exports from Serbia reduced markedly to X tons in 2022, with a decrease of X% compared with 2021. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, root and tuber exports reduced remarkably to $X in 2022. In general, exports recorded a mild contraction. The pace of growth was the most pronounced in 2019 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Montenegro (X tons) was the main destination for root and tuber exports from Serbia, with a X% share of total exports. Moreover, root and tuber exports to Montenegro exceeded the volume sent to the second major destination, North Macedonia (X tons), threefold. Albania (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 Montenegro totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Albania (X% per year).

In value terms, Montenegro ($X) emerged as the key foreign market for roots and tubers exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a X% share of total exports. It was followed by Russia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Montenegro totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Russia (X% per year).

Export Prices by Country

The average root and tuber export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, export price indicated a buoyant 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, root and tuber export price increased by X% against 2018 indices. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

Root And Tuber Imports

Imports into Serbia

In 2022, imports of roots and tubers into Serbia soared to X tons, rising by X% compared with the previous year. In general, imports posted prominent growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, root and tuber imports soared to $X in 2022. Overall, imports posted resilient growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, France (X tons) constituted the largest root and tuber supplier to Serbia, accounting for a X% share of total imports. Moreover, root and tuber imports from France exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with an X% share.

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

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

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

Import Prices by Country

The average root and tuber import price stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform