Serbia: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in Serbia

The Serbian sheep and goat meat market fell to $X in 2022, dropping by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Sheep And Goat Meat in Serbia

In value terms, sheep and goat meat production declined to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

In 2022, the average sheep and goat meat yield in Serbia was estimated at X kg per head, picking up by X% against 2021. Overall, the yield saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the yield increased by X% against the previous year. Over the period under review, the average sheep and goat meat yield reached the maximum level at X kg per head in 2020; however, from 2021 to 2022, the yield remained at a lower figure.

In 2022, approx. X heads of animals slaughtered for sheep and goat meat production in Serbia; approximately reflecting 2021. This number increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by X% against the previous year. Over the period under review, this number attained the maximum level at X heads in 2016; however, from 2017 to 2022, producing animals remained at a lower figure.

Exports of Sheep And Goat Meat

Exports from Serbia

In 2022, shipments abroad of sheep and goat meat increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, sheep and goat meat exports skyrocketed to $X in 2022. In general, exports saw a significant increase. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Croatia (X tons) was the main destination for sheep and goat meat exports from Serbia, accounting for a X% share of total exports. Moreover, sheep and goat meat exports to Croatia exceeded the volume sent to the second major destination, Italy (X tons), sixfold. The third position in this ranking was held by Greece (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Croatia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Greece (X% per year).

In value terms, Croatia ($X) remains the key foreign market for sheep and goat meat exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with an X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Croatia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

In 2022, the average sheep and goat meat export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Greece ($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.

Imports of Sheep And Goat Meat

Imports into Serbia

In 2022, supplies from abroad of sheep and goat meat increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt curtailment. Over the period under review, imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, sheep and goat meat imports skyrocketed to $X in 2022. Overall, imports, however, recorded a slight curtailment. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, North Macedonia (X tons) constituted the largest supplier of sheep and goat meat to Serbia, with a X% share of total imports. Moreover, sheep and goat meat imports from North Macedonia exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), fivefold. Ireland (X tons) ranked third in terms of total imports with an X% share.

From 2013 to 2022, the average annual growth rate of volume from North Macedonia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Ireland (X% per year).

In value terms, the largest sheep and goat meat suppliers to Serbia were North Macedonia ($X), New Zealand ($X) and Ireland ($X), with a combined X% share of total imports.

New Zealand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 sheep and goat meat import price amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, showed noticeable growth. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell dramatically in the following year.

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 Spain ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform