Serbia: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Serbia

The Serbian market for powdered, condensed or evaporated milk soared to $X in 2022, growing by X% against the previous year. Over the period under review, consumption posted a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Powdered, Condensed Or Evaporated Milk in Serbia

In value terms, powdered, condensed or evaporated milk production amounted to $X in 2022 estimated in export price. Overall, 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 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Powdered, condensed or evaporated milk production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Serbia

After three years of decline, shipments abroad of powdered, condensed or evaporated milk increased by X% to X tons in 2022. In general, exports recorded a resilient increase. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk exports skyrocketed to $X in 2022. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for powdered, condensed or evaporated milk exports from Serbia, accounting for a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was held by Montenegro (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Montenegro (X% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for powdered, condensed or evaporated milk exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Montenegro, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Montenegro (X% per year).

Export Prices by Country

The average export price for powdered, condensed or evaporated milk stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price enjoyed slight growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bosnia and Herzegovina ($X per ton) and Montenegro ($X per ton), while the average price for exports to China ($X per ton) and North Macedonia ($X per ton) were amongst the lowest.

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

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Serbia

In 2022, approx. X tons of powdered, condensed or evaporated milk were imported into Serbia; picking up by X% against 2021 figures. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, powdered, condensed or evaporated milk imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of powdered, condensed or evaporated milk to Serbia, accounting for a X% share of total imports. Moreover, powdered, condensed or evaporated milk imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Bosnia and Herzegovina (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Poland ($X) constituted the largest supplier of powdered, condensed or evaporated milk to Serbia, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by France, with an X% share.

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

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price saw a pronounced expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton 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 Denmark ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform