Serbia: Spirits And Liqueurs Market 2024

Spirits And Liqueurs Market Size in Serbia

In 2022, the Serbian spirits and liqueurs market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Spirits And Liqueurs Production in Serbia

In value terms, spirits and liqueurs production surged to $X in 2022 estimated in export price. Overall, production, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Spirits and liqueurs production peaked in 2022 and is expected to retain growth in the near future.

Spirits And Liqueurs Exports

Exports from Serbia

In 2022, shipments abroad of spirits, liqueurs and other spirituous beverages increased by X% to X litres, rising for the second consecutive year after three years of decline. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, spirits and liqueurs exports totaled $X in 2022. In general, exports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Montenegro (X litres), Croatia (X litres) and Bosnia and Herzegovina (X litres) were the main destinations of spirits and liqueurs exports from Serbia, with a combined X% share of total exports. Germany, Russia, the United States, France, Slovakia, North Macedonia, Slovenia, Switzerland, the Czech Republic and Australia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Montenegro ($X) remains the key foreign market for spirits, liqueurs and other spirituous beverages exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Croatia ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

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

Export Prices by Country

In 2022, the average spirits and liqueurs export price amounted to $X per litre, increasing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per litre), while the average price for exports to Slovakia ($X per litre) was amongst the lowest.

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

Spirits And Liqueurs Imports

Imports into Serbia

Spirits and liqueurs imports into Serbia surged to X litres in 2022, jumping by X% against 2021. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, spirits and liqueurs imports soared to $X in 2022. Overall, imports saw a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The UK (X litres), France (X litres) and Bosnia and Herzegovina (X litres) were the main suppliers of spirits and liqueurs imports to Serbia, together comprising X% of total imports. The United States, Italy, Germany, Croatia, Estonia, Slovenia, Montenegro, Spain and Greece lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Estonia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of spirits, liqueurs and other spirituous beverages to Serbia, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. 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 from the UK amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Bosnia and Herzegovina (X% per year).

Import Prices by Country

The average spirits and liqueurs import price stood at $X per litre in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 UK ($X per litre), while the price for Estonia ($X per litre) was amongst the lowest.

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

Source: IndexBox Platform