Serbia: Pasta And Couscous Market 2024

Pasta And Couscous Market Size in Serbia

The Serbian pasta and couscous market amounted to $X in 2022, growing by 7.6% against the previous year. In general, consumption posted strong growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Pasta And Couscous Production in Serbia

In value terms, pasta and couscous production expanded markedly to $X in 2022 estimated in export price. In general, production enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 84%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Pasta And Couscous Exports

Exports from Serbia

In 2022, shipments abroad of stuffed pasta and couscous increased by 21% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports showed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 156%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, pasta and couscous exports soared to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 265%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Croatia (X tons) was the main destination for pasta and couscous exports from Serbia, with a 35% share of total exports. Moreover, pasta and couscous exports to Croatia exceeded the volume sent to the second major destination, North Macedonia (X tons), twofold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Croatia stood at +281.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (+4.8% per year) and Bosnia and Herzegovina (+6.2% per year).

In value terms, Croatia ($X) remains the key foreign market for stuffed pasta and couscous exports from Serbia, comprising 37% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Croatia totaled +294.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+340.2% per year) and Italy (+193.0% per year).

Export Prices by Country

The average pasta and couscous export price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the period under review, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 42%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to North Macedonia ($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 the UK (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Pasta And Couscous Imports

Imports into Serbia

In 2022, purchases abroad of stuffed pasta and couscous increased by 9.3% to X tons, rising for the fourth year in a row after two years of decline. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 190% 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.

In value terms, pasta and couscous imports soared to $X in 2022. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2016 when imports increased by 121%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Poland (X tons), Italy (X tons) and Hungary (X tons) were the main suppliers of pasta and couscous imports to Serbia, with a combined 65% share of total imports. Germany, China, Russia, North Macedonia, Turkey, Spain, the Czech Republic and France lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +747.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Italy ($X) and Germany ($X) constituted the largest pasta and couscous suppliers to Serbia, with a combined 64% share of total imports. Hungary, Russia, the Czech Republic, Turkey, Spain, China, North Macedonia and France lagged somewhat behind, together comprising a further 29%.

The Czech Republic, with a CAGR of +558.3%, recorded 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

The average pasta and couscous import price stood at $X per ton in 2022, rising by 5.9% against the previous year. Overall, the import price, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 39% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform