Serbia: Temporarily Preserved Vegetable Market 2024

Temporarily Preserved Vegetable Market Size in Serbia

In 2022, the Serbian temporarily preserved vegetable market decreased by -30.9% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Temporarily Preserved Vegetable Production in Serbia

In value terms, temporarily preserved vegetable production surged to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 99% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Temporarily Preserved Vegetable Exports

Exports from Serbia

In 2022, temporarily preserved vegetable exports from Serbia soared to X tons, picking up by 27% against 2021 figures. Overall, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2020 with an increase of 95% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, temporarily preserved vegetable exports reduced to $X in 2022. Over the period under review, exports saw buoyant growth. The growth pace was the most rapid in 2020 when exports increased by 257% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Italy (X tons) and Bulgaria (X tons) were the main destinations of temporarily preserved vegetable exports from Serbia, together accounting for 87% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +34.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the key foreign market for vegetables (temporarily preserved) exports from Serbia, comprising 53% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a 21% share of total exports. It was followed by Germany, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+18.5% per year) and Germany (+18.2% per year).

Export Prices by Country

In 2022, the average temporarily preserved vegetable export price amounted to $X per ton, waning by -22% against the previous year. Over the period under review, the export price recorded a pronounced descent. The pace of growth was the most pronounced in 2020 an increase of 83%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Spain (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Temporarily Preserved Vegetable Imports

Imports into Serbia

In 2022, imports of vegetables (temporarily preserved) into Serbia shrank rapidly to X tons, falling by -39.3% on 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 1,133% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, temporarily preserved vegetable imports fell remarkably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 386%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Bosnia and Herzegovina (X tons), India (X tons) and China (X tons) were the main suppliers of temporarily preserved vegetable imports to Serbia, together accounting for 85% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +7.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest temporarily preserved vegetable suppliers to Serbia were Bulgaria ($X), Bosnia and Herzegovina ($X) and India ($X), with a combined 89% share of total imports. China and Italy lagged somewhat behind, together accounting for a further 10%.

China, with a CAGR of +16.4%, 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

In 2022, the average temporarily preserved vegetable import price amounted to $X per ton, waning by -17.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average import price increased by 152%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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 Bulgaria ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform