Broken Rice Price in Serbia - 2023
Contents:
- Broken Rice Price in Serbia (CIF) - 2023
- Broken Rice Price in Serbia (FOB) - 2022
- Broken Rice Imports in Serbia
- Broken Rice Exports in Serbia
Broken Rice Price in Serbia (CIF) - 2023
The average broken rice import price stood at $772 per ton in November 2023, growing by 23% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +3.5%. The most prominent rate of growth was recorded in December 2022 an increase of 32% against the previous month. The import price peaked in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Cambodia ($1,825 per ton), while the price for North Macedonia ($542 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by North Macedonia (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Broken Rice Price in Serbia (FOB) - 2022
In 2022, the average broken rice export price amounted to $593 per ton, falling by -15.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2021 when the average export price increased by 41% against the previous year. As a result, the export price attained the peak level of $699 per ton, and then fell remarkably in the following year.
As there is only one major export destination, the average price level is determined by prices for Montenegro.
From 2012 to 2022, the rate of growth in terms of prices for Bosnia and Herzegovina amounted to +4.3% per year.
Broken Rice Imports in Serbia
In 2022, the amount of broken rice imported into Serbia stood at 3.1K tons, standing approx. at 2021 figures. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, broken rice imports expanded modestly to $2M in 2022. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 74% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Broken Rice in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 571 | 907 | 1,666 | 1,468 | 37.0% |
| North Macedonia | 49.8 | 106 | 121 | 390 | 98.6% |
| Pakistan | 78.4 | N/A | N/A | 101 | 8.8% |
| Greece | 140 | 27.2 | N/A | N/A | -80.6% |
| Others | 2.4 | 42.6 | 95.9 | 7.9 | 48.8% |
| Total | 841 | 1,083 | 1,882 | 1,966 | 32.7% |
Top Suppliers of Broken Rice to Serbia in 2022:
- Italy (2055.0 tons)
- North Macedonia (881.5 tons)
- Pakistan (150.0 tons)
Broken Rice Exports in Serbia
In 2022, the amount of broken rice exported from Serbia skyrocketed to 31 tons, picking up by 39% against 2021. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 368% against the previous year. As a result, the exports attained the peak of 41 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, broken rice exports skyrocketed to $18K in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 290%. As a result, the exports reached the peak of $20K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Broken Rice in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 5.1 | 20.3 | 15.4 | 18.4 | 53.4% |
| Others | 0.1 | N/A | 0.2 | N/A | 41.4% |
| Total | 5.2 | 20.3 | 15.7 | 18.4 | 52.4% |
Top Export Markets for Broken Rice from Serbia in 2022:
- Montenegro (31.0 tons)
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