Serbia - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Serbia - 2023
Contents:
- Frozen Crustaceans Price in Serbia (CIF) - 2023
- Frozen Crustaceans Price in Serbia (FOB) - 2022
- Frozen Crustaceans Imports in Serbia
- Frozen Crustaceans Exports in Serbia
Frozen Crustaceans Price in Serbia (CIF) - 2023
The average frozen crustaceans import price stood at $8,870 per ton in September 2023, jumping by 56% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $10,338 per ton in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was India ($11,503 per ton), while the price for China ($6,233 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Argentina (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Price in Serbia (FOB) - 2022
The average frozen crustaceans export price stood at $5,684 per ton in 2022, picking up by 4.7% against the previous year. Over the period under review, the export price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28%. The export price peaked at $8,861 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
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 Montenegro amounted to -1.0% per year.
Frozen Crustaceans Imports in Serbia
In 2022, approx. 212 tons of frozen crustaceans were imported into Serbia; increasing by 7.4% compared with the previous year's figure. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year.
In value terms, frozen crustaceans imports soared to $1.8M in 2022. Overall, imports, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 85% against the previous year.
| Import of Frozen Crustaceans in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 151 | 167 | 277 | 379 | 35.9% |
| India | 46.0 | 103 | 197 | 321 | 91.1% |
| China | 265 | 224 | 311 | 240 | -3.2% |
| Ecuador | 58.4 | 43.2 | 89.2 | 208 | 52.7% |
| Spain | 46.5 | 56.7 | 284 | 175 | 55.5% |
| Bangladesh | 88.6 | 35.0 | 134 | 124 | 11.9% |
| Honduras | N/A | N/A | N/A | 79.0 | 0% |
| Canada | 903 | 3.0 | 13.1 | 18.4 | -72.7% |
| Bosnia and Herzegovina | 21.1 | N/A | N/A | N/A | 0% |
| Sweden | 80.2 | N/A | N/A | N/A | 0% |
| Greenland | 152 | N/A | N/A | N/A | 0% |
| Others | 186 | 173 | 182 | 282 | 14.9% |
| Total | 1,998 | 804 | 1,486 | 1,826 | -3.0% |
Top Suppliers of Frozen Crustaceans to Serbia in 2022:
- Argentina (45.7 tons)
- China (44.3 tons)
- Ecuador (30.7 tons)
- India (29.9 tons)
- Spain (22.3 tons)
- Bangladesh (9.6 tons)
- Honduras (8.3 tons)
- Canada (0.6 tons)
Frozen Crustaceans Exports in Serbia
In 2022, overseas shipments of frozen crustaceans decreased by -49.7% to 2.4 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 21%. As a result, the exports reached the peak of 5.5 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, frozen crustaceans exports fell sharply to $14K in 2022. In general, exports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. As a result, the exports attained the peak of $33K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Frozen Crustaceans in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 14.5 | 19.6 | 25.9 | 13.6 | -2.1% |
| North Macedonia | 14.3 | 13.1 | N/A | N/A | -8.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 28.8 | 32.7 | 25.9 | 13.6 | -22.1% |
Top Export Markets for Frozen Crustaceans from Serbia in 2022:
- Montenegro (2.4 tons)
This report provides an in-depth analysis of the frozen crustaceans market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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