Non-Liquid Margarine Price in Serbia - 2023
Contents:
- Non-Liquid Margarine Price in Serbia (FOB) - 2023
- Non-Liquid Margarine Price in Serbia (CIF) - 2023
- Non-Liquid Margarine Exports in Serbia
- Non-Liquid Margarine Imports in Serbia
Non-Liquid Margarine Price in Serbia (FOB) - 2023
In November 2023, the average non-liquid margarine export price amounted to $2,105 per ton, with a decrease of -3.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices hit record highs at $2,263 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Bosnia and Herzegovina ($2,609 per ton), while the average price for exports to Hungary ($1,607 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Liquid Margarine Price in Serbia (CIF) - 2023
The average non-liquid margarine import price stood at $1,455 per ton in November 2023, with an increase of 9.3% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $1,643 per ton in February 2023; however, from March 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Croatia ($2,242 per ton), while the price for North Macedonia ($1,211 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 Croatia (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Exports in Serbia
Non-liquid margarine exports from Serbia dropped to 5.7K tons in 2022, falling by -8.2% against 2021 figures. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 6%.
In value terms, non-liquid margarine exports skyrocketed to $11M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Non-Liquid Margarine in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 2.7 | 2.1 | 3.4 | 4.5 | 18.6% |
| North Macedonia | 2.9 | 2.7 | 3.5 | 3.8 | 9.4% |
| Montenegro | 1.5 | 1.3 | 1.7 | 1.9 | 8.2% |
| Belarus | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Croatia | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Hungary | 0.4 | 0.4 | 0.5 | 0.3 | -9.1% |
| Albania | N/A | N/A | N/A | 0.2 | 0% |
| Bulgaria | 0.2 | 0.2 | 0.1 | N/A | -29.3% |
| Others | 0.1 | N/A | N/A | 0.2 | 26.0% |
| Total | 8.2 | 7.0 | 9.6 | 11.4 | 11.6% |
Top Export Markets for Non-Liquid Margarine from Serbia in 2022:
- North Macedonia (2251.7 tons)
- Bosnia and Herzegovina (1931.8 tons)
- Montenegro (897.8 tons)
- Croatia (158.8 tons)
- Hungary (140.7 tons)
- Belarus (140.1 tons)
- Albania (92.3 tons)
Non-Liquid Margarine Imports in Serbia
Non-liquid margarine imports into Serbia shrank to 3.1K tons in 2022, waning by -11% against 2021 figures. In general, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 8.2%.
In value terms, non-liquid margarine imports stood at $4.4M in 2022. The total import value increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 28%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Non-Liquid Margarine in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2,316 | 1,714 | 2,333 | 1,794 | -8.2% |
| Poland | 494 | 1,050 | 1,202 | 1,690 | 50.7% |
| North Macedonia | N/A | 52.0 | 149 | 369 | 166.4% |
| Italy | 108 | 49.4 | 126 | 172 | 16.8% |
| Belgium | N/A | N/A | 13.6 | 160 | 1076.5% |
| Austria | 101 | 75.2 | 119 | 142 | 12.0% |
| Germany | 388 | 48.7 | 8.5 | 7.6 | -73.0% |
| Others | 187 | 130 | 39.4 | 101 | -18.6% |
| Total | 3,595 | 3,119 | 3,991 | 4,435 | 7.3% |
Top Suppliers of Non-Liquid Margarine to Serbia in 2022:
- Poland (1428.2 tons)
- Russia (1105.9 tons)
- North Macedonia (238.0 tons)
- Belgium (92.2 tons)
- Italy (89.9 tons)
- Austria (65.3 tons)
- Germany (6.8 tons)
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