Serbia - Nuts - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNuts Price in Serbia - 2023
Contents:
- Nuts Price in Serbia (CIF) - 2022
- Nuts Price in Serbia (FOB) - 2022
- Nuts Imports in Serbia
- Nuts Exports in Serbia
Nuts Price in Serbia (CIF) - 2022
The average nuts import price stood at $4,645 per ton in 2022, waning by -12.6% against the previous year. Over the period under review, the import price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 45%. Over the period under review, average import prices attained the peak figure at $7,037 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 the United States ($8,991 per ton), while the price for North Macedonia ($901 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Nuts Price in Serbia (FOB) - 2022
In 2022, the average nuts export price amounted to $3,000 per ton, waning by -24.5% against the previous year. Overall, the export price recorded a drastic downturn. The growth pace was the most rapid in 2017 an increase of 186% against the previous year. The export price peaked at $7,357 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($8,583 per ton), while the average price for exports to Hungary ($1,120 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 Austria (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Nuts Imports in Serbia
In 2022, purchases abroad of nuts decreased by -7.4% to 649 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.9% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 40%.
In value terms, nuts imports contracted remarkably to $3M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.4% 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 +53.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $3.7M, and then dropped significantly in the following year.
| Import of Nuts in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 233 | 941 | 684 | 1,006 | 62.8% |
| Turkey | 498 | 413 | 451 | 630 | 8.2% |
| Italy | 237 | 295 | 398 | 486 | 27.0% |
| Iran | 323 | 507 | 1,462 | 343 | 2.0% |
| United States | 190 | 183 | 214 | 294 | 15.7% |
| North Macedonia | 27.2 | 29.7 | 30.4 | 42.4 | 15.9% |
| China | 150 | 213 | 246 | 36.2 | -37.7% |
| Albania | 35.2 | 21.4 | 15.8 | 16.0 | -23.1% |
| Others | 268 | 88.4 | 227 | 161 | -15.6% |
| Total | 1,963 | 2,692 | 3,729 | 3,016 | 15.4% |
Top Suppliers of Nuts to Serbia in 2022:
- Greece (210.0 tons)
- Italy (172.6 tons)
- Turkey (77.4 tons)
- Iran (47.5 tons)
- North Macedonia (47.0 tons)
- United States (32.7 tons)
- China (15.9 tons)
- Albania (10.2 tons)
Nuts Exports in Serbia
After three years of growth, shipments abroad of nuts decreased by -3.4% to 612 tons in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,442% against the previous year. As a result, the exports reached the peak of 633 tons, and then declined modestly in the following year.
In value terms, nuts exports shrank markedly to $1.8M in 2022. Over the period under review, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 2,764% against the previous year. As a result, the exports attained the peak of $2.5M, and then shrank markedly in the following year.
| Export of Nuts in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | N/A | 1,421 | 0% |
| Montenegro | 39.9 | 66.7 | 201 | 212 | 74.5% |
| Bosnia and Herzegovina | 29.9 | 6.9 | 3.4 | 106 | 52.5% |
| Turkey | N/A | N/A | N/A | 83.9 | 0% |
| Hungary | 6.9 | 6.7 | 26.4 | 10.6 | 15.4% |
| Bulgaria | N/A | N/A | 93.4 | N/A | 0% |
| Others | 9.4 | 7.5 | 2,189 | 0.5 | -62.4% |
| Total | 86.1 | 87.8 | 2,514 | 1,835 | 177.3% |
Top Export Markets for Nuts from Serbia in 2022:
- Italy (546.2 tons)
- Montenegro (31.7 tons)
- Bosnia and Herzegovina (12.4 tons)
- Turkey (11.3 tons)
- Hungary (9.5 tons)
This report provides an in-depth analysis of the nuts 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:
- FCL 221 - Almonds
- FCL 223 - Pistachios
- FCL 222 - Walnuts
- FCL 220 - Chestnuts
- FCL 217 - Cashew nuts
- FCL 225 - Hazelnuts (Filberts)
- FCL 216 - Brazil nuts
- FCL 234 - Nuts nes
- FCL 224 - Kolanuts
- FCL 226 - Areca nuts
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
- COUNTRIES WITH TOP YIELDS
- 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, HARVESTED AREA AND YIELD
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
- Yield 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
- Area Harvested, 2012–2023
- Yield, 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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