Serbia - Olive Oil And Its Fractions - Market Analysis, Forecast, Size, Trends And Insights
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View PricingOlive Oil Price in Serbia - 2021
Contents:
- Olive Oil Price in Serbia (CIF) - 2021
- Olive Oil Price in Serbia (FOB) - 2022
- Olive Oil Imports in Serbia
- Olive Oil Exports in Serbia
Olive Oil Price in Serbia (CIF) - 2021
The average olive oil import price stood at $4,638 per ton in December 2021, shrinking by -6.6% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in March 2021 when the average import price increased by 18% m-o-m. The import price peaked at $5,196 per ton in October 2021; however, from November 2021 to December 2021, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2021, the country with the highest price was Italy ($4,982 per ton), while the price for Spain ($3,414 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Olive Oil Price in Serbia (FOB) - 2022
In 2022, the average olive oil export price amounted to $5,124 per ton, declining by -3.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 45% against the previous year. As a result, the export price attained the peak level of $5,540 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($5,912 per ton), while the average price for exports to Bosnia and Herzegovina stood at $4,931 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+3.3%), while the prices for the other major destinations experienced mixed trend patterns.
Olive Oil Imports in Serbia
After three years of growth, purchases abroad of olive oil and its fractions decreased by -21.7% to 1.6K tons in 2022. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 77% against the previous year. As a result, imports attained the peak of 2.1K tons, and then fell rapidly in the following year.
In value terms, olive oil imports declined dramatically to $7.1M in 2022. Over the period under review, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 113% against the previous year. As a result, imports attained the peak of $9.7M, and then declined rapidly in the following year.
| Import of Olive Oil in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2.1 | 2.6 | 6.3 | 4.6 | 29.9% |
| Spain | 0.8 | 0.8 | 1.9 | 1.4 | 20.5% |
| Greece | 0.7 | 1.1 | 1.3 | 1.0 | 12.6% |
| Others | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Total | 3.6 | 4.6 | 9.7 | 7.1 | 25.4% |
Top Suppliers of Olive Oil to Serbia in 2022:
- Italy (1043.2 tons)
- Spain (374.4 tons)
- Greece (203.3 tons)
Olive Oil Exports in Serbia
In 2022, approx. 3.7 tons of olive oil and its fractions were exported from Serbia; waning by -3.9% on the previous year. In general, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 8.4%.
In value terms, olive oil exports dropped to $19K in 2022. Over the period under review, exports showed a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year.
| Export of Olive Oil in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 33.3 | 4.6 | 14.7 | 14.8 | -23.7% |
| Montenegro | 11.3 | 2.0 | 2.3 | 4.4 | -27.0% |
| United States | N/A | 9.5 | N/A | N/A | 0% |
| North Macedonia | N/A | N/A | 1.9 | N/A | 0% |
| Others | 1.4 | 1.6 | 1.8 | N/A | 13.4% |
| Total | 46.0 | 17.7 | 20.7 | 19.2 | -25.3% |
Top Export Markets for Olive Oil from Serbia in 2022:
- Bosnia and Herzegovina (3.0 tons)
- Montenegro (0.7 tons)
This report provides an in-depth analysis of the olive oil 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 261 - Oil of Olives, Virgin
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
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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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This report provides an in-depth analysis of the olive oil market in Serbia.
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