Report Update: May 10, 2024

Serbia - Prepared Mustard - Market Analysis, Forecast, Size, Trends And Insights

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Prepared Mustard Price in Serbia - 2023

Prepared Mustard Price in Serbia (FOB) - 2022

The average prepared mustard export price stood at $1,874 per ton in 2022, with an increase of 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($2,153 per ton), while the average price for exports to Poland ($1,177 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 Poland (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Mustard Price in Serbia (CIF) - 2022

The average prepared mustard import price stood at $1,737 per ton in 2022, surging by 13% against the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 an increase of 17% against the previous year. The import price peaked at $2,301 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 France ($3,549 per ton), while the price for the Czech Republic ($904 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Prepared Mustard Exports in Serbia

Prepared mustard exports from Serbia fell remarkably to 1.1K tons in 2022, shrinking by -16.3% compared with 2021 figures. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.6% 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 +43.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 72% against the previous year. As a result, the exports reached the peak of 1.3K tons, and then fell sharply in the following year.

In value terms, prepared mustard exports contracted to $2M in 2022. Over the period under review, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 68% against the previous year. As a result, the exports attained the peak of $2.1M, and then fell in the following year.

Export of Prepared Mustard in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bosnia and Herzegovina	601	679	670	705	5.5%
Croatia	86.4	115	470	469	75.7%
North Macedonia	260	263	276	262	0.3%
Montenegro	211	149	203	233	3.4%
Poland	0.2	9.1	193	197	895.0%
Switzerland	N/A	N/A	198	46.7	-76.4%
Romania	29.8	28.5	77.8	29.3	-0.6%
Others	5.4	15.8	34.1	48.6	108.0%
Total	1,195	1,259	2,121	1,991	18.5%

Top Export Markets for Prepared Mustard from Serbia in 2022:

Bosnia and Herzegovina (327.7 tons)
Croatia (220.2 tons)
Poland (166.9 tons)
North Macedonia (156.3 tons)
Montenegro (131.8 tons)
Romania (16.3 tons)
Switzerland (13.5 tons)

Prepared Mustard Imports in Serbia

In 2022, supplies from abroad of prepared mustard decreased by -17.4% to 266 tons, falling for the second consecutive year after two years of growth. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 decreased by -19.1% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 89%. As a result, imports attained the peak of 329 tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, prepared mustard imports declined to $462K in 2022. Overall, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +85.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 73%.

Import of Prepared Mustard in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Poland	149	155	150	198	9.9%
Czech Republic	N/A	53.0	58.6	81.0	23.6%
Hungary	8.7	21.4	40.7	63.1	93.6%
France	41.5	56.1	90.6	40.7	-0.6%
Germany	21.9	114	96.8	22.0	0.2%
United Kingdom	7.8	7.5	8.0	18.4	33.1%
Sweden	14.0	13.2	17.2	10.8	-8.3%
Others	6.7	12.5	34.9	28.2	61.5%
Total	249	432	497	462	22.9%

Top Suppliers of Prepared Mustard to Serbia in 2022:

Poland (109.5 tons)
Czech Republic (89.6 tons)
Hungary (20.7 tons)
France (11.5 tons)
Germany (9.2 tons)
United Kingdom (8.1 tons)
Sweden (8.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the prepared mustard 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 10841253 - Mustard flour and meal
Prodcom 10841255 - Prepared mustard

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023