Preserved Frozen Potato Price in Serbia - 2023
Contents:
- Preserved Frozen Potato Price in Serbia (CIF) - 2023
- Preserved Frozen Potato Price in Serbia (FOB) - 2022
- Preserved Frozen Potato Imports in Serbia
- Preserved Frozen Potato Exports in Serbia
Preserved Frozen Potato Price in Serbia (CIF) - 2023
The average preserved frozen potato import price stood at $1,353 per ton in November 2023, dropping by -4.6% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 5.6% m-o-m. Over the period under review, average import prices attained the maximum at $1,417 per ton in October 2023, and then reduced in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was France ($1,693 per ton), while the price for Belarus ($650 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 France (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Frozen Potato Price in Serbia (FOB) - 2022
The average preserved frozen potato export price stood at $1,172 per ton in 2022, rising by 18% against the previous year. In general, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved frozen potato export price decreased by -7.2% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 64%. Over the period under review, the average export prices hit record highs at $1,263 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($2,217 per ton), while the average price for exports to Belgium ($756 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 Russia (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Frozen Potato Imports in Serbia
For the fourth consecutive year, Serbia recorded growth in overseas purchases of frozen potatoes prepared or preserved, which increased by 11% to 27K tons in 2022. The total import volume increased at an average annual rate of +11.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 18%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, preserved frozen potato imports surged to $26M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +62.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Preserved Frozen Potato in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 8.5 | 8.7 | 10.6 | 16.0 | 23.5% |
| Poland | 4.3 | 3.6 | 4.0 | 4.3 | 0.0% |
| Netherlands | 2.5 | 2.1 | 2.1 | 2.6 | 1.3% |
| Germany | 0.5 | 1.1 | 1.6 | 2.4 | 68.7% |
| Others | 0.6 | 0.4 | 0.2 | 0.4 | -12.6% |
| Total | 16.5 | 15.8 | 18.5 | 25.8 | 16.1% |
Top Suppliers of Preserved Frozen Potato to Serbia in 2022:
- Belgium (17.3K tons)
- Poland (4.1K tons)
- Netherlands (2.6K tons)
- Germany (2.3K tons)
Preserved Frozen Potato Exports in Serbia
In 2022, exports of frozen potatoes prepared or preserved from Serbia totaled 180 tons, increasing by 15% against 2021 figures. In general, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 251%.
In value terms, preserved frozen potato exports soared to $211K in 2022. Over the period under review, exports, however, showed a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 175% against the previous year.
| Export of Preserved Frozen Potato in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 173 | 36.1 | 83.9 | 127 | -9.8% |
| Russia | N/A | N/A | N/A | 45.5 | 0% |
| North Macedonia | 15.7 | N/A | 12.0 | 13.6 | -4.7% |
| Belgium | N/A | N/A | 9.0 | 9.4 | 4.4% |
| Bosnia and Herzegovina | 37.7 | 18.5 | 37.5 | 7.1 | -42.7% |
| Bulgaria | 1.7 | N/A | N/A | 6.5 | 56.4% |
| Croatia | 2.2 | N/A | 12.1 | N/A | 134.5% |
| United Arab Emirates | 9.3 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.9 | 0.7 | 1.6 | -8.2% |
| Total | 240 | 56.5 | 155 | 211 | -4.2% |
Top Export Markets for Preserved Frozen Potato from Serbia in 2022:
- Montenegro (121.1 tons)
- Russia (20.5 tons)
- North Macedonia (13.8 tons)
- Belgium (12.5 tons)
- Bulgaria (8.5 tons)
- Bosnia and Herzegovina (7.5 tons)
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