Serbia - Olives (Prepared Or Preserved ) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Olive Price in Serbia - 2023
Contents:
- Preserved Olive Price in Serbia (CIF) - 2022
- Preserved Olive Price in Serbia (FOB) - 2023
- Preserved Olive Imports in Serbia
- Preserved Olive Exports in Serbia
Preserved Olive Price in Serbia (CIF) - 2022
In 2022, the average preserved olive import price amounted to $2,205 per ton, growing by 6.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 an increase of 15%. The import price peaked at $2,240 per ton in 2014; afterwards, it flattened through to 2022.
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 Turkey ($2,712 per ton), while the price for Spain ($1,798 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Olive Price in Serbia (FOB) - 2023
The average preserved olive export price stood at $2,796 per ton in October 2023, declining by -21.3% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 53% m-o-m. As a result, the export price attained the peak level of $4,464 per ton. From January 2023 to October 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Croatia ($4,213 per ton), while the average price for exports to Bosnia and Herzegovina ($2,602 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Olive Imports in Serbia
In 2022, approx. 2.8K tons of olives prepared or preserved were imported into Serbia; surging by 2% compared with 2021. The total import volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 12%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, preserved olive imports expanded notably to $6.1M in 2022. The total import value increased at an average annual rate of +10.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Preserved Olive in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 2.4 | 2.8 | 3.6 | 3.1 | 8.9% |
| Spain | 2.0 | 2.3 | 1.9 | 2.7 | 10.5% |
| Turkey | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Total | 4.6 | 5.2 | 5.6 | 6.1 | 9.9% |
Top Suppliers of Preserved Olive to Serbia in 2022:
- Spain (1513.3 tons)
- Greece (1153.2 tons)
- Turkey (42.3 tons)
Preserved Olive Exports in Serbia
Preserved olive exports from Serbia reduced modestly to 304 tons in 2022, waning by -3% compared with 2021. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 41% against the previous year. As a result, the exports attained the peak of 314 tons, and then shrank slightly in the following year.
In value terms, preserved olive exports reduced to $916K in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, the exports attained the peak of $995K, and then contracted in the following year.
| Export of Preserved Olive in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 379 | 218 | 350 | 422 | 3.6% |
| Bosnia and Herzegovina | 145 | 146 | 179 | 162 | 3.8% |
| Russia | 199 | 209 | 278 | 112 | -17.4% |
| United Arab Emirates | N/A | N/A | 37.4 | 57.4 | 53.5% |
| Slovakia | N/A | 34.6 | 68.3 | 54.1 | 25.0% |
| Croatia | 75.8 | 28.9 | 40.5 | 48.3 | -13.9% |
| Slovenia | N/A | N/A | 8.8 | 27.1 | 208.0% |
| Hungary | 14.9 | 18.6 | 9.8 | 11.5 | -8.3% |
| Others | 40.0 | 9.0 | 24.3 | 21.5 | -18.7% |
| Total | 854 | 664 | 995 | 916 | 2.4% |
Top Export Markets for Preserved Olive from Serbia in 2022:
- Montenegro (171.5 tons)
- Bosnia and Herzegovina (68.9 tons)
- Russia (16.4 tons)
- Slovenia (10.6 tons)
- Croatia (9.5 tons)
- United Arab Emirates (8.9 tons)
- Slovakia (8.3 tons)
- Hungary (5.5 tons)
This report provides an in-depth analysis of the preserved olive 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 10391770 - Prepared or preserved olives (excluding prepared vegetable dishes and olives dried, frozen or preserved by vinegar or acetic acid)
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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Despite relatively flat year to year export numbers in 2014, Italy continued to lead the way in the global trade of vegetables (homogenized preparations). In 2014, Italy exported X thousand tons of vegetables (homogenized preparations) totaling X m
1601
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