Price for Cereal Flour; of Maize (Corn) in Serbia - 2023

Contents:

1. Price for Cereal Flour; of Maize (Corn) in Serbia (FOB) - 2023
2. Price for Cereal Flour; of Maize (Corn) in Serbia (CIF) - 2022
3. Exports of Cereal Flour; of Maize (Corn) in Serbia
4. Imports of Cereal Flour; of Maize (Corn) in Serbia

Price for Cereal Flour; of Maize (Corn) in Serbia (FOB) - 2023

In September 2023, the average export price for cereal flour; of maize (corn) amounted to $300 per ton, declining by -31.1% against the previous month. In general, the export price saw a noticeable setback. The growth pace was the most rapid in August 2023 an increase of 37% m-o-m. The export price peaked at $440 per ton in December 2022; however, from January 2023 to September 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Germany ($807 per ton), while the average price for exports to North Macedonia ($225 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-0.1%), while the prices for the other major destinations experienced a decline.

Price for Cereal Flour; of Maize (Corn) in Serbia (CIF) - 2022

The average import price for cereal flour; of maize (corn) stood at $2,501 per ton in 2022, with an increase of 150% against the previous year. In general, the import price, however, showed a pronounced downturn. The import price peaked at $3,787 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($2,495 per ton), while the price for Italy stood at $2,494 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+40.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cereal Flour; of Maize (Corn) in Serbia

In 2022, the amount of cereal flour; of maize (corn) exported from Serbia soared to 5.4K tons, picking up by 27% on 2021 figures. Overall, exports, however, saw a relatively flat trend pattern.

In value terms, cereal flour; of maize (corn) exports surged to $2.1M in 2022. The total export value increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Flour; of Maize (Corn) from Serbia in 2022:

1. Italy (2695.4 tons)
2. North Macedonia (1590.6 tons)
3. Montenegro (496.6 tons)
4. Bosnia and Herzegovina (147.1 tons)
5. Switzerland (123.8 tons)
6. Albania (106.1 tons)
7. Germany (99.3 tons)

Imports of Cereal Flour; of Maize (Corn) in Serbia

Cereal flour; of maize (corn) imports into Serbia reduced sharply to 617 kg in 2022, which is down by -92.4% on 2021 figures. In general, imports saw a sharp shrinkage. The smallest decline of -38.4% was in 2020.

In value terms, cereal flour; of maize (corn) imports reduced sharply to $1.5K in 2022. Overall, imports recorded a sharp slump. The smallest decline of -35.2% was in 2020.

Top Suppliers of Cereal Flour; of Maize (Corn) to Serbia in 2022:

1. Italy (502.0 kg)
2. Belgium (107.0 kg)

Source: IndexBox Market Intelligence Platform