Price for Cereal Flours; Other than of Wheat or Meslin in Serbia - 2023
Contents:
- Price for Cereal Flours; Other than of Wheat or Meslin in Serbia (FOB) - 2022
- Price for Cereal Flours; Other than of Wheat or Meslin in Serbia (CIF) - 2022
- Exports of Cereal Flours; Other than of Wheat or Meslin in Serbia
- Imports of Cereal Flours; Other than of Wheat or Meslin in Serbia
Price for Cereal Flours; Other than of Wheat or Meslin in Serbia (FOB) - 2022
The average export price for cereal flours; other than of wheat or meslin stood at $435 per ton in 2022, growing by 6.7% 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 2015 when the average export price increased by 23%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($776 per ton), while the average price for exports to Italy ($307 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 Montenegro (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereal Flours; Other than of Wheat or Meslin in Serbia (CIF) - 2022
In 2022, the average import price for cereal flours; other than of wheat or meslin amounted to $636 per ton, rising by 28% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for cereal flours; other than of wheat or meslin increased by +91.4% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($1,337 per ton), while the price for Belarus ($335 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Cereal Flours; Other than of Wheat or Meslin in Serbia
In 2022, approx. 5.8K tons of cereal flours; other than of wheat or meslin were exported from Serbia; picking up by 25% against the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern.
In value terms, exports of cereal flours; other than of wheat or meslin soared to $2.5M in 2022. The total export value increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Flours; Other than of Wheat or Meslin in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 696 | 770 | 315 | 828 | 6.0% |
| North Macedonia | 469 | 480 | 584 | 644 | 11.1% |
| Montenegro | 428 | 440 | 435 | 545 | 8.4% |
| Bosnia and Herzegovina | 83.7 | 87.6 | 91.7 | 98.4 | 5.5% |
| Switzerland | 58.4 | 104 | 90.2 | 98.0 | 18.8% |
| Germany | 9.9 | 60.6 | 67.6 | 79.5 | 100.3% |
| Albania | 80.2 | 85.0 | 133 | 37.0 | -22.7% |
| Others | 154 | 216 | 191 | 208 | 10.5% |
| Total | 1,980 | 2,244 | 1,908 | 2,538 | 8.6% |
Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Serbia in 2022:
- Italy (2695.4 tons)
- North Macedonia (1652.2 tons)
- Montenegro (745.3 tons)
- Bosnia and Herzegovina (189.0 tons)
- Switzerland (126.3 tons)
- Germany (107.4 tons)
- Albania (106.1 tons)
Imports of Cereal Flours; Other than of Wheat or Meslin in Serbia
In 2022, imports of cereal flours; other than of wheat or meslin into Serbia stood at 1.5K tons, picking up by 14% against 2021. The total import volume increased at an average annual rate of +9.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 22%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of cereal flours; other than of wheat or meslin soared to $958K in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.1% 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 +69.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cereal Flours; Other than of Wheat or Meslin in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 213 | 290 | 254 | 404 | 23.8% |
| Russia | 88.1 | 114 | 212 | 294 | 49.4% |
| Belarus | N/A | 16.0 | 34.2 | 94.4 | 142.9% |
| Austria | 110 | 104 | 113 | 74.0 | -12.4% |
| Belgium | 59.3 | 27.0 | 17.4 | 40.2 | -12.2% |
| France | 64.2 | 56.1 | 0.7 | N/A | -89.6% |
| Others | 31.4 | 9.8 | 26.3 | 51.3 | 17.8% |
| Total | 566 | 617 | 657 | 958 | 19.2% |
Top Suppliers of Cereal Flours; Other than of Wheat or Meslin to Serbia in 2022:
- Slovenia (795.2 tons)
- Belarus (281.7 tons)
- Russia (220.0 tons)
- Austria (129.7 tons)
- Belgium (35.1 tons)
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This report provides an in-depth analysis of the cereal flour market in Serbia.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
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Explore the top import markets for cereal flour in 2023, including key statistics and market insights. Learn about the leading countries driving demand for cereal flour products.
