Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Serbia - 2024
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Serbia (CIF) - 2024
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Serbia (FOB) - 2022
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Serbia
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Serbia
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Serbia (CIF) - 2024
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $3,116 per ton in September 2023, declining by -17.6% against the previous month. In general, import price indicated a buoyant expansion from January 2023 to September 2023: its price increased at an average monthly rate of +6.6% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -17.6% against August 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 31% month-to-month. The import price peaked at $3,782 per ton in August 2023, and then shrank markedly in the following month.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($3,475 per ton), while the price for Norway amounted to $3,065 per ton.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+8.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Serbia (FOB) - 2022
In 2022, the average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s amounted to $129,167 per ton, picking up by 37% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fats and oils and their fractions; of fish, (excluding liver-oils)s increased by +19.1% against 2014 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 106%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Montenegro.
From 2012 to 2022, the rate of growth in terms of prices for Montenegro amounted to +3.0% per year.
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Serbia
In 2022, approx. 908 tons of fats and oils and their fractions; of fish, (excluding liver-oils)s were imported into Serbia; rising by 5.8% on the year before. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 67%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s skyrocketed to $2.3M in 2022. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 75%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | N/A | 212 | 978 | 361.3% |
| Norway | 631 | 715 | 568 | 948 | 14.5% |
| Italy | 3.2 | 132 | 629 | 331 | 369.4% |
| Others | 109 | 5.4 | 86.0 | 16.5 | -46.7% |
| Total | 743 | 853 | 1,495 | 2,273 | 45.2% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Serbia in 2022:
- Norway (455.2 tons)
- Denmark (273.3 tons)
- Italy (176.9 tons)
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Serbia
For the third year in a row, Serbia recorded decline in overseas shipments of fats and oils and their fractions; of fish, (excluding liver-oils)s, which decreased by -95.8% to 12 kg in 2022. Overall, exports continue to indicate a sharp curtailment. The smallest decline of -0.3% was in 2021.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s dropped markedly to $1.6K in 2022. In general, exports saw a sharp decrease. The smallest decline of -7.5% was in 2021.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 32.8 | 29.0 | 26.5 | 1.6 | -63.5% |
| Others | N/A | N/A | 0.4 | N/A | 0% |
| Total | 32.8 | 29.0 | 26.9 | 1.6 | -63.5% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Serbia in 2022:
- Montenegro (12.0 kg)
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This report provides an in-depth analysis of the market for fish fat and oil in Serbia.
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This report provides an in-depth analysis of the global market for fish fat and oil.
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This report provides an in-depth analysis of the market for fish fat and oil in Serbia.
742
This report provides an in-depth analysis of the global market for fish fat and oil.
594
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
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Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
