Price for Flours and Meals; of Soya Beans in Serbia - 2024

Contents:

1. Price for Flours and Meals; of Soya Beans in Serbia (FOB) - 2024
2. Price for Flours and Meals; of Soya Beans in Serbia (CIF) - 2022
3. Exports of Flours and Meals; of Soya Beans in Serbia
4. Imports of Flours and Meals; of Soya Beans in Serbia

Price for Flours and Meals; of Soya Beans in Serbia (FOB) - 2024

In September 2023, the average export price for flours and meals; of soya beanses amounted to $1,165 per ton, falling by -3.4% against the previous month. Over the period under review, the export price continues to indicate a slight downturn. The most prominent rate of growth was recorded in April 2023 an increase of 2.9% against the previous month. As a result, the export price attained the peak level of $1,289 per ton. From May 2023 to September 2023, the the average export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In September 2023, the countries with the highest prices were Spain ($1,327 per ton) and Algeria ($1,324 per ton), while the average price for exports to the Netherlands ($1,022 per ton) and Bulgaria ($1,089 per ton) were amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flours and Meals; of Soya Beans in Serbia (CIF) - 2022

In 2022, the average import price for flours and meals; of soya beanses amounted to $1,167 per ton, jumping by 20% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Spain ($1,445 per ton), while the price for Germany ($962 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flours and Meals; of Soya Beans in Serbia

In 2022, after three years of growth, there was significant decline in overseas shipments of flours and meals; of soya beanses, when their volume decreased by -19.4% to 25K tons. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, the exports attained the peak of 30K tons, and then fell notably in the following year.

In value terms, exports of flours and meals; of soya beanses reduced to $28M in 2022. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. As a result, the exports attained the peak of $29M, and then contracted modestly in the following year.

Top Export Markets for Flours and Meals; of Soya Beans from Serbia in 2022:

1. Belgium (3.3K tons)
2. Netherlands (3.2K tons)
3. France (2.6K tons)
4. Bulgaria (2.6K tons)
5. Czech Republic (2.3K tons)
6. Poland (1.6K tons)
7. Italy (1.3K tons)
8. Romania (1.1K tons)
9. United Kingdom (1.0K tons)
10. Spain (0.9K tons)
11. Israel (0.8K tons)
12. Slovakia (0.6K tons)
13. Greece (0.5K tons)

Imports of Flours and Meals; of Soya Beans in Serbia

For the fourth year in a row, Serbia recorded growth in overseas purchases of flours and meals; of soya beanses, which increased by 50% to 699 tons in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 178%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of flours and meals; of soya beanses surged to $815K in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 196%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Flours and Meals; of Soya Beans to Serbia in 2022:

1. France (287.0 tons)
2. Netherlands (233.4 tons)
3. Italy (136.6 tons)
4. Germany (23.0 tons)
5. Spain (18.0 tons)

Source: IndexBox Market Intelligence Platform