Price for Frozen Concentrated Orange Juice in Serbia - 2023

Contents:

1. Price for Frozen Concentrated Orange Juice in Serbia (CIF) - 2023
2. Price for Frozen Concentrated Orange Juice in Serbia (FOB) - 2022
3. Imports of Frozen Concentrated Orange Juice in Serbia
4. Exports of Frozen Concentrated Orange Juice in Serbia

Price for Frozen Concentrated Orange Juice in Serbia (CIF) - 2023

The average frozen concentrated orange juice import price stood at $2,654 per ton in October 2023, with an increase of 1.9% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in May 2023 when the average import price increased by 38% m-o-m. As a result, import price reached the peak level of $3,526 per ton. From June 2023 to October 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In October 2023, the highest price was recorded for prices from the Netherlands ($2,709 per ton) and Belgium ($2,639 per ton), while the price for Greece ($2,330 per ton) and Brazil ($2,614 per ton) were amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Brazil (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Frozen Concentrated Orange Juice in Serbia (FOB) - 2022

In 2022, the average frozen concentrated orange juice export price amounted to $2,469 per ton, growing by 4.1% against the previous year. Overall, the export price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2016 when the average export price increased by 115% against the previous year. The export price peaked at $2,993 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Albania ($2,902 per ton) and North Macedonia ($2,887 per ton), while the average price for exports to Greece ($2,390 per ton) and Romania ($2,444 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+24.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Concentrated Orange Juice in Serbia

In 2022, overseas purchases of frozen concentrated orange juice were finally on the rise to reach 2.7K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt decrease.

In value terms, frozen concentrated orange juice imports contracted to $6.1M in 2022. In general, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 2.3%.

Top Suppliers of Frozen Concentrated Orange Juice to Serbia in 2022:

1. Netherlands (1382.5 tons)
2. Brazil (1072.5 tons)
3. Pakistan (60.8 tons)
4. Austria (48.6 tons)
5. Greece (43.2 tons)
6. Belgium (11.7 tons)

Exports of Frozen Concentrated Orange Juice in Serbia

In 2022, the amount of frozen concentrated orange juice exported from Serbia reduced dramatically to 61 tons, which is down by -18.8% on the previous year's figure. Over the period under review, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 8.9% against the previous year.

In value terms, frozen concentrated orange juice exports dropped markedly to $150K in 2022. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 15%.

Top Export Markets for Frozen Concentrated Orange Juice from Serbia in 2022:

1. Romania (31.2 tons)
2. Greece (22.2 tons)
3. North Macedonia (4.2 tons)
4. Albania (2.5 tons)

Source: IndexBox Market Intelligence Platform