Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Serbia - 2023

Contents:

1. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Serbia (CIF) - 2023
2. Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Serbia (FOB) - 2023
3. Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Serbia
4. Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Serbia

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Serbia (CIF) - 2023

In November 2023, the average import price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,679 per ton, leveling off at the previous month. Over the period under review, the import price, however, saw a slight curtailment. The growth pace was the most rapid in December 2022 an increase of 8.4% month-to-month. As a result, import price attained the peak level of $2,144 per ton. From January 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($2,150 per ton), while the price for Malaysia ($1,125 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Serbia (FOB) - 2023

In November 2023, the average export price for liquid margarine and edible mixtures of animal or vegetable fats amounted to $1,415 per ton, dropping by -5.8% against the previous month. Overall, the export price showed a abrupt downturn. The growth pace was the most rapid in July 2023 when the average export price increased by 38% against the previous month. Over the period under review, the average export prices reached the peak figure at $3,188 per ton in December 2022; however, from January 2023 to November 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In November 2023, the country with the highest price was Montenegro ($1,547 per ton), while the average price for exports to North Macedonia ($1,242 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.7%), while the prices for the other major destinations experienced a decline.

Imports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Serbia

In 2022, approx. 14K tons of liquid margarine and edible mixtures of animal or vegetable fats were imported into Serbia; waning by -2.8% compared with 2021. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of 14K tons, and then shrank modestly in the following year.

In value terms, imports of liquid margarine and edible mixtures of animal or vegetable fats skyrocketed to $28M in 2022. Overall, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 47% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats to Serbia in 2022:

1. Austria (4.3K tons)
2. Sweden (3.3K tons)
3. Greece (1.3K tons)
4. Russia (1.3K tons)
5. Italy (1.1K tons)
6. Belgium (0.6K tons)
7. Netherlands (0.5K tons)
8. Hungary (0.4K tons)
9. Indonesia (0.3K tons)

Exports of Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats in Serbia

In 2022, exports of liquid margarine and edible mixtures of animal or vegetable fats from Serbia surged to 607 tons, picking up by 101% on the previous year's figure. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 114%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of liquid margarine and edible mixtures of animal or vegetable fats soared to $1.2M in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 121%. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Liquid Margarine and Edible Mixtures of Animal or Vegetable Fats from Serbia in 2022:

1. Bosnia and Herzegovina (184.1 tons)
2. Slovenia (174.2 tons)
3. North Macedonia (124.6 tons)
4. Montenegro (89.7 tons)
5. Hungary (14.3 tons)
6. Canada (11.1 tons)

Source: IndexBox Market Intelligence Platform