Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Serbia - 2023

Contents:

  1. Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Serbia (CIF) - 2023
  2. Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Serbia (FOB) - 2022
  3. Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Serbia
  4. Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Serbia

Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Serbia (CIF) - 2023

The average import price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $5,812 per ton in November 2023, remaining constant against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 32% against the previous month. As a result, import price attained the peak level of $8,520 per ton. From September 2023 to November 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($8,599 per ton), while the price for Vietnam totaled $5,694 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-1.0%).

Price for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Serbia (FOB) - 2022

The average export price for nuts, edible; cashew nuts, shelled, fresh or drieds stood at $7,171 per ton in 2022, falling by -6.8% against the previous year. Overall, the export price continues to indicate a perceptible decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 133% against the previous year. As a result, the export price attained the peak level of $12,563 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($12,133 per ton), while the average price for exports to Ukraine ($6,483 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 North Macedonia (+34.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Serbia

In 2022, supplies from abroad of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -16% to 394 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. As a result, imports attained the peak of 469 tons, and then dropped markedly in the following year.

In value terms, imports of nuts, edible; cashew nuts, shelled, fresh or drieds declined remarkably to $2.7M in 2022. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 107%. As a result, imports attained the peak of $3.3M, and then dropped remarkably in the following year.

Import of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam1,1051,5372,4052,45830.5%
Cote d'Ivoire19.615.2133171105.9%
NetherlandsN/AN/A117110-6.0%
CroatiaN/AN/A312N/A0%
Mozambique136N/A37.4N/A-47.6%
Others12758.63284.4-67.4%
Total1,3881,6113,3332,74325.5%

Top Suppliers of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried to Serbia in 2022:

  1. Vietnam (356.2 tons)
  2. Cote d'Ivoire (21.3 tons)
  3. Netherlands (15.9 tons)

Exports of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Serbia

After three years of growth, shipments abroad of nuts, edible; cashew nuts, shelled, fresh or drieds decreased by -9.9% to 47 tons in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 149%.

In value terms, exports of nuts, edible; cashew nuts, shelled, fresh or drieds dropped rapidly to $335K in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 132%.

Export of Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
UkraineN/AN/AN/A1150%
Montenegro71.150.693.910513.9%
Hungary36.076.710863.020.5%
Bosnia and Herzegovina37.714418951.711.1%
North MacedoniaN/A60.3N/A0.5-90.9%
OthersN/A3.67.2N/A100.0%
Total14533539833532.2%

Top Export Markets for Nuts, Edible; Cashew Nuts, Shelled, Fresh or Dried from Serbia in 2022:

  1. Ukraine (17.7 tons)
  2. Montenegro (13.8 tons)
  3. Hungary (9.0 tons)
  4. Bosnia and Herzegovina (6.2 tons)

Source: IndexBox Market Intelligence Platform

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