Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Serbia - 2024
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Serbia (FOB) - 2024
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Serbia (CIF) - 2024
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Serbia
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Serbia
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Serbia (FOB) - 2024
In January 2024, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,160 per ton, with an increase of 3.9% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 an increase of 7.6% against the previous month. The export price peaked at $4,236 per ton in August 2023; afterwards, it flattened through to January 2024.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($5,855 per ton), while the average price for exports to Slovenia ($3,081 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Serbia (CIF) - 2024
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,822 per ton in January 2024, shrinking by -14.3% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in December 2023 an increase of 18% month-to-month. As a result, import price attained the peak level of $4,459 per ton, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the Czech Republic ($8,585 per ton), while the price for Bosnia and Herzegovina ($1,184 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Serbia
For the third year in a row, Serbia recorded decline in overseas shipments of soups and broths and preparations therefor; homogenised composite food preparationses, which decreased by -1.8% to 2.2K tons in 2022. In general, exports saw a sharp reduction.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses contracted slightly to $8.1M in 2022. Over the period under review, exports saw a abrupt curtailment.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 1,920 | 1,957 | 2,149 | 2,225 | 5.0% |
| North Macedonia | 2,225 | 1,876 | 1,807 | 1,586 | -10.7% |
| Croatia | 4,528 | 1,581 | 1,417 | 1,507 | -30.7% |
| Montenegro | 938 | 859 | 923 | 968 | 1.1% |
| Romania | 71.6 | 53.0 | 272 | 422 | 80.6% |
| Slovenia | 153 | 255 | 218 | 347 | 31.4% |
| Hungary | 1.0 | 28.8 | 243 | 260 | 538.3% |
| Bulgaria | 154 | 121 | 217 | 229 | 14.1% |
| Germany | 46.9 | 101 | 176 | 187 | 58.6% |
| United Arab Emirates | 235 | 227 | 167 | 85.0 | -28.8% |
| Russia | 572 | 810 | 266 | N/A | -31.8% |
| Others | 382 | 441 | 302 | 292 | -8.6% |
| Total | 11,227 | 8,309 | 8,158 | 8,107 | -10.3% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Serbia in 2022:
- Bosnia and Herzegovina (583.7 tons)
- North Macedonia (520.4 tons)
- Croatia (445.5 tons)
- Montenegro (239.9 tons)
- Slovenia (98.7 tons)
- Romania (88.2 tons)
- Hungary (80.1 tons)
- Bulgaria (57.4 tons)
- Germany (39.6 tons)
- United Arab Emirates (21.9 tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Serbia
For the fourth consecutive year, Serbia recorded growth in supplies from abroad of soups and broths and preparations therefor; homogenised composite food preparationses, which increased by 3.9% to 1.7K tons in 2022. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 170% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses rose sharply to $6.4M in 2022. Over the period under review, imports posted significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 140% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 1,097 | 2,694 | 3,666 | 3,868 | 52.2% |
| Hungary | 121 | 598 | 727 | 645 | 74.7% |
| Czech Republic | 212 | 259 | 356 | 457 | 29.2% |
| Germany | 135 | 213 | 371 | 377 | 40.8% |
| Slovakia | 0.2 | 25.4 | 31.0 | 313 | 1061.0% |
| Italy | 22.4 | 14.9 | 180 | 183 | 101.4% |
| Poland | 6.9 | N/A | 92.5 | 134 | 168.8% |
| Others | 76.1 | 207 | 529 | 403 | 74.3% |
| Total | 1,671 | 4,012 | 5,953 | 6,381 | 56.3% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Serbia in 2022:
- Croatia (1047.9 tons)
- Hungary (117.0 tons)
- Slovakia (108.4 tons)
- Germany (106.6 tons)
- Czech Republic (94.3 tons)
- Italy (64.2 tons)
- Poland (39.2 tons)
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