Serbia - Yoghurt - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Yoghurt and Fermented Milk in Serbia - 2023
Contents:
- Price for Yoghurt and Fermented Milk in Serbia (FOB) - 2023
- Price for Yoghurt and Fermented Milk in Serbia (CIF) - 2023
- Exports of Yoghurt and Fermented Milk in Serbia
- Imports of Yoghurt and Fermented Milk in Serbia
Price for Yoghurt and Fermented Milk in Serbia (FOB) - 2023
In November 2023, the average yoghurt and fermented milk export price amounted to $1,113 per ton, with an increase of 3.2% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average export price increased by 9.4% against the previous month. The export price peaked at $1,246 per ton in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major overseas markets. In November 2023, the countries with the highest prices were Montenegro ($1,314 per ton) and Bosnia and Herzegovina ($1,250 per ton), while the average price for exports to Bulgaria ($893 per ton) and North Macedonia ($1,188 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Yoghurt and Fermented Milk in Serbia (CIF) - 2023
In November 2023, the average yoghurt and fermented milk import price amounted to $1,760 per ton, with an increase of 3.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in January 2023 an increase of 6.6% m-o-m. Over the period under review, average import prices hit record highs at $1,801 per ton in July 2023; afterwards, it flattened through to November 2023.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was France ($3,079 per ton), while the price for Croatia ($1,095 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 France (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Yoghurt and Fermented Milk in Serbia
For the fourth consecutive year, Serbia recorded growth in shipments abroad of yoghurt and fermented milk, which increased by 4.2% to 20K tons in 2022. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 105%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, yoghurt and fermented milk exports expanded markedly to $19M in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 98%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Yoghurt and Fermented Milk in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 1.2 | 3.8 | 7.4 | 6.3 | 73.8% |
| North Macedonia | 0.8 | 1.9 | 4.6 | 5.1 | 85.4% |
| Bulgaria | 0.1 | 0.1 | 1.2 | 3.6 | 230.2% |
| Bosnia and Herzegovina | 2.3 | 2.2 | 2.9 | 2.8 | 6.8% |
| Croatia | N/A | 0.1 | 0.2 | 0.8 | 182.8% |
| Others | 0.2 | 0.3 | 0.3 | N/A | 22.5% |
| Total | 4.6 | 8.4 | 16.6 | 18.5 | 59.0% |
Top Export Markets for Yoghurt and Fermented Milk from Serbia in 2022:
- North Macedonia (6.2K tons)
- Montenegro (5.7K tons)
- Bulgaria (4.8K tons)
- Bosnia and Herzegovina (2.4K tons)
- Croatia (0.9K tons)
Imports of Yoghurt and Fermented Milk in Serbia
In 2022, the amount of yoghurt and fermented milk imported into Serbia surged to 8.3K tons, rising by 32% compared with the previous year. In general, imports, however, recorded a sharp decrease.
In value terms, yoghurt and fermented milk imports surged to $12M in 2022. Overall, imports, however, showed a abrupt decline.
| Import of Yoghurt and Fermented Milk in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.8 | 2.7 | 4.5 | 6.7 | 55.0% |
| Poland | 0.7 | 1.2 | 1.4 | 2.2 | 46.5% |
| Croatia | 1.3 | 1.5 | 1.0 | 1.4 | 2.5% |
| France | 0.3 | 0.5 | 0.6 | 0.8 | 38.7% |
| Hungary | 0.4 | 0.4 | 0.5 | 0.3 | -9.1% |
| North Macedonia | 8.3 | 0.1 | 0.2 | 0.2 | -71.1% |
| Bosnia and Herzegovina | 9.1 | 0.2 | 0.1 | N/A | -89.5% |
| Others | 0.4 | 0.4 | 0.5 | 0.7 | 20.5% |
| Total | 22.3 | 7.1 | 8.8 | 12.3 | -18.0% |
Top Suppliers of Yoghurt and Fermented Milk to Serbia in 2022:
- Bosnia and Herzegovina (undefinedK tons)
- Germany (4.3K tons)
- Poland (1.5K tons)
- Croatia (1.5K tons)
- France (0.4K tons)
- Hungary (0.2K tons)
- North Macedonia (0.1K tons)
This report provides an in-depth analysis of the market for yoghurt and fermented milk in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 891 - Yoghurt
- FCL 892 - Yoghurt, Concentrated or Unconcent
- FCL 893 - Buttermilk, Curdled Milk, Acidified Milk
- FCL 899 - Dry Buttermilk
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, PRODUCING ANIMALS AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Producing Animals Slaughtered, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for yoghurt and fermented milk in Serbia.
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Discover the top import markets for yoghurt, including the United Kingdom, Italy, Spain, Netherlands, and Belgium. Explore key statistics and data from the IndexBox market intelligence platform.
708
The global yoghurt imports dropped by -7.2% y-o-y to $2.4B in 2020. The UK remains the leading yoghurt importer worldwide. Last year, the UK emerged as the fastest-growing country in terms of yoghurt imports. In 2020, France, Germany and Belgium were the prime suppliers of yoghurt to the UK, providing 80% of the total import volume.
1369
Germany dominates in the global yoghurt trade. In 2014, Germany exported X thousand tons of yoghurt totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total yoghurt exports in v
387
Discover the top import markets for yoghurt, including the United Kingdom, Italy, Spain, Netherlands, and Belgium. Explore key statistics and data from the IndexBox market intelligence platform.
708
The global yoghurt imports dropped by -7.2% y-o-y to $2.4B in 2020. The UK remains the leading yoghurt importer worldwide. Last year, the UK emerged as the fastest-growing country in terms of yoghurt imports. In 2020, France, Germany and Belgium were the prime suppliers of yoghurt to the UK, providing 80% of the total import volume.
1369
Germany dominates in the global yoghurt trade. In 2014, Germany exported X thousand tons of yoghurt totaling X million USD, X% under the previous year. Its primary trading partner was Italy, where it supplied X% of its total yoghurt exports in v
