Serbia - Rennet And Concentrates Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRennet Price in Serbia - 2023
Contents:
- Rennet Price in Serbia (CIF) - 2022
- Rennet Price in Serbia (FOB) - 2022
- Rennet Imports in Serbia
- Rennet Exports in Serbia
Rennet Price in Serbia (CIF) - 2022
The average rennet import price stood at $15,454 per ton in 2022, with a decrease of -36.4% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 131% against the previous year. The import price peaked at $99,258 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($78,122 per ton), while the price for Montenegro ($902 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Rennet Price in Serbia (FOB) - 2022
In 2022, the average rennet export price amounted to $1,173 per ton, flattening at the previous year. Overall, the export price recorded a perceptible decrease. The pace of growth was the most pronounced in 2018 an increase of 33% against the previous year. The export price peaked at $1,678 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($1,826 per ton), while the average price for exports to Montenegro ($1,113 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 Albania (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.
Rennet Imports in Serbia
For the fourth consecutive year, Serbia recorded growth in supplies from abroad of rennet and concentrates thereof, which increased by 59% to 19 tons in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 152% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, rennet imports amounted to $295K in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 175%. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Rennet in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 14.1 | 11.4 | 46.7 | 120 | 104.2% |
Netherlands | N/A | 179 | 150 | 74.8 | -35.4% |
Denmark | 33.0 | 42.5 | 49.3 | 37.2 | 4.1% |
Germany | 16.1 | 9.6 | 16.2 | 19.8 | 7.1% |
China | 27.0 | N/A | 5.6 | 6.2 | -38.8% |
Montenegro | N/A | N/A | N/A | 5.4 | 0% |
Others | 7.1 | 24.4 | 23.5 | 31.4 | 64.1% |
Total | 97.3 | 267 | 291 | 295 | 44.7% |
Top Suppliers of Rennet to Serbia in 2022:
- Turkey (7.7 tons)
- Montenegro (6.0 tons)
- Netherlands (3.8 tons)
- Denmark (0.6 tons)
- Germany (0.4 tons)
- China (0.2 tons)
Rennet Exports in Serbia
In 2022, the amount of rennet and concentrates thereof exported from Serbia reduced slightly to 141 tons, flattening at the previous year. In general, exports showed a deep reduction.
In value terms, rennet exports reduced slightly to $165K in 2022. Over the period under review, exports showed a slight descent. The pace of growth appeared the most rapid in 2020 with an increase of 8.1%. As a result, the exports attained the peak of $188K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Rennet in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Montenegro | 82.8 | 98.9 | 77.7 | 102 | 7.2% |
Bosnia and Herzegovina | 52.9 | 57.8 | 49.4 | 56.1 | 2.0% |
United States | 4.3 | 8.7 | 3.3 | 3.5 | -6.6% |
North Macedonia | 7.0 | N/A | 11.8 | 2.6 | -28.1% |
Albania | 25.0 | 18.4 | 19.5 | N/A | -11.7% |
Others | 2.1 | 4.5 | 4.3 | 1.0 | -21.9% |
Total | 174 | 188 | 166 | 165 | -1.8% |
Top Export Markets for Rennet from Serbia in 2022:
- Montenegro (91.5 tons)
- Bosnia and Herzegovina (45.0 tons)
- United States (2.4 tons)
- North Macedonia (1.4 tons)
This report provides an in-depth analysis of the rennet market 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:
- Prodcom 20146450 - Rennet and concentrates thereof
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
- 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 VOLUME AND VALUE
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
- 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
- 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
This report provides an in-depth analysis of the rennet market in Serbia.
This report provides an in-depth analysis of the global rennet market.
This report provides an in-depth analysis of the rennet market in Serbia.
This report provides an in-depth analysis of the global rennet market.
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