Report Update: Apr 1, 2024

Serbia - Tomato Ketchup And Tomato Sauces - Market Analysis, Forecast, Size, Trends And Insights

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Tomato Ketchup Price in Serbia - 2023

Tomato Ketchup Price in Serbia (FOB) - 2023

In October 2023, the average tomato ketchup export price amounted to $1,547 per ton, increasing by 2.3% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in December 2022 an increase of 17% against the previous month. Over the period under review, the average export prices attained the maximum at $1,708 per ton in July 2023; however, from August 2023 to October 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($2,844 per ton), while the average price for exports to Croatia ($1,144 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tomato Ketchup Price in Serbia (CIF) - 2023

In October 2023, the average tomato ketchup import price amounted to $1,492 per ton, which is down by -7.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.7%. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 26% m-o-m. The import price peaked at $1,614 per ton in June 2023; however, from July 2023 to October 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($2,937 per ton), while the price for Bosnia and Herzegovina ($1,001 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Tomato Ketchup Exports in Serbia

In 2022, approx. 5.6K tons of tomato ketchup and tomato sauces were exported from Serbia; surging by 3.3% compared with 2021 figures. The total export volume increased at an average annual rate of +9.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, tomato ketchup exports rose rapidly to $6.7M in 2022. The total export value increased at an average annual rate of +12.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Export of Tomato Ketchup in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bosnia and Herzegovina	1,713	1,906	1,962	1,838	2.4%
Montenegro	1,487	1,347	1,671	1,640	3.3%
North Macedonia	1,070	1,122	1,220	1,172	3.1%
Switzerland	N/A	11.3	417	580	616.4%
Slovakia	46.9	66.1	227	526	123.8%
Croatia	259	338	430	438	19.1%
Czech Republic	N/A	205	204	219	3.4%
Others	131	89.2	285	328	35.8%
Total	4,707	5,085	6,416	6,740	12.7%

Top Export Markets for Tomato Ketchup from Serbia in 2022:

Bosnia and Herzegovina (1354.8 tons)
Montenegro (1311.9 tons)
North Macedonia (1049.3 tons)
Slovakia (686.5 tons)
Croatia (500.1 tons)
Czech Republic (284.8 tons)
Switzerland (244.0 tons)

Tomato Ketchup Imports in Serbia

Tomato ketchup imports into Serbia surged to 4.4K tons in 2022, increasing by 63% compared with the year before. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tomato ketchup imports soared to $4.9M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Tomato Ketchup in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Bosnia and Herzegovina	447	779	1,039	1,354	44.7%
Croatia	461	N/A	49.9	1,297	41.2%
Italy	613	639	669	735	6.2%
Netherlands	291	519	521	694	33.6%
Germany	435	564	562	343	-7.6%
Poland	97.9	76.6	117	242	35.2%
Belgium	142	142	164	211	14.1%
Czech Republic	132	6.8	4.6	4.9	-66.6%
Others	70.5	75.9	42.9	61.2	-4.6%
Total	2,689	2,801	3,170	4,941	22.5%

Top Suppliers of Tomato Ketchup to Serbia in 2022:

Bosnia and Herzegovina (1795.6 tons)
Croatia (1394.6 tons)
Netherlands (477.7 tons)
Italy (292.2 tons)
Germany (235.8 tons)
Poland (107.9 tons)
Belgium (93.9 tons)
Czech Republic (4.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tomato ketchup 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 10841230 - Tomato ketchup and other tomato sauces

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023