Serbia: Barley Market 2024

Barley Market Size in Serbia

The Serbian barley market shrank slightly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Barley Production in Serbia

In value terms, barley production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In 2022, the average barley yield in Serbia contracted to X tons per ha, dropping by X% compared with the previous year's figure. Over the period under review, the yield indicated a pronounced increase from 2012 to 2022: its figure increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barley yield increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the yield increased by X% against the previous year. Over the period under review, the average barley yield attained the maximum level at X tons per ha in 2021, and then fell in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of barley production in Serbia rose slightly to X ha, picking up by X% on the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when the harvested area increased by X% against the previous year. The barley harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

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Barley Exports

Exports from Serbia

In 2022, after two years of growth, there was decline in overseas shipments of barley, when their volume decreased by X% to X tons. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, barley exports surged to $X in 2022. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Romania (X tons) was the main destination for barley exports from Serbia, accounting for a X% share of total exports. Moreover, barley exports to Romania exceeded the volume sent to the second major destination, Italy (X tons), sixfold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Romania ($X) remains the key foreign market for barley exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

In 2022, the average barley export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per ton) and Bosnia and Herzegovina ($X per ton), while the average price for exports to North Macedonia ($X per ton) and Croatia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Barley Imports

Imports into Serbia

In 2022, imports of barley into Serbia soared to X tons, rising by X% compared with the previous year. Overall, imports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, barley imports skyrocketed to $X in 2022. In general, imports, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Croatia (X tons) was the main supplier of barley to Serbia, with a X% share of total imports. Moreover, barley imports from Croatia exceeded the figures recorded by the second-largest supplier, Austria (X tons), more than tenfold. The third position in this ranking was taken by Slovakia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Croatia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Slovakia (X% per year).

In value terms, Croatia ($X) constituted the largest supplier of barley to Serbia, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Croatia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Slovakia (X% per year).

Import Prices by Country

In 2022, the average barley import price amounted to $X per ton, with an increase of X% against the previous year. 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 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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