Serbia: Green Bean Market 2024

Green Bean Market Size in Serbia

The Serbian green bean market was estimated at $X in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Green Bean Production in Serbia

In value terms, green bean production rose rapidly to $X in 2022 estimated in export price. In general, production posted strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

In 2022, the average yield of green beans in Serbia contracted modestly to X tons per ha, approximately mirroring the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2014 to 2022, the growth of the average green bean yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of green beans were harvested in Serbia; flattening at the previous year's figure. Over the period under review, the harvested area, however, saw a mild slump. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X%. The green bean harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area stood at a somewhat lower figure.

Green Bean Exports

Exports from Serbia

In 2022, exports of green beans from Serbia skyrocketed to X tons, picking up by X% on the previous year's figure. Over the period under review, exports continue to indicate notable growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, green bean exports skyrocketed to $X in 2022. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Montenegro (X tons) and the United States (X tons) were the main destinations of green bean exports from Serbia.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the United States ($X) remains the key foreign market for green beans exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Montenegro ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%.

Export Prices by Country

In 2022, the average green bean export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Montenegro totaled $X per ton.

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

Green Bean Imports

Imports into Serbia

In 2022, imports of green beans into Serbia declined rapidly to X tons, with a decrease of X% on the year before. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, green bean imports dropped remarkably to $X in 2022. Over the period under review, imports saw a deep slump. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Albania (X tons) constituted the largest green bean supplier to Serbia, accounting for a X% share of total imports. Moreover, green bean imports from Albania exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold.

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

In value terms, Albania ($X) constituted the largest supplier of green beans to Serbia, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Albania totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2022, the average green bean import price amounted to $X per ton, with a decrease of X% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price 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, green bean import price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform