Serbia: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Serbia

The Serbian flaked or rolled cereal market expanded markedly to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, saw buoyant growth. Flaked or rolled cereal consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Flaked or Rolled Cereals in Serbia

In value terms, flaked or rolled cereal production soared to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Flaked or rolled cereal production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Flaked or Rolled Cereals

Exports from Serbia

In 2022, shipments abroad of flaked or rolled cereals increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, recorded a abrupt shrinkage. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, flaked or rolled cereal exports soared to $X in 2022. Over the period under review, exports, however, saw a noticeable descent. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X tons) was the main destination for flaked or rolled cereal exports from Serbia, accounting for a X% share of total exports. Moreover, flaked or rolled cereal exports to Romania exceeded the volume sent to the second major destination, Montenegro (X tons), threefold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Romania ($X) emerged as the key foreign market for flaked or rolled cereals exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Montenegro ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

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

Export Prices by Country

In 2022, the average flaked or rolled cereal export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a pronounced increase 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, flaked or rolled cereal export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Albania ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flaked or Rolled Cereals

Imports into Serbia

In 2022, approx. X tons of flaked or rolled cereals were imported into Serbia; picking up by X% compared with 2021 figures. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, flaked or rolled cereal imports soared to $X in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Russia (X tons) were the main suppliers of flaked or rolled cereal imports to Serbia, together accounting for X% of total imports. Italy, Hungary, Croatia and Belarus lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) constituted the largest supplier of flaked or rolled cereals to Serbia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by Russia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Russia (X% per year).

Import Prices by Country

The average flaked or rolled cereal import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform