Serbia: Frozen Fish Market 2024

Frozen Fish Market Size in Serbia

In 2022, the Serbian frozen fish market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Frozen fish consumption peaked in 2022 and is expected to retain growth in the immediate term.

Frozen Fish Production in Serbia

In value terms, frozen fish production amounted to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume decreased by X% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Frozen Fish Exports

Exports from Serbia

In 2022, after two years of growth, there was significant decline in shipments abroad of frozen fish, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped in the following year.

In value terms, frozen fish exports surged to $X in 2022. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons) was the main destination for frozen fish exports from Serbia, with a X% share of total exports. Moreover, frozen fish exports to Italy exceeded the volume sent to the second major destination, North Macedonia (X tons), more than tenfold. 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 Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Italy ($X) remains the key foreign market for frozen fish exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Montenegro ($X), with a X% share of total exports. It was followed by North Macedonia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and North Macedonia (X% per year).

Export Prices by Country

In 2022, the average frozen fish export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price saw a significant expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Ukraine ($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 Montenegro (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Serbia

In 2022, overseas purchases of frozen fish increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen fish imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its value 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest frozen fish supplier to Serbia, with a X% share of total imports. Moreover, frozen fish imports from Spain exceeded the figures recorded by the second-largest supplier, Poland (X tons), fivefold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Spain ($X) constituted the largest supplier of frozen fish to Serbia, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports. It was followed by Argentina, with an X% share.

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

Import Prices by Country

The average frozen fish import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Turkey ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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