Serbia: Frozen Potato Market 2024

Frozen Potato Market Size in Serbia

The Serbian frozen potato market soared to $X in 2022, surging by X% against the previous year. Overall, consumption showed a strong increase. Frozen potato consumption peaked in 2022 and is expected to retain growth in the immediate term.

Frozen Potato Production in Serbia

In value terms, frozen potato production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt setback. Frozen potato production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Frozen Potato Exports

Exports from Serbia

In 2022, frozen potato exports from Serbia reduced to X tons, with a decrease of X% on the previous year. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, frozen potato exports soared to $X in 2022. In general, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

North Macedonia (X tons), Montenegro (X tons) and Greece (X tons) were the main destinations of frozen potato exports from Serbia, together accounting for X% of total exports. Bosnia and Herzegovina, Romania, Russia, Slovenia and Croatia lagged somewhat behind, together accounting for a further X%.

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

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

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

Export Prices by Country

The average frozen potato export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

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

Frozen Potato Imports

Imports into Serbia

For the sixth consecutive year, Serbia recorded growth in supplies from abroad of frozen potatoes, which increased by X% to X tons in 2022. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, frozen potato imports surged to $X in 2022. Overall, imports showed a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Belgium (X tons) constituted the largest frozen potato supplier to Serbia, with a X% share of total imports. Moreover, frozen potato imports from Belgium exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

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

In value terms, Belgium ($X) constituted the largest supplier of frozen potatoes to Serbia, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

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

Import Prices by Country

In 2022, the average frozen potato import price amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue 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 Poland ($X per ton), while the price for Austria ($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 Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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