Serbia: Meat Market 2024

Meat Market Size in Serbia

In 2022, the Serbian meat market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a mild setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Meat Production in Serbia

In value terms, meat production declined modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of meat in Serbia reduced modestly to X kg per head in 2022, therefore, remained relatively stable against the previous year. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the average meat yield hit record highs at X kg per head in 2021, and then shrank slightly in the following year.

In 2022, approx. X heads of animals slaughtered for meat production in Serbia; flattening at the year before. Overall, the number of producing animals, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the number of producing animals increased by X% against the previous year. Over the period under review, this number reached the peak level at X heads in 2016; however, from 2017 to 2022, producing animals stood at a somewhat lower figure.

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Meat Exports

Exports from Serbia

In 2022, overseas shipments of meat increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. In general, exports showed pronounced growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, meat exports soared to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for meat exports from Serbia, with a X% share of total exports. Moreover, meat exports to China exceeded the volume sent to the second major destination, Montenegro (X tons), fourfold. Croatia (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 China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (X% per year) and Croatia (X% per year).

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

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

Export Prices by Country

The average meat export price stood at $X per ton in 2022, rising by X% against the previous year. In general, export price indicated a noticeable 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, meat export price increased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Croatia ($X per ton), while the average price for exports to North Macedonia ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat Imports

Imports into Serbia

In 2022, purchases abroad of meat increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, meat imports surged to $X in 2022. In general, imports continue to indicate strong growth. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest meat supplier to Serbia, with a X% share of total imports. Moreover, meat imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold. The third position in this ranking was held by Hungary (X tons), with an X% share.

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

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

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

Import Prices by Country

The average meat import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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