Serbia: Oat Market 2024

Oat Market Size in Serbia

The Serbian oat market totaled $X in 2022, leveling off at the previous year. Overall, consumption saw a perceptible decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Oat Production in Serbia

In value terms, oat production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 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 oats in Serbia dropped modestly to X tons per ha in 2022, waning by X% on the previous year's figure. The yield figure increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when the yield increased by X%. Over the period under review, the average oat yield hit record highs at X tons per ha in 2021, and then contracted in the following year. 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 oats were harvested in Serbia; reducing by X% against the previous year. Over the period under review, the harvested area continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of X%. The oat harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area remained at a lower figure.

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Oat Exports

Exports from Serbia

Oat exports from Serbia rose notably to X tons in 2022, growing by X% compared with 2021 figures. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, oat exports fell to $X in 2022. In general, exports showed a prominent expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for oat exports from Serbia, with a X% share of total exports. Moreover, oat exports to Germany exceeded the volume sent to the second major destination, Montenegro (X tons), twofold. The third position in this ranking was taken by North Macedonia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled 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).

In value terms, the largest markets for oat exported from Serbia were Germany ($X), Bosnia and Herzegovina ($X) and Montenegro ($X), with a combined X% share of total exports.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average oat export price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Oat Imports

Imports into Serbia

In 2022, the amount of oats imported into Serbia surged to X tons, with an increase of X% compared with the year before. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, oat imports skyrocketed to $X in 2022. In general, imports posted a moderate increase. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Croatia (X tons) constituted the largest supplier of oat to Serbia, with a X% share of total imports. Moreover, oat imports from Croatia exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. Hungary (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 Croatia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Hungary (X% per year).

In value terms, Croatia ($X) constituted the largest supplier of oats to Serbia, comprising X% of total imports. The second position in the ranking was held by Russia ($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 Croatia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Hungary (X% per year).

Import Prices by Country

The average oat import price stood at $X per ton in 2022, rising by X% against the previous year. In general, the import price, however, continues to indicate a perceptible contraction. 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 reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Czech Republic ($X per ton) and Slovakia ($X per ton), while the price for Croatia ($X per ton) and Russia ($X per ton) were 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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