Serbia: Pimenta Pepper Market 2024

Pimenta Pepper Market Size in Serbia

After two years of growth, the Serbian pimenta pepper market decreased by X% to $X in 2022. Overall, the total consumption indicated noticeable growth 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, consumption increased by X% against 2015 indices. Pimenta pepper consumption peaked at $X in 2021, and then declined slightly in the following year.

Pimenta Pepper Production in Serbia

In value terms, pimenta pepper production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Pimenta pepper production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average yield of pimenta pepper in Serbia dropped modestly to X tons per ha, standing approx. at the year before. Overall, the yield, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The pimenta pepper yield peaked at X tons per ha in 2017; afterwards, it flattened through to 2022. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of pimenta pepper production in Serbia totaled X ha, almost unchanged from 2021. In general, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The pimenta pepper harvested area peaked at X ha in 2017; afterwards, it flattened through to 2022.

Pimenta Pepper Exports

Exports from Serbia

In 2022, pimenta pepper exports from Serbia declined to X tons, flattening at the previous year's figure. Overall, exports recorded a noticeable downturn. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, pimenta pepper exports stood at $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Hungary (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of pimenta pepper exports from Serbia, with a combined X% share of total exports. Montenegro, North Macedonia, Croatia, Slovakia, Switzerland, Slovenia, the Netherlands and Austria lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for pimenta pepper exported from Serbia were Germany ($X), Hungary ($X) and Bosnia and Herzegovina ($X), with a combined X% share of total exports. Montenegro, Croatia, Slovakia, North Macedonia, Switzerland, Slovenia, the Netherlands and Austria lagged somewhat behind, together accounting for a further X%.

Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pimenta pepper export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked in 2022 and is likely to continue growth in years to come.

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

Pimenta Pepper Imports

Imports into Serbia

In 2022, after three years of growth, there was significant decline in supplies from abroad of pimenta pepper, when their volume decreased by X% to X tons. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, pimenta pepper imports dropped to $X in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of pimenta pepper to Serbia, with a X% share of total imports. Moreover, pimenta pepper imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Bulgaria (X tons), with a 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: China (X% per year) and Bulgaria (X% per year).

In value terms, Spain ($X) constituted the largest supplier of pimenta pepper to Serbia, comprising X% of total imports. The second position in the ranking was taken by China ($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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hungary (X% per year).

Import Prices by Country

The average pimenta pepper 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 appeared the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain 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 Hungary ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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