Serbia: Market for Salted, Dried or Smoked Meat, and Offal 2024

Market Size for Salted, Dried or Smoked Meat, and Offal in Serbia

In 2022, the Serbian market for salted, dried or smoked meat, and offal increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a abrupt downturn. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Salted, Dried or Smoked Meat, and Offal in Serbia

In value terms, production of salted, dried or smoked meat, and offal surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Salted, Dried or Smoked Meat, and Offal

Exports from Serbia

In 2022, the amount of salted, dried or smoked meat, and offal exported from Serbia surged to X tons, picking up by X% on the previous year. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports of attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of salted, dried or smoked meat, and offal soared to $X in 2022. Over the period under review, exports posted strong growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Montenegro (X tons), Bosnia and Herzegovina (X tons) and North Macedonia (X tons) were the main destinations of exports of salted, dried or smoked meat, and offal from Serbia, with a combined X% share of total exports.

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

In value terms, the largest markets for salted, dried or smoked meat, and offal exported from Serbia were Montenegro ($X), Bosnia and Herzegovina ($X) and North Macedonia ($X), together comprising X% of total exports. Croatia lagged somewhat behind, accounting for a further X%.

Croatia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average export price for salted, dried or smoked meat, and offal amounted to $X per ton, declining by X% against the previous year. Overall, the export price saw a noticeable curtailment. The pace of growth was the most pronounced in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

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 North Macedonia ($X per ton), while the average price for exports to Montenegro ($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 Croatia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Salted, Dried or Smoked Meat, and Offal

Imports into Serbia

In 2022, imports of salted, dried or smoked meat, and offal into Serbia soared to X tons, increasing by X% compared with 2021 figures. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of salted, dried or smoked meat, and offal skyrocketed to $X in 2022. Over the period under review, imports saw a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Montenegro (X tons) constituted the largest supplier of salted, dried or smoked meat, and offal to Serbia, with a X% share of total imports. Moreover, imports of salted, dried or smoked meat, and offal from Montenegro exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by Croatia (X tons), with a X% share.

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

In value terms, Montenegro ($X) constituted the largest supplier of salted, dried or smoked meat, and offal to Serbia, comprising X% of total imports. The second position in the ranking was taken by Croatia ($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 Montenegro totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average import price for salted, dried or smoked meat, and offal amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Italy ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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