Serbia: Vegetable Market 2024

Vegetable Market Size in Serbia

The Serbian vegetable market stood at $X in 2022, picking up by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Vegetable Production in Serbia

In value terms, vegetable production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

The average yield of vegetables in Serbia contracted to X tons per ha in 2022, falling by X% compared with the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2015 when the yield increased by X%. The vegetable yield peaked 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 vegetables were harvested in Serbia; with an increase of X% on the previous year's figure. In general, the harvested area, however, recorded a perceptible reduction. The growth pace was the most rapid in 2019 with an increase of X%. The vegetable harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Vegetable Exports

Exports from Serbia

In 2022, vegetable exports from Serbia reduced to X tons, waning by X% compared with the previous year's figure. Overall, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, vegetable exports reduced dramatically to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2017 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 failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X tons), Montenegro (X tons) and Croatia (X tons) were the main destinations of vegetable exports from Serbia, together comprising X% of total exports. Germany, Bulgaria, North Macedonia, Romania, Russia, Slovenia and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Montenegro ($X) and Germany ($X) were the largest markets for vegetable exported from Serbia worldwide, with a combined X% share of total exports. Russia, Bosnia and Herzegovina, North Macedonia, Romania, Bulgaria, Slovenia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 vegetable export price amounted to $X per ton, which is down 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 2013 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Bulgaria ($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.

Vegetable Imports

Imports into Serbia

In 2022, approx. X tons of vegetables were imported into Serbia; increasing by X% on the previous year's figure. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, vegetable imports skyrocketed to $X in 2022. In general, imports posted strong growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

France (X tons), Albania (X tons) and North Macedonia (X tons) were the main suppliers of vegetable imports to Serbia, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest vegetable suppliers to Serbia were Albania ($X), Spain ($X) and North Macedonia ($X), together accounting for X% of total imports. Italy, Turkey, France, the Netherlands, Greece, Germany and Belarus lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average vegetable import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, import price indicated a tangible expansion 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, vegetable import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain 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 Italy ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform