Serbia: Chili And Pepper Market 2024

Chili And Pepper Market Size in Serbia

The Serbian chili and pepper market rose remarkably to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption enjoyed prominent growth. Chili and pepper consumption peaked at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Chili And Pepper Production in Serbia

In value terms, chili and pepper production expanded rapidly to $X in 2023 estimated in export price. In general, production showed strong growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Chili and pepper production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

The average yield of chilies and peppers (green) in Serbia was estimated at X tons per ha in 2023, remaining constant against the year before. In general, the yield indicated resilient growth from 2012 to 2023: its figure increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, chili and pepper yield decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the yield increased by X% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2022 to 2023, the growth of the average chili and pepper yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2023, the harvested area of chilies and peppers (green) in Serbia reached X ha, remaining relatively unchanged against the year before. Over the period under review, the harvested area, however, saw a slight curtailment. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the harvested area dedicated to chili and pepper production reached the maximum at X ha in 2017; however, from 2018 to 2023, the harvested area stood at a somewhat lower figure.

Chili And Pepper Exports

Exports from Serbia

For the third consecutive year, Serbia recorded decline in shipments abroad of chilies and peppers (green), which decreased by X% to X tons in 2023. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, chili and pepper exports declined to $X in 2023. Over the period under review, exports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X tons), Croatia (X tons) and Slovakia (X tons) were the main destinations of chili and pepper exports from Serbia, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), Croatia ($X) and Germany ($X) were the largest markets for chili and pepper exported from Serbia worldwide, with a combined X% share of total exports. Slovakia, Slovenia, Montenegro, Austria and the Czech Republic lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 chili and pepper export price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, export price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, chili and pepper export price increased by X% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Chili And Pepper Imports

Imports into Serbia

Chili and pepper imports into Serbia surged to X tons in 2023, with an increase of X% on the previous year. Overall, imports recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the near future.

In value terms, chili and pepper imports skyrocketed to $X in 2023. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in years to come.

Imports by Country

In 2023, North Macedonia (X tons) constituted the largest chili and pepper supplier to Serbia, accounting for a X% share of total imports. Moreover, chili and pepper imports from North Macedonia exceeded the figures recorded by the second-largest supplier, Albania (X tons), twofold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from North Macedonia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Albania (X% per year) and Turkey (X% per year).

In value terms, the largest chili and pepper suppliers to Serbia were North Macedonia ($X), Greece ($X) and Albania ($X), together comprising X% of total imports.

In terms of the main suppliers, Albania, 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

The average chili and pepper import price stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, chili and pepper import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. The import price peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Albania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform