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Serbia - Animal And Pet Feed - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAnimal Feed Price in Serbia - 2023
Contents:
- Animal Feed Price in Serbia (FOB) - 2023
- Animal Feed Price in Serbia (CIF) - 2023
- Animal Feed Exports in Serbia
- Animal Feed Imports in Serbia
Animal Feed Price in Serbia (FOB) - 2023
In November 2023, the average animal feed export price amounted to $463 per ton, with an increase of 3.1% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 6.9% m-o-m. The export price peaked at $577 per ton in March 2023; however, from April 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Hungary ($1,133 per ton), while the average price for exports to Montenegro ($327 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
Animal Feed Price in Serbia (CIF) - 2023
The average animal feed import price stood at $1,463 per ton in November 2023, which is down by -8.2% against the previous month. In general, the import price recorded a slight descent. The pace of growth was the most pronounced in May 2023 an increase of 15% against the previous month. The import price peaked at $1,851 per ton in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Italy ($2,143 per ton), while the price for Russia ($197 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Hungary (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Animal Feed Exports in Serbia
Animal feed exports from Serbia expanded markedly to 191K tons in 2022, surging by 9.8% compared with the previous year's figure. Overall, exports, however, continue to indicate a perceptible downturn.
In value terms, animal feed exports amounted to $100M in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Animal Feed in Serbia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bosnia and Herzegovina | 35.3 | 34.3 | 31.0 | 33.6 | -1.6% |
Montenegro | 10.7 | 12.5 | 16.0 | 18.1 | 19.2% |
Croatia | 4.4 | 4.5 | 4.6 | 10.3 | 32.8% |
North Macedonia | 3.2 | 5.3 | 7.3 | 7.6 | 33.4% |
Albania | 1.8 | 2.3 | 3.9 | 6.6 | 54.2% |
Bulgaria | 1.8 | 1.8 | 2.5 | 2.9 | 17.2% |
Italy | 3.8 | 2.9 | 3.0 | 2.7 | -10.8% |
Greece | 0.1 | 0.1 | 1.2 | 2.2 | 180.2% |
Others | 26.5 | 25.0 | 17.8 | 16.0 | -15.5% |
Total | 87.6 | 88.9 | 87.3 | 100 | 4.5% |
Top Export Markets for Animal Feed from Serbia in 2022:
- Bosnia and Herzegovina (75.8K tons)
- Montenegro (44.6K tons)
- Croatia (21.2K tons)
- North Macedonia (15.4K tons)
- Albania (12.1K tons)
- Bulgaria (6.3K tons)
- Greece (3.0K tons)
- Italy (1.8K tons)
Animal Feed Imports in Serbia
In 2022, purchases abroad of animal and pet feed decreased by -15.4% to 23K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 3.8% against the previous year. As a result, imports attained the peak of 27K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, animal feed imports expanded to $35M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 15% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Animal Feed in Serbia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Hungary | 3.2 | 4.6 | 5.5 | 6.3 | 25.3% |
Italy | 3.9 | 3.9 | 5.2 | 6.0 | 15.4% |
Germany | 3.1 | 4.0 | 3.6 | 3.2 | 1.1% |
Netherlands | 1.7 | 2.7 | 3.0 | 3.0 | 20.8% |
Austria | 1.8 | 1.8 | 1.9 | 2.7 | 14.5% |
Denmark | 1.5 | 2.1 | 2.5 | 1.9 | 8.2% |
France | 2.6 | 2.6 | 1.7 | 1.9 | -9.9% |
Spain | 0.8 | 0.8 | 1.5 | 1.8 | 31.0% |
Croatia | 1.0 | 1.2 | 1.9 | 1.7 | 19.3% |
Belgium | 1.5 | 1.5 | 1.8 | 1.4 | -2.3% |
Russia | 1.9 | 1.4 | 1.5 | 1.1 | -16.7% |
Romania | 2.4 | 2.8 | 1.8 | 1.0 | -25.3% |
Czech Republic | 0.6 | 0.5 | 0.4 | 1.0 | 18.6% |
Others | 1.9 | 2.3 | 2.2 | 2.3 | 6.6% |
Total | 27.8 | 32.1 | 34.5 | 35.1 | 8.1% |
Top Suppliers of Animal Feed to Serbia in 2022:
- Hungary (4.3K tons)
- Russia (2.9K tons)
- Italy (2.5K tons)
- Germany (2.1K tons)
- Austria (1.9K tons)
- Netherlands (1.8K tons)
- Denmark (1.3K tons)
- Croatia (1.2K tons)
- France (1.0K tons)
- Spain (0.9K tons)
- Belgium (0.7K tons)
- Czech Republic (0.6K tons)
- Romania (0.3K tons)
This report provides an in-depth analysis of the animal feed market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10911010 - Premixtures for farm animal feeds
- Prodcom 10911033 - Preparations used for farm animal feeding (excluding premixtures): pigs
- Prodcom 10911035 - Preparations used for farm animal feeding (excluding premixtures): cattle
- Prodcom 10911037 - Preparations used for farm animal feeding (excluding premixtures): poultry
- Prodcom 10921060 - Preparations used for feeding pets (excluding preparations for cats or dogs, p.r.s.)
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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