Cereals; Rye, Seed Price in Serbia - 2023

Contents:

  1. Cereals; Rye, Seed Price in Serbia (CIF) - 2022
  2. Cereals; Rye, Seed Price in Serbia (FOB) - 2022
  3. Cereals; Rye, Seed Imports in Serbia
  4. Cereals; Rye, Seed Exports in Serbia

Cereals; Rye, Seed Price in Serbia (CIF) - 2022

The average cereals; rye, seed import price stood at $1,657 per ton in 2022, surging by 9% against the previous year. Over the period under review, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cereals; rye, seed import price increased by +30.2% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 38% against the previous year. As a result, import price reached the peak level of $1,758 per ton. From 2014 to 2022, the average import prices remained at a 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 Germany ($1,657 per ton), while the price for Austria amounted to $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Cereals; Rye, Seed Price in Serbia (FOB) - 2022

The average cereals; rye, seed export price stood at $477 per ton in 2022, picking up by 19% against the previous year. Overall, the export price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2020 an increase of 100%. The export price peaked at $655 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Montenegro ($680 per ton), while the average price for exports to Hungary ($329 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 Bosnia and Herzegovina (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Cereals; Rye, Seed Imports in Serbia

Cereals; rye, seed imports into Serbia skyrocketed to 458 tons in 2022, picking up by 60% against 2021. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 107%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cereals; rye, seed imports skyrocketed to $759K in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 91%. Imports peaked in 2022 and are likely to continue growth in years to come.

Import of Cereals; Rye, Seed in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany87.815921837962.8%
AustriaN/A43.0N/AN/A0%
Poland49.961.5N/AN/A23.2%
Others13826421837940.0%
Total27652743575940.1%

Top Suppliers of Cereals; Rye, Seed to Serbia in 2022:

  1. Germany (228.9 tons)

Cereals; Rye, Seed Exports in Serbia

In 2022, the amount of cereals; rye, seeds exported from Serbia surged to 68 tons, rising by 133% against 2021. In general, exports, however, continue to indicate a noticeable shrinkage.

In value terms, cereals; rye, seed exports surged to $32K in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Cereals; Rye, Seed in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bosnia and HerzegovinaN/A6.89.515.852.4%
Hungary13.0N/AN/A12.4-1.6%
MontenegroN/A0.52.14.1186.4%
OthersN/AN/AN/AN/A0%
Total13.07.311.632.235.3%

Top Export Markets for Cereals; Rye, Seed from Serbia in 2022:

  1. Hungary (37.6 tons)
  2. Bosnia and Herzegovina (24.0 tons)
  3. Montenegro (6.0 tons)

Source: IndexBox Market Intelligence Platform

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