Onion Price in Serbia - 2024
Contents:
- Onion Price in Serbia (FOB) - 2024
- Onion Price in Serbia (CIF) - 2022
- Onion Exports in Serbia
- Onion Imports in Serbia
Onion Price in Serbia (FOB) - 2024
In April 2024, the average onion export price amounted to $447 per ton, with a decrease of -3.6% against the previous month. In general, the export price continues to indicate a noticeable slump. The pace of growth was the most pronounced in January 2024 an increase of 18% month-to-month. The export price peaked at $722 per ton in April 2023; however, from May 2023 to April 2024, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Montenegro ($565 per ton), while the average price for exports to Albania ($364 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+6.8%), while the prices for the other major destinations experienced a decline.
Onion Price in Serbia (CIF) - 2022
The average onion import price stood at $589 per ton in 2022, rising by 3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the maximum at $632 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($652 per ton), while the price for Austria ($299 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Onion Exports in Serbia
In 2022, after two years of decline, there was significant growth in shipments abroad of onions (dry), when their volume increased by 67% to 26K tons. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +5.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, onion exports soared to $7.2M in 2022. Over the period under review, exports showed notable growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Onion in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 1,016 | 951 | 1,133 | 1,493 | 13.7% |
| Romania | 796 | 350 | 188 | 1,186 | 14.2% |
| Montenegro | 991 | 675 | 789 | 1,085 | 3.1% |
| Bulgaria | 436 | 397 | 175 | 1,039 | 33.6% |
| Croatia | 303 | 123 | 417 | 650 | 29.0% |
| Albania | 1,548 | 479 | 334 | 572 | -28.2% |
| Bosnia and Herzegovina | 710 | 240 | 506 | 518 | -10.0% |
| Others | 867 | 411 | 272 | 693 | -7.2% |
| Total | 6,667 | 3,627 | 3,814 | 7,236 | 2.8% |
Top Export Markets for Onion from Serbia in 2022:
- Bulgaria (6.4K tons)
- North Macedonia (4.9K tons)
- Romania (3.4K tons)
- Montenegro (3.0K tons)
- Bosnia and Herzegovina (2.3K tons)
- Albania (2.2K tons)
- Croatia (1.7K tons)
Onion Imports in Serbia
In 2022, approx. 7.7K tons of onions (dry) were imported into Serbia; shrinking by -28.5% against the previous year. Over the period under review, imports recorded a precipitous setback. The smallest decline of -9.6% was in 2021.
In value terms, onion imports fell significantly to $4.5M in 2022. In general, imports saw a abrupt decline. The smallest decline of -3.5% was in 2021.
| Import of Onion in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3,800 | 4,532 | 4,730 | 3,658 | -1.3% |
| North Macedonia | 707 | 252 | 591 | 290 | -25.7% |
| Poland | 270 | 444 | 20.3 | 182 | -12.3% |
| Germany | 15.1 | 176 | 55.7 | 128 | 103.9% |
| Albania | 346 | 86.7 | 90.2 | 19.5 | -61.7% |
| Egypt | 378 | 77.9 | 34.4 | 9.1 | -71.1% |
| Russia | 2,585 | 82.8 | N/A | N/A | -96.8% |
| Others | 603 | 689 | 596 | 226 | -27.9% |
| Total | 8,703 | 6,340 | 6,117 | 4,513 | -19.7% |
Top Suppliers of Onion to Serbia in 2022:
- Netherlands (5.9K tons)
- North Macedonia (0.9K tons)
- Poland (0.3K tons)
- Germany (0.3K tons)
- Albania (0.1K tons)
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