Serbia - Butter And Dairy Spreads - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Butter and Dairy Spreads in Serbia - 2023
Contents:
- Price for Butter and Dairy Spreads in Serbia (CIF) - 2023
- Price for Butter and Dairy Spreads in Serbia (FOB) - 2023
- Imports of Butter and Dairy Spreads in Serbia
- Exports of Butter and Dairy Spreads in Serbia
Price for Butter and Dairy Spreads in Serbia (CIF) - 2023
In November 2023, the average butter and dairy spreads import price amounted to $5,538 per ton, approximately reflecting the previous month. Overall, the import price saw a slight descent. The pace of growth was the most pronounced in August 2023 when the average import price increased by 4.1% m-o-m. The import price peaked at $7,130 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were France ($7,398 per ton) and Bosnia and Herzegovina ($6,907 per ton), while the price for Poland ($4,937 per ton) and Belarus ($4,997 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by France (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Butter and Dairy Spreads in Serbia (FOB) - 2023
In November 2023, the average butter and dairy spreads export price amounted to $6,019 per ton, with an increase of 8.3% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices reached the peak figure at $6,997 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Montenegro ($7,555 per ton), while the average price for exports to Switzerland ($3,778 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 North Macedonia (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Butter and Dairy Spreads in Serbia
Butter and dairy spreads imports into Serbia soared to 4K tons in 2022, rising by 32% on 2021. The total import volume increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, butter and dairy spreads imports soared to $25M in 2022. Overall, imports enjoyed a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Butter and Dairy Spreads in Serbia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 9.2 | 3.9 | 7.5 | 7.8 | -5.4% |
Belarus | 0.6 | 1.5 | 0.5 | 5.0 | 102.7% |
Germany | 2.3 | 2.6 | 3.3 | 5.0 | 29.5% |
Turkey | N/A | N/A | N/A | 2.9 | 0% |
France | 1.6 | 1.9 | 2.1 | 1.6 | 0.0% |
Netherlands | 0.3 | 0.4 | 0.4 | 0.9 | 44.2% |
Czech Republic | 0.1 | N/A | N/A | 0.6 | 81.7% |
Hungary | 0.5 | 0.3 | N/A | 0.2 | -26.3% |
Romania | N/A | 0.4 | 0.5 | 0.1 | -50.0% |
Others | 0.9 | 1.4 | 0.6 | 0.7 | -8.0% |
Total | 15.4 | 12.4 | 14.9 | 24.8 | 17.2% |
Top Suppliers of Butter and Dairy Spreads to Serbia in 2022:
- Poland (1372.7 tons)
- Belarus (800.0 tons)
- Germany (696.5 tons)
- Turkey (510.9 tons)
- France (234.7 tons)
- Czech Republic (115.0 tons)
- Netherlands (107.3 tons)
- Romania (24.4 tons)
- Hungary (23.6 tons)
Exports of Butter and Dairy Spreads in Serbia
In 2022, butter and dairy spreads exports from Serbia dropped to 1.1K tons, with a decrease of -4.2% compared with 2021. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of 1.2K tons, and then dropped slightly in the following year.
In value terms, butter and dairy spreads exports rose remarkably to $5.8M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 33%. The exports peaked in 2022 and are likely to see steady growth in years to come.
Export of Butter and Dairy Spreads in Serbia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Montenegro | 2.3 | 1.8 | 2.5 | 3.2 | 11.6% |
Bosnia and Herzegovina | 1.1 | 1.1 | 1.3 | 1.4 | 8.4% |
North Macedonia | 0.5 | 0.5 | 0.6 | 0.8 | 17.0% |
Croatia | 0.1 | 0.3 | 0.3 | 0.2 | 26.0% |
Others | 0.1 | 0.2 | 0.4 | 0.2 | 26.0% |
Total | 4.1 | 3.9 | 5.1 | 5.8 | 12.3% |
Top Export Markets for Butter and Dairy Spreads from Serbia in 2022:
- Montenegro (499.0 tons)
- Bosnia and Herzegovina (323.1 tons)
- North Macedonia (193.3 tons)
- Croatia (53.3 tons)
This report provides an in-depth analysis of the market for butter and dairy spreads 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:
- FCL 983 - Butter and Ghee of Sheep Milk
- FCL 1022 - Butter of Goat Milk
- FCL 952 - Butter of Buffalo Milk
- FCL 886 - Butter of Cow Milk
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
-
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
- COUNTRIES WITH TOP YIELDS
- 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, PRODUCING ANIMALS AND YIELD
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
- Yield 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
- Producing Animals Slaughtered, 2012–2023
- Yield, 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
This report provides an in-depth analysis of the market for butter and dairy spreads in Serbia.
This report provides an in-depth analysis of the butter and ghee market in Serbia.
This report provides an in-depth analysis of the ghee market in Serbia.
This report provides an in-depth analysis of the butter market in Serbia.
This report provides an in-depth analysis of the dairy produce market in Serbia.
This report provides an in-depth analysis of the dairy spread market in Serbia.
This report provides an in-depth analysis of the global market for butter and dairy spreads.
This report provides an in-depth analysis of the global butter and ghee market.
This report provides an in-depth analysis of the global ghee market.
This report provides an in-depth analysis of the global butter market.
Discover the top 10 countries leading the import market for butter and dairy spreads globally. Explore key statistics and insights from IndexBox platform.
Global butter and ghee consumption amounted to X thousand tons in 2015, remaining constant against the previous year level.
Global butter and ghee exports amounted to X thousand tons in 2015, coming down by -X% against the previous year level.
Global butter and ghee imports amounted to X thousand tons in 2015, descending by -X% against the previous year level.
In 2015, the countries with the highest levels of butter and ghee production were Turkey (X thousand tons), Iran (X thousand tons), Syria (X thousand tons), together accounting for X% of total output.
The global butter and ghee market fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015.
The market of butter and ghee fluctuated wildly, finally rising from X billion USD in 2007 to X billion USD in 2015. Over the last year, the market dropped by X% in value terms.
New Zealand seized control of the butter and ghee market. In 2014, New Zealand exported X thousand tons of butter and ghee totaling X USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total but
New Zealand continued its dominance in the global ghee trade. In 2014, New Zealand exported X thousand tons of ghee totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total ghee
Explore the top import markets for butter in the world based on data from IndexBox platform. Learn about the countries importing the most butter and the trends driving global butter trade.