Price for Cereal Grains; Rolled or Flaked, of Oats in Serbia - 2024

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Oats in Serbia (CIF) - 2024
2. Price for Cereal Grains; Rolled or Flaked, of Oats in Serbia (FOB) - 2022
3. Imports of Cereal Grains; Rolled or Flaked, of Oats in Serbia
4. Exports of Cereal Grains; Rolled or Flaked, of Oats in Serbia

Price for Cereal Grains; Rolled or Flaked, of Oats in Serbia (CIF) - 2024

In September 2023, the average import price for cereal grains; rolled or flaked, of oatses amounted to $953 per ton, therefore, remained relatively stable against the previous month. In general, the import price recorded a mild shrinkage. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 6.7% month-to-month. The import price peaked at $1,036 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Latvia ($1,364 per ton), while the price for Croatia ($817 per ton) was amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Latvia (+0.4%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Grains; Rolled or Flaked, of Oats in Serbia (FOB) - 2022

The average export price for cereal grains; rolled or flaked, of oatses stood at $1,017 per ton in 2022, picking up by 2% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices attained the maximum at $1,450 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($1,269 per ton), while the average price for exports to Germany ($590 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 North Macedonia (+3.5%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Grains; Rolled or Flaked, of Oats in Serbia

For the fourth year in a row, Serbia recorded growth in supplies from abroad of cereal grains; rolled or flaked, of oatses, which increased by 38% to 2.4K tons in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of cereal grains; rolled or flaked, of oatses surged to $2.1M in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 70%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Oats to Serbia in 2022:

1. Czech Republic (1301.1 tons)
2. Germany (688.6 tons)
3. Croatia (149.2 tons)
4. Latvia (128.8 tons)
5. United Kingdom (93.0 tons)
6. Russia (58.1 tons)

Exports of Cereal Grains; Rolled or Flaked, of Oats in Serbia

For the fourth consecutive year, Serbia recorded growth in shipments abroad of cereal grains; rolled or flaked, of oatses, which increased by 46% to 85 tons in 2022. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 225%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of cereal grains; rolled or flaked, of oatses surged to $86K in 2022. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 159%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Oats from Serbia in 2022:

1. Montenegro (67.3 tons)
2. Bosnia and Herzegovina (10.6 tons)
3. Germany (6.2 tons)

Source: IndexBox Market Intelligence Platform