Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Serbia - 2023

Contents:

1. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Serbia (CIF) - 2022
2. Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Serbia (FOB) - 2022
3. Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Serbia
4. Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Serbia

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Serbia (CIF) - 2022

The average import price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) stood at $700 per ton in 2022, increasing by 34% against the previous year. Over the period under review, the import price posted notable growth. The growth pace was the most rapid in 2017 when the average import price increased by 919% against the previous year. As a result, import price reached the peak level of $1,753 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -1.9% per year.

Price for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Serbia (FOB) - 2022

In 2022, the average export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) amounted to $270 per ton, surging by 18% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) increased by +88.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 30% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($272 per ton), while the average price for exports to Albania amounted to $252 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Serbia

In 2022, the amount of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) imported into Serbia surged to 352 tons, growing by 27% compared with the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, imports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) soared to $246K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) to Serbia in 2022:

1. Italy (346.0 tons)
2. Russia (1.3 tons)

Exports of Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) in Serbia

Exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) from Serbia reduced sharply to 575 tons in 2022, falling by -37.4% compared with 2021. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of 918 tons, and then declined rapidly in the following year.

In value terms, exports of cereal grains; worked (eg hulled, pearled, sliced or kibbled) of maize (corn) contracted dramatically to $155K in 2022. In general, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 84%. As a result, the exports attained the peak of $210K, and then shrank dramatically in the following year.

Top Export Markets for Cereal Grains; Worked (Eg Hulled, Pearled, Sliced or Kibbled) of Maize (Corn) from Serbia in 2022:

1. Montenegro (524.7 tons)
2. Albania (50.0 tons)

Source: IndexBox Market Intelligence Platform