Price for Cereal Groats; Meal and Pellets in Serbia - 2024
Contents:
- Price for Cereal Groats; Meal and Pellets in Serbia (FOB) - 2024
- Price for Cereal Groats; Meal and Pellets in Serbia (CIF) - 2024
- Exports of Cereal Groats; Meal and Pellets in Serbia
- Imports of Cereal Groats; Meal and Pellets in Serbia
Price for Cereal Groats; Meal and Pellets in Serbia (FOB) - 2024
The average export price for cereal groats; meal and pelletses stood at $371 per ton in September 2023, which is down by -4.3% against the previous month. Over the period under review, the export price recorded a noticeable decline. As a result, the export price reached the peak level of $484 per ton. From March 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Slovenia ($545 per ton), while the average price for exports to Montenegro ($297 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (-0.6%), while the prices for the other major destinations experienced a decline.
Price for Cereal Groats; Meal and Pellets in Serbia (CIF) - 2024
In September 2023, the average import price for cereal groats; meal and pelletses amounted to $591 per ton, growing by 10% against the previous month. Overall, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in May 2023 an increase of 20% month-to-month. As a result, import price attained the peak level of $801 per ton. From June 2023 to September 2023, the average import prices remained 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 Germany ($2,959 per ton), while the price for North Macedonia ($323 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by North Macedonia (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereal Groats; Meal and Pellets in Serbia
Cereal groats; meal and pellets exports from Serbia skyrocketed to 29K tons in 2022, picking up by 21% against the previous year. The total export volume increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereal groats; meal and pellets exports surged to $12M in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereal Groats; Meal and Pellets in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 0.1 | 0.1 | 0.9 | 3.9 | 239.1% |
| Montenegro | 2.1 | 2.3 | 2.8 | 2.3 | 3.1% |
| North Macedonia | 1.1 | 1.1 | 1.9 | 2.3 | 27.9% |
| Bosnia and Herzegovina | 2.0 | 2.0 | 2.0 | 2.2 | 3.2% |
| Slovenia | 0.4 | 0.3 | 0.3 | 0.5 | 7.7% |
| Others | 0.1 | 0.1 | 0.2 | 0.5 | 71.0% |
| Total | 5.8 | 6.1 | 8.1 | 11.7 | 26.4% |
Top Export Markets for Cereal Groats; Meal and Pellets from Serbia in 2022:
- Croatia (10.3K tons)
- Montenegro (6.2K tons)
- North Macedonia (5.3K tons)
- Bosnia and Herzegovina (5.0K tons)
- Slovenia (1.2K tons)
Imports of Cereal Groats; Meal and Pellets in Serbia
In 2022, purchases abroad of cereal groats; meal and pelletses decreased by -19.5% to 3.2K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 20%.
In value terms, cereal groats; meal and pellets imports expanded slightly to $2.5M in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Cereal Groats; Meal and Pellets in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | N/A | 130 | 633 | 1,250 | 210.1% |
| Hungary | 168 | 272 | 704 | 438 | 37.6% |
| Romania | 113 | 174 | 189 | 237 | 28.0% |
| Italy | 922 | 1,057 | 601 | 218 | -38.2% |
| Austria | 1.1 | 3.5 | 167 | 156 | 421.5% |
| Ukraine | N/A | 5.4 | 37.7 | 70.1 | 260.3% |
| Slovenia | 2.7 | 5.4 | 18.4 | 66.2 | 190.5% |
| Others | 67.8 | 72.0 | 74.0 | 87.4 | 8.8% |
| Total | 1,274 | 1,719 | 2,424 | 2,522 | 25.6% |
Top Suppliers of Cereal Groats; Meal and Pellets to Serbia in 2022:
- Greece (1533.7 tons)
- Hungary (602.0 tons)
- Romania (380.7 tons)
- Italy (254.8 tons)
- Austria (195.8 tons)
- Slovenia (129.9 tons)
- Ukraine (75.0 tons)
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