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Serbia - Cocoa Powder (Containing Added Sugar) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cocoa Powder with Sugar in Serbia - 2023
Contents:
- Price for Cocoa Powder with Sugar in Serbia (CIF) - 2022
- Price for Cocoa Powder with Sugar in Serbia (FOB) - 2022
- Imports of Cocoa Powder with Sugar in Serbia
- Exports of Cocoa Powder with Sugar in Serbia
Price for Cocoa Powder with Sugar in Serbia (CIF) - 2022
The average cocoa powder with sugar import price stood at $3,941 per ton in 2022, rising by 11% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cocoa powder with sugar import price decreased by -28.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 45%. As a result, import price reached the peak level of $5,521 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($8,000 per ton), while the price for Austria ($3,201 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cocoa Powder with Sugar in Serbia (FOB) - 2022
The average cocoa powder with sugar export price stood at $3,600 per ton in 2022, surging by 13% against the previous year. Over the period under review, the export price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 42%. The export price peaked at $4,277 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($4,414 per ton), while the average price for exports to Hungary ($2,650 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 Austria (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa Powder with Sugar in Serbia
In 2022, imports of cocoa powder (containing added sugar) into Serbia fell remarkably to 44 tons, shrinking by -34.9% compared with 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 84%. As a result, imports reached the peak of 68 tons, and then dropped rapidly in the following year.
In value terms, cocoa powder with sugar imports reduced sharply to $174K in 2022. In general, imports recorded a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 48%.
Import of Cocoa Powder with Sugar in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 137 | 64.1 | 173 | 126 | -2.8% |
Italy | 18.4 | 18.5 | 10.4 | 27.4 | 14.2% |
Austria | N/A | 4.8 | 1.3 | 11.0 | 51.4% |
Croatia | 10.7 | 8.7 | 5.6 | 5.0 | -22.4% |
Bosnia and Herzegovina | 32.2 | 57.9 | 38.1 | N/A | 8.8% |
Others | 49.2 | 8.8 | 12.4 | 5.4 | -52.1% |
Total | 247 | 163 | 241 | 174 | -11.0% |
Top Suppliers of Cocoa Powder with Sugar to Serbia in 2022:
- Germany (34.7 tons)
- Italy (4.9 tons)
- Austria (3.4 tons)
- Croatia (0.7 tons)
Exports of Cocoa Powder with Sugar in Serbia
In 2022, overseas shipments of cocoa powder (containing added sugar) decreased by -16.8% to 8.1 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a significant decrease. The pace of growth was the most pronounced in 2020 when exports increased by 2.8%. As a result, the exports reached the peak of 104 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, cocoa powder with sugar exports fell to $29K in 2022. In general, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 2.6%. As a result, the exports attained the peak of $234K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Cocoa Powder with Sugar in Serbia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Montenegro | 50.0 | 33.6 | 5.3 | 12.4 | -37.2% |
Austria | N/A | N/A | N/A | 7.4 | 0% |
Bosnia and Herzegovina | 64.8 | 84.9 | 22.3 | 6.0 | -54.8% |
Hungary | N/A | N/A | N/A | 3.5 | 0% |
Croatia | 19.1 | N/A | N/A | N/A | 0% |
North Macedonia | 93.0 | 94.3 | N/A | N/A | 1.4% |
Others | 0.7 | 20.9 | 3.5 | N/A | 123.6% |
Total | 228 | 234 | 31.0 | 29.2 | -49.6% |
Top Export Markets for Cocoa Powder with Sugar from Serbia in 2022:
- Montenegro (2.9 tons)
- Austria (2.5 tons)
- Bosnia and Herzegovina (1.4 tons)
- Hungary (1.3 tons)
This report provides an in-depth analysis of the market for cocoa powder with sugar 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:
- Prodcom 10821400 - Cocoa powder, containing added sugar or other sweetening matter
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
- 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 VOLUME AND VALUE
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
- 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
- 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
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