Price for Flour, Meal, and Flakes of Potatoes in Serbia - 2023

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in Serbia (CIF) - 2023
2. Price for Flour, Meal, and Flakes of Potatoes in Serbia (FOB) - 2022
3. Imports of Flour, Meal, and Flakes of Potatoes in Serbia
4. Exports of Flour, Meal, and Flakes of Potatoes in Serbia

Price for Flour, Meal, and Flakes of Potatoes in Serbia (CIF) - 2023

In September 2023, the average import price for flour, meal, and flakes of potatoeses amounted to $2,089 per ton, growing by 13% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $2,093 per ton in January 2023; afterwards, it flattened through to September 2023.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($2,187 per ton), while the price for Russia totaled $1,685 per ton.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belarus (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in Serbia (FOB) - 2022

The average export price for flour, meal, and flakes of potatoeses stood at $2,450 per ton in 2022, shrinking by -5.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 34%. Over the period under review, the average export prices reached the maximum at $2,690 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($3,105 per ton), while the average price for exports to Montenegro ($2,227 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 Bosnia and Herzegovina (+1.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flour, Meal, and Flakes of Potatoes in Serbia

In 2022, after two years of decline, there was significant growth in purchases abroad of flour, meal, and flakes of potatoeses, when their volume increased by 35% to 1.6K tons. The total import volume increased at an average annual rate of +2.0% over the period 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, imports of flour, meal, and flakes of potatoeses skyrocketed to $2.5M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.0% 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 Flour, Meal, and Flakes of Potatoes to Serbia in 2022:

1. Germany (995.4 tons)
2. Netherlands (242.2 tons)
3. Slovenia (122.4 tons)
4. Belgium (109.0 tons)
5. Poland (66.5 tons)
6. Belarus (25.4 tons)
7. Russia (20.0 tons)

Exports of Flour, Meal, and Flakes of Potatoes in Serbia

In 2022, approx. 173 tons of flour, meal, and flakes of potatoeses were exported from Serbia; surging by 5.2% on the year before. Over the period under review, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 34% against the previous year.

In value terms, exports of flour, meal, and flakes of potatoeses reduced to $424K in 2022. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 when exports increased by 29% against the previous year.

Top Export Markets for Flour, Meal, and Flakes of Potatoes from Serbia in 2022:

1. Montenegro (97.5 tons)
2. Bosnia and Herzegovina (54.4 tons)
3. North Macedonia (18.1 tons)

Source: IndexBox Market Intelligence Platform