Price for Protein; Concentrates and Textured Protein Substances in Serbia - 2024

Contents:

1. Price for Protein; Concentrates and Textured Protein Substances in Serbia (FOB) - 2024
2. Price for Protein; Concentrates and Textured Protein Substances in Serbia (CIF) - 2024
3. Exports of Protein; Concentrates and Textured Protein Substances in Serbia
4. Imports of Protein; Concentrates and Textured Protein Substances in Serbia

Price for Protein; Concentrates and Textured Protein Substances in Serbia (FOB) - 2024

The average export price for protein; concentrates and textured protein substanceses stood at $1,568 per ton in April 2024, falling by -2.9% against the previous month. Overall, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 23% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,919 per ton in April 2023; however, from May 2023 to April 2024, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In April 2024, the country with the highest price was the UK ($1,846 per ton), while the average price for exports to South Korea ($972 per ton) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Protein; Concentrates and Textured Protein Substances in Serbia (CIF) - 2024

In April 2024, the average import price for protein; concentrates and textured protein substanceses amounted to $6,662 per ton, growing by 76% against the previous month. In general, the import price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in February 2024 when the average import price increased by 84% against the previous month. The import price peaked at $10,870 per ton in April 2023; however, from May 2023 to April 2024, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In April 2024, the country with the highest price was Italy ($27,899 per ton), while the price for Germany ($1,527 per ton) was amongst the lowest.

From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Italy (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Protein; Concentrates and Textured Protein Substances in Serbia

In 2022, approx. 51K tons of protein; concentrates and textured protein substanceses were exported from Serbia; with an increase of 6.7% against 2021. The total export volume increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 28% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of protein; concentrates and textured protein substanceses soared to $84M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.5% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 33%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Protein; Concentrates and Textured Protein Substances from Serbia in 2022:

1. Netherlands (11.8K tons)
2. France (4.7K tons)
3. United States (3.2K tons)
4. Greece (3.0K tons)
5. Spain (3.0K tons)
6. United Kingdom (2.6K tons)
7. Poland (2.2K tons)
8. Romania (2.0K tons)
9. Italy (2.0K tons)
10. Germany (1.7K tons)
11. Bulgaria (1.6K tons)
12. Czech Republic (1.5K tons)
13. Slovenia (1.5K tons)

Imports of Protein; Concentrates and Textured Protein Substances in Serbia

In 2022, overseas purchases of protein; concentrates and textured protein substanceses decreased by -31.8% to 492 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 15% against the previous year.

In value terms, imports of protein; concentrates and textured protein substanceses fell to $3.9M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 32%.

Top Suppliers of Protein; Concentrates and Textured Protein Substances to Serbia in 2022:

1. China (150.4 tons)
2. Slovenia (89.9 tons)
3. Italy (46.3 tons)
4. Hungary (45.1 tons)
5. Belgium (44.5 tons)
6. Brazil (34.3 tons)
7. Thailand (11.9 tons)
8. Slovakia (8.9 tons)
9. Romania (5.5 tons)
10. Bulgaria (2.6 tons)
11. Greece (0.3 tons)

Source: IndexBox Market Intelligence Platform