Serbia - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Serbia - 2023
Contents:
- Soups Price in Serbia (FOB) - 2023
- Soups Price in Serbia (CIF) - 2023
- Soups Exports in Serbia
- Soups Imports in Serbia
Soups Price in Serbia (FOB) - 2023
In November 2023, the average soups export price amounted to $3,911 per ton, approximately reflecting the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average export price increased by 6.5% against the previous month. Over the period under review, the average export prices reached the maximum at $4,212 per ton in August 2023; however, from September 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Romania ($5,055 per ton), while the average price for exports to North Macedonia ($3,033 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Equatorial Guinea (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Price in Serbia (CIF) - 2023
In November 2023, the average soups import price amounted to $3,812 per ton, with a decrease of -5.5% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 12% month-to-month. As a result, import price reached the peak level of $4,209 per ton. From October 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Czech Republic ($8,000 per ton), while the price for Spain ($1,421 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Soups Exports in Serbia
In 2022, overseas shipments of soups and broths increased by 4.3% to 2.2K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a dramatic decrease.
In value terms, soups exports rose modestly to $7.8M in 2022. In general, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 3.8%.
| Export of Soups in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 1,748 | 1,814 | 1,959 | 2,033 | 5.2% |
| North Macedonia | 2,212 | 1,857 | 1,760 | 1,576 | -10.7% |
| Croatia | 4,520 | 1,572 | 1,394 | 1,504 | -30.7% |
| Montenegro | 841 | 818 | 842 | 870 | 1.1% |
| Romania | 71.5 | 52.8 | 271 | 421 | 80.6% |
| Slovenia | 146 | 252 | 203 | 341 | 32.7% |
| Hungary | 1.0 | 25.3 | 236 | 259 | 537.4% |
| Bulgaria | 150 | 120 | 216 | 229 | 15.1% |
| Germany | 46.8 | 101 | 175 | 187 | 58.7% |
| United Arab Emirates | 235 | 226 | 167 | 85.0 | -28.8% |
| Others | 381 | 400 | 288 | 271 | -10.7% |
| Total | 10,351 | 7,237 | 7,512 | 7,776 | -9.1% |
Top Export Markets for Soups from Serbia in 2022:
- Bosnia and Herzegovina (547.1 tons)
- North Macedonia (517.6 tons)
- Croatia (444.5 tons)
- Montenegro (221.3 tons)
- Slovenia (97.9 tons)
- Romania (87.9 tons)
- Hungary (80.0 tons)
- Bulgaria (57.4 tons)
- Germany (39.6 tons)
- United Arab Emirates (21.9 tons)
Soups Imports in Serbia
Soups imports into Serbia totaled 1.4K tons in 2022, with an increase of 6.4% on 2021. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 157% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, soups imports rose remarkably to $5M in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 112%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Soups in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Croatia | 1,096 | 2,652 | 3,660 | 3,856 | 52.1% |
| Czech Republic | 192 | 208 | 288 | 374 | 24.9% |
| Slovakia | 0.2 | 25.4 | 31.0 | 313 | 1061.0% |
| Italy | 20.4 | 14.9 | 180 | 176 | 105.1% |
| Poland | 0.1 | N/A | 92.5 | 134 | 1002.5% |
| Germany | 22.2 | 48.5 | 135 | 68.7 | 45.7% |
| Others | 94.8 | 77.2 | 105 | 86.2 | -3.1% |
| Total | 1,426 | 3,026 | 4,491 | 5,008 | 52.0% |
Top Suppliers of Soups to Serbia in 2022:
- Croatia (1044.9 tons)
- Slovakia (108.4 tons)
- Czech Republic (76.9 tons)
- Italy (63.6 tons)
- Poland (39.2 tons)
- Germany (24.4 tons)
This report provides an in-depth analysis of the soups market 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 10891100 - Soups and broths and preparations therefor
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
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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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