Serbia: Banana And Plantain Market 2024

Banana And Plantain Market Size in Serbia

In 2022, the Serbian banana and plantain market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2012 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted in the following year.

Banana And Plantain Exports

Exports from Serbia

In 2022, approx. X tons of bananas and plantains were exported from Serbia; which is down by X% compared with 2021 figures. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, banana and plantain exports declined significantly to $X in 2022. In general, exports saw a pronounced setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Bosnia and Herzegovina (X tons), North Macedonia (X tons) and Montenegro (X tons) were the main destinations of banana and plantain exports from Serbia, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for banana and plantain exported from Serbia were Bosnia and Herzegovina ($X), North Macedonia ($X) and Slovenia ($X), with a combined X% share of total exports.

Among the main countries of destination, Bosnia and Herzegovina, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average banana and plantain export price amounted to $X per ton, with an increase of X% against the previous year. In general, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, banana and plantain export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Montenegro ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Banana And Plantain Imports

Imports into Serbia

In 2022, overseas purchases of bananas and plantains decreased by X% to X tons, falling for the second year in a row after six years of growth. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, banana and plantain imports shrank to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Ecuador (X tons) constituted the largest banana and plantain supplier to Serbia, with a X% share of total imports. Moreover, banana and plantain imports from Ecuador exceeded the figures recorded by the second-largest supplier, Colombia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume from Ecuador totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Costa Rica (X% per year).

In value terms, Ecuador ($X) constituted the largest supplier of bananas and plantains to Serbia, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ecuador totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Costa Rica (X% per year).

Import Prices by Country

The average banana and plantain import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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