Serbia: Egg Product Market 2024

Egg Product Market Size in Serbia

In 2022, the Serbian egg product market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Egg product consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Egg Product Production in Serbia

In value terms, egg product production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Egg Product Exports

Exports from Serbia

In 2022, exports of egg products from Serbia rose to X tons, surging by X% compared with the year before. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, egg product exports soared to $X in 2022. Overall, exports showed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for egg product exports from Serbia, accounting for a X% share of total exports. Moreover, egg product exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, North Macedonia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Slovenia (X% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for egg products exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by North Macedonia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: North Macedonia (X% per year) and Slovenia (X% per year).

Export Prices by Country

In 2022, the average egg product export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, export price indicated modest 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, egg product export price increased by X% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per ton), while the average price for exports to Slovenia ($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 North Macedonia (X%).

Egg Product Imports

Imports into Serbia

In 2022, supplies from abroad of egg products decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, egg product imports rose remarkably to $X in 2022. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), France (X tons) and Croatia (X tons) were the main suppliers of egg product imports to Serbia, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), France ($X) and Croatia ($X) were the largest egg product suppliers to Serbia, with a combined X% share of total imports.

Croatia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average egg product import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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