Serbia: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Serbia

In 2022, the Serbian market for malt extract and food preparations of flour, meal, and starches increased by X% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption continues to indicate buoyant growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Serbia

Exports of malt extract and food preparations of flour, meal, and starches from Serbia fell sharply to X tons in 2022, waning by X% against 2021. In general, exports recorded a mild reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of malt extract and food preparations of flour, meal, and starches shrank to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Montenegro (X tons), Bosnia and Herzegovina (X tons) and Croatia (X tons) were the main destinations of exports of malt extract and food preparations of flour, meal, and starches from Serbia, together accounting for X% of total exports. Bulgaria, France, Austria, North Macedonia, Italy, Germany, Albania and Russia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for malt extract and food preparations of flour, meal, and starch exported from Serbia were Montenegro ($X), Bosnia and Herzegovina ($X) and Croatia ($X), with a combined X% share of total exports. France, Bulgaria, Austria, Italy, Germany, North Macedonia, Albania and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Bulgaria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated a modest expansion 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, export price for malt extract and food preparations of flour, meal, and starches increased by X% against 2019 indices. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Croatia ($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 Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Serbia

For the third year in a row, Serbia recorded growth in supplies from abroad of malt extract and food preparations of flour, meal, and starches, which increased by X% to X tons in 2022. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches surged to $X in 2022. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of malt extract and food preparations of flour, meal, and starch to Serbia, accounting for a X% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was held by Croatia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Croatia (X% per year).

In value terms, Germany ($X), Poland ($X) and Slovakia ($X) were the largest malt extract and food preparations of flour, meal, and starch suppliers to Serbia, together accounting for X% of total imports.

Among the main suppliers, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 import price for malt extract and food preparations of flour, meal, and starches amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a notable expansion 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, import price for malt extract and food preparations of flour, meal, and starches increased by X% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Slovakia ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :