Serbia: Meat And Poultry Market 2024

Meat And Poultry Market Size in Serbia

In 2022, the Serbian meat and poultry market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a mild decline. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Meat And Poultry Production in Serbia

In value terms, meat and poultry production contracted modestly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decrease. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The average yield of meat and poultry in Serbia dropped to X kg per head in 2022, waning by X% compared with the previous year. Overall, the yield continues to indicate a noticeable setback. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the yield reached the peak level of X kg per head. From 2015 to 2022, the growth of the average meat and poultry yield remained at a lower figure.

The number of animals slaughtered for meat and poultry production in Serbia expanded modestly to X heads in 2022, growing by X% on the previous year's figure. In general, the total number of producing animals indicated a pronounced expansion from 2012 to 2022: its figure 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, number of animals slaughtered for meat and poultry production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The number of animals slaughtered for meat and poultry production peaked at X heads in 2019; however, from 2020 to 2022, producing animals remained at a lower figure.

Meat And Poultry Exports

Exports from Serbia

In 2022, approx. X tons of meat and poultry were exported from Serbia; dropping by X% on the previous year's figure. In general, exports, however, saw a measured expansion. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, meat and poultry exports surged to $X in 2022. Overall, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Montenegro (X tons), China (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of meat and poultry exports from Serbia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for meat and poultry exported from Serbia were China ($X), Montenegro ($X) and Bosnia and Herzegovina ($X), together accounting for X% of total exports.

In terms of the main countries of destination, China, 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 meat and poultry export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Meat And Poultry Imports

Imports into Serbia

For the third year in a row, Serbia recorded growth in overseas purchases of meat and poultry, which increased by X% to X tons in 2022. In general, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, meat and poultry imports skyrocketed to $X in 2022. Over the period under review, imports showed a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of meat and poultry to Serbia, accounting for a X% share of total imports. Moreover, meat and poultry imports from Spain exceeded the figures recorded by the second-largest supplier, Hungary (X tons), sixfold. Croatia (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Spain ($X) constituted the largest supplier of meat and poultry to Serbia, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with an X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Hungary (X% per year).

Import Prices by Country

The average meat and poultry import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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