Serbia: Market for Starch other than Wheat, Corn or Potato 2024

Market Size for Starch other than Wheat, Corn or Potato in Serbia

For the sixth year in a row, the Serbian market for starch other than wheat, corn or potato recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption showed a resilient increase. Consumption of peaked in 2022 and is expected to retain growth in the near future.

Production of Starch other than Wheat, Corn or Potato in Serbia

In value terms, production of starch other than wheat, corn or potato rose significantly to $X in 2022 estimated in export price. Overall, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Starch other than Wheat, Corn or Potato

Exports from Serbia

Exports of starch other than wheat, corn or potato from Serbia soared to X kg in 2022, rising by X% on the previous year's figure. Over the period under review, exports posted a remarkable increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of starch other than wheat, corn or potato skyrocketed to $X in 2022. In general, exports showed a strong increase. The pace of growth appeared the most rapid in 2020 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 kg) was the main destination for exports of starch other than wheat, corn or potato from Serbia, with a X% share of total exports. Moreover, exports of starch other than wheat, corn or potato to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Poland (X kg), twofold. The third position in this ranking was taken by France (X kg), with a X% share.

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

In value terms, the largest markets for starch other than wheat, corn or potato exported from Serbia were Bosnia and Herzegovina ($X), Poland ($X) and France ($X), with a combined X% share of total exports.

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

Export Prices by Country

The average export price for starch other than wheat, corn or potato stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per ton) and Montenegro ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) and France ($X per ton) were amongst the lowest.

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

Imports of Starch other than Wheat, Corn or Potato

Imports into Serbia

In 2022, purchases abroad of starch other than wheat, corn or potato increased by X% to X tons, rising for the eighth year in a row after two years of decline. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of starch other than wheat, corn or potato surged to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2015 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 continue growth in years to come.

Imports by Country

In 2022, Norway (X tons) constituted the largest starch other than wheat, corn or potato supplier to Serbia, accounting for a X% share of total imports. Moreover, imports of starch other than wheat, corn or potato from Norway exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold.

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

In value terms, Norway ($X) constituted the largest supplier of starch other than wheat, corn or potato to Serbia, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports.

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

Import Prices by Country

The average import price for starch other than wheat, corn or potato stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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 the Netherlands ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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