Serbia - Bacon, Ham and Other Dried, Salted or Smoked Pig Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBacon and Ham Price in Serbia - 2023
Contents:
- Bacon and Ham Price in Serbia (CIF) - 2023
- Bacon and Ham Price in Serbia (FOB) - 2023
- Bacon and Ham Imports in Serbia
- Bacon and Ham Exports in Serbia
Bacon and Ham Price in Serbia (CIF) - 2023
In November 2023, the average bacon and ham import price amounted to $7,967 per ton, remaining stable against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 13% against the previous month. The import price peaked at $8,954 per ton in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($10,805 per ton), while the price for the Netherlands ($4,624 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Croatia (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bacon and Ham Price in Serbia (FOB) - 2023
The average bacon and ham export price stood at $7,325 per ton in November 2023, surging by 11% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in January 2023 when the average export price increased by 23% month-to-month. Over the period under review, the average export prices attained the peak figure at $9,305 per ton in September 2023; however, from October 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Bosnia and Herzegovina ($8,066 per ton), while the average price for exports to Montenegro ($4,367 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.
Bacon and Ham Imports in Serbia
For the fourth consecutive year, Serbia recorded growth in supplies from abroad of bacon, ham and other dried, salted or smoked pig meat, which increased by 20% to 3.5K tons in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, bacon and ham imports surged to $24M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bacon and Ham in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 6.9 | 9.2 | 10.6 | 13.9 | 26.3% |
| Croatia | 1.1 | 1.6 | 2.2 | 3.0 | 39.7% |
| Netherlands | 2.0 | 1.9 | 2.2 | 2.6 | 9.1% |
| Slovenia | 1.4 | 1.1 | 1.6 | 1.7 | 6.7% |
| Austria | 0.6 | 0.9 | 1.4 | 1.6 | 38.7% |
| Bosnia and Herzegovina | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
| Germany | 1.7 | 1.5 | N/A | N/A | -11.8% |
| Italy | 0.9 | 0.9 | 1.1 | N/A | 10.6% |
| Others | 0.2 | 0.3 | 0.4 | 0.5 | 35.7% |
| Total | 15.1 | 17.5 | 19.8 | 23.5 | 15.9% |
Top Suppliers of Bacon and Ham to Serbia in 2022:
- Montenegro (1835.5 tons)
- Netherlands (795.5 tons)
- Croatia (342.7 tons)
- Slovenia (247.7 tons)
- Austria (159.6 tons)
- Bosnia and Herzegovina (68.3 tons)
- Italy (0.5 tons)
Bacon and Ham Exports in Serbia
In 2022, the amount of bacon, ham and other dried, salted or smoked pig meat exported from Serbia soared to 405 tons, picking up by 26% on the year before. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +6.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, bacon and ham exports surged to $2.3M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Bacon and Ham in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 449 | 302 | 680 | 930 | 27.5% |
| Bosnia and Herzegovina | 815 | 661 | 747 | 916 | 4.0% |
| North Macedonia | 304 | 299 | 392 | 340 | 3.8% |
| Others | 157 | 45.3 | 39.1 | 73.8 | -22.2% |
| Total | 1,726 | 1,307 | 1,858 | 2,260 | 9.4% |
Top Export Markets for Bacon and Ham from Serbia in 2022:
- Montenegro (207.3 tons)
- Bosnia and Herzegovina (162.9 tons)
- North Macedonia (24.7 tons)
This report provides an in-depth analysis of the bacon and ham market in Serbia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10131120 - Hams, shoulders and cuts thereof with bone in, of swine, s alted, in brine, dried or smoked
- Prodcom 10131150 - Bellies and cuts thereof of swine, salted, in brine, dried or smoked
- Prodcom 10131180 - Pig meat salted, in brine, dried or smoked (including bacon, 3/4 sides/middles, fore-ends, loins and cuts thereof, excluding hams, shoulders and cuts thereof with bone in, bellies and cuts thereof)
Country coverage:
- Serbia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Serbia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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