Price for Cereal Groats and Meal; of Wheat in Serbia - 2024

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Serbia (CIF) - 2024
2. Price for Cereal Groats and Meal; of Wheat in Serbia (FOB) - 2024
3. Imports of Cereal Groats and Meal; of Wheat in Serbia
4. Exports of Cereal Groats and Meal; of Wheat in Serbia

Price for Cereal Groats and Meal; of Wheat in Serbia (CIF) - 2024

In September 2023, the average import price for cereal groats and meal; of wheats amounted to $602 per ton, surging by 11% against the previous month. Over the period under review, the import price, however, showed a noticeable contraction. The most prominent rate of growth was recorded in May 2023 an increase of 13% m-o-m. The import price peaked at $772 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Slovenia ($938 per ton), while the price for North Macedonia ($411 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Romania (+0.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Groats and Meal; of Wheat in Serbia (FOB) - 2024

The average export price for cereal groats and meal; of wheats stood at $363 per ton in September 2023, therefore, remained relatively stable against the previous month. Overall, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in June 2023 an increase of 2.8% month-to-month. The export price peaked at $560 per ton in February 2023; however, from March 2023 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Montenegro ($612 per ton), while the average price for exports to Albania ($123 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Albania (0.0%), while the prices for the other major destinations experienced a decline.

Imports of Cereal Groats and Meal; of Wheat in Serbia

After three years of growth, purchases abroad of cereal groats and meal; of wheats decreased by -24.7% to 2.8K tons in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 19%.

In value terms, imports of cereal groats and meal; of wheats reduced modestly to $2.2M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.7% 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 +89.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. As a result, imports reached the peak of $2.3M, leveling off in the following year.

Top Suppliers of Cereal Groats and Meal; of Wheat to Serbia in 2022:

1. Greece (1533.7 tons)
2. Hungary (577.5 tons)
3. Italy (254.5 tons)
4. Romania (221.9 tons)
5. Austria (193.6 tons)

Exports of Cereal Groats and Meal; of Wheat in Serbia

Exports of cereal groats and meal; of wheats from Serbia expanded remarkably to 2.7K tons in 2022, growing by 11% on the previous year's figure. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 14%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of cereal groats and meal; of wheats soared to $1.3M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. 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.

Top Export Markets for Cereal Groats and Meal; of Wheat from Serbia in 2022:

1. Bosnia and Herzegovina (1687.2 tons)
2. Montenegro (441.9 tons)
3. North Macedonia (400.3 tons)
4. Greece (75.0 tons)
5. Italy (40.9 tons)

Source: IndexBox Market Intelligence Platform