Price for Cereals; Millet, Other than Seed in Serbia - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in Serbia (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Serbia (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Serbia
- Exports of Cereals; Millet, Other than Seed in Serbia
Price for Cereals; Millet, Other than Seed in Serbia (CIF) - 2022
In 2022, the average import price for cereals; millet, other than seeds amounted to $451 per ton, jumping by 45% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the peak figure at $493 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Ukraine ($1,785 per ton), while the price for Russia ($401 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+18.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cereals; Millet, Other than Seed in Serbia (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $625 per ton in 2022, surging by 23% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 115%. Over the period under review, the average export prices hit record highs at $1,426 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($805 per ton), while the average price for exports to Albania ($506 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 the Czech Republic (+5.4%), while the prices for the other major destinations experienced a decline.
Imports of Cereals; Millet, Other than Seed in Serbia
In 2022, cereals; millet, other than seed imports into Serbia surged to 1.1K tons, jumping by 236% compared with 2021 figures. In general, imports recorded a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed imports surged to $512K in 2022. Overall, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Cereals; Millet, Other than Seed in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 211 | 75.7 | 99.6 | 410 | 24.8% |
| Ukraine | 1.3 | 1.3 | 0.8 | 40.8 | 215.4% |
| Hungary | 91.9 | 37.2 | 0.1 | 34.5 | -27.9% |
| Argentina | N/A | N/A | N/A | 22.4 | 0% |
| Slovakia | 22.2 | N/A | N/A | 0.3 | -76.2% |
| Others | 2.8 | 5.1 | 4.5 | 3.7 | 9.7% |
| Total | 330 | 119 | 105 | 512 | 15.8% |
Top Suppliers of Cereals; Millet, Other than Seed to Serbia in 2022:
- Russia (1023.5 tons)
- Hungary (69.8 tons)
- Ukraine (22.8 tons)
- Argentina (18.2 tons)
- Slovakia (0.4 tons)
Exports of Cereals; Millet, Other than Seed in Serbia
In 2022, approx. 58 tons of cereals; millet, other than seeds were exported from Serbia; falling by -50.6% on the previous year. Overall, exports recorded a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. As a result, the exports reached the peak of 118 tons, and then contracted markedly in the following year.
In value terms, cereals; millet, other than seed exports declined significantly to $36K in 2022. In general, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year.
| Export of Cereals; Millet, Other than Seed in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 13.2 | 15.6 | 15.9 | 15.7 | 6.0% |
| Montenegro | 6.5 | 8.9 | 10.1 | 9.1 | 11.9% |
| North Macedonia | 10.5 | 8.6 | 27.8 | 7.1 | -12.2% |
| Albania | 7.2 | 5.7 | 3.7 | 4.0 | -17.8% |
| Croatia | N/A | N/A | 2.4 | 0.4 | -83.3% |
| Czech Republic | 29.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 67.0 | 38.9 | 59.8 | 36.4 | -18.4% |
Top Export Markets for Cereals; Millet, Other than Seed from Serbia in 2022:
- Bosnia and Herzegovina (25.2 tons)
- North Macedonia (12.9 tons)
- Montenegro (11.3 tons)
- Albania (8.0 tons)
- Croatia (0.8 tons)
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