Report Update: Apr 1, 2024

Serbia - Flaked or Rolled Cereals - Market Analysis, Forecast, Size, Trends And Insights

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Price for Flaked or Rolled Cereal in Serbia - 2023

Price for Flaked or Rolled Cereal in Serbia (CIF) - 2022

In 2022, the average flaked or rolled cereal import price amounted to $835 per ton, rising by 9.4% against the previous year. Overall, the import price continues to indicate a slight increase. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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 Czech Republic ($878 per ton), while the price for Belarus ($457 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flaked or Rolled Cereal in Serbia (FOB) - 2022

The average flaked or rolled cereal export price stood at $326 per ton in 2022, with an increase of 7% against the previous year. In general, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flaked or rolled cereal export price increased by +119.2% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 30% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($398 per ton), while the average price for exports to Albania ($258 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 Albania (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flaked or Rolled Cereal in Serbia

In 2022, approx. 3.8K tons of flaked or rolled cereals were imported into Serbia; rising by 30% compared with the previous year. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, flaked or rolled cereal imports surged to $3.2M in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 45%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Import of Flaked or Rolled Cereal in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	86.2	158	486	1,205	140.9%
Germany	635	1,020	585	570	-3.5%
Russia	233	211	313	482	27.4%
Italy	145	154	142	237	17.8%
Hungary	79.1	50.9	113	152	24.3%
Croatia	3.3	13.7	86.4	95.4	206.9%
Belarus	99.5	129	29.7	59.3	-15.8%
Poland	33.1	80.0	159	48.0	13.2%
Others	162	323	339	363	30.9%
Total	1,477	2,140	2,253	3,211	29.5%

Top Suppliers of Flaked or Rolled Cereal to Serbia in 2022:

Czech Republic (1371.6 tons)
Germany (709.2 tons)
Russia (577.3 tons)
Italy (346.0 tons)
Hungary (240.9 tons)
Croatia (153.0 tons)
Belarus (129.9 tons)
Poland (26.1 tons)

Exports of Flaked or Rolled Cereal in Serbia

For the fourth consecutive year, Serbia recorded growth in shipments abroad of flaked or rolled cereals, which increased by 174% to 2.9K tons in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flaked or rolled cereal exports surged to $942K in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Flaked or Rolled Cereal in Serbia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Romania	N/A	N/A	N/A	594	0%
Montenegro	106	158	290	252	33.5%
Bosnia and Herzegovina	27.2	27.0	17.3	71.9	38.3%
Albania	7.2	3.4	8.5	13.0	21.8%
Others	54.0	27.8	5.5	10.9	-41.3%
Total	194	216	321	942	69.3%

Top Export Markets for Flaked or Rolled Cereal from Serbia in 2022:

Romania (2001.5 tons)
Montenegro (633.8 tons)
Bosnia and Herzegovina (187.8 tons)
Albania (50.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for flaked or rolled cereal 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 10613333 - Rolled, flaked, hulled, pearled, sliced or kibbled cereal grains (excluding rice)
Prodcom 10613335 - Germ of cereals, whole, rolled, flaked or ground (excluding rice)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023