Spices; Mixtures Price in Serbia - 2023
Contents:
- Spices; Mixtures Price in Serbia (CIF) - 2022
- Spices; Mixtures Price in Serbia (FOB) - 2022
- Spices; Mixtures Imports in Serbia
- Spices; Mixtures Exports in Serbia
Spices; Mixtures Price in Serbia (CIF) - 2022
The average spices; mixtures import price stood at $6,682 per ton in 2022, waning by -6.4% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spices; mixtures import price increased by +37.0% against 2018 indices. The growth pace was the most rapid in 2019 when the average import price increased by 27%. The import price peaked at $7,141 per ton in 2021, and then fell in the following year.
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 Germany ($16,752 per ton), while the price for India ($1,644 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 (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Spices; Mixtures Price in Serbia (FOB) - 2022
The average spices; mixtures export price stood at $6,071 per ton in 2022, reducing by -12.6% against the previous year. Overall, the export price recorded a pronounced slump. The pace of growth was the most pronounced in 2016 an increase of 192%. The export price peaked at $8,494 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
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 Albania ($11,400 per ton), while the average price for exports to Hungary ($3,754 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 Australia (+56.9%), while the prices for the other major destinations experienced more modest paces of growth.
Spices; Mixtures Imports in Serbia
In 2022, the amount of spices; mixtureses imported into Serbia soared to 63 tons, increasing by 43% compared with the previous year. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +27.2% 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 +105.9% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 71%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, spices; mixtures imports surged to $421K in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Import of Spices; Mixtures in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 18.4 | 124 | 63.3 | 197 | 120.4% |
| Austria | 56.6 | 84.9 | 99.1 | 67.3 | 5.9% |
| Indonesia | N/A | N/A | 45.1 | 59.7 | 32.4% |
| India | 18.9 | 30.4 | 26.6 | 45.2 | 33.7% |
| Netherlands | 14.5 | 28.6 | 15.5 | 4.4 | -32.8% |
| Belgium | 69.6 | 33.6 | 24.4 | 3.2 | -64.2% |
| Others | 11.4 | 13.6 | 41.4 | 44.5 | 57.5% |
| Total | 189 | 315 | 315 | 421 | 30.6% |
Top Suppliers of Spices; Mixtures to Serbia in 2022:
- India (27.5 tons)
- Indonesia (12.0 tons)
- Germany (11.7 tons)
- Austria (9.0 tons)
- Netherlands (0.6 tons)
- Belgium (0.2 tons)
Spices; Mixtures Exports in Serbia
In 2022, approx. 6.9 tons of spices; mixtureses were exported from Serbia; with an increase of 12% on 2021 figures. In general, exports, however, continue to indicate a dramatic slump.
In value terms, spices; mixtures exports contracted modestly to $42K in 2022. Over the period under review, exports, however, saw a sharp setback. The most prominent rate of growth was recorded in 2021 when exports increased by 33%.
| Export of Spices; Mixtures in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 51.2 | 24.7 | 21.4 | 25.5 | -20.7% |
| Montenegro | 4.8 | 3.5 | 8.6 | 9.6 | 26.0% |
| North Macedonia | 13.0 | 2.8 | 4.8 | 5.0 | -27.3% |
| Hungary | N/A | N/A | N/A | 1.9 | 0% |
| Sweden | 36.7 | N/A | N/A | N/A | 0% |
| Others | 1.5 | 1.5 | 8.4 | 0.1 | -59.5% |
| Total | 107 | 32.5 | 43.2 | 42.2 | -26.7% |
Top Export Markets for Spices; Mixtures from Serbia in 2022:
- Bosnia and Herzegovina (3.8 tons)
- Montenegro (1.7 tons)
- North Macedonia (0.9 tons)
- Hungary (0.5 tons)
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