Serbia: Baby Food Market 2024

Baby Food Market Size in Serbia

The Serbian baby food market dropped to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption showed a pronounced slump. The most prominent rate of growth was recorded in 2018 when the market value increased by X%. Baby food consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Baby Food Production in Serbia

In value terms, baby food production totaled $X in 2022 estimated in export price. Overall, production, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Baby Food Exports

Exports from Serbia

Baby food exports from Serbia soared to X tons in 2022, growing by X% against the year before. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, baby food exports surged to $X in 2022. Overall, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for baby food exports from Serbia, with a X% share of total exports. Moreover, baby food exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), sevenfold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Bosnia and Herzegovina (X% per year).

In value terms, Russia ($X) remains the key foreign market for food preparations for infants exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Ukraine, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Ukraine (X% per year).

Export Prices by Country

The average baby food export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a 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 Bosnia and Herzegovina ($X per ton), while the average price for exports to Moldova ($X 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 Moldova (X%), while the prices for the other major destinations experienced more modest paces of growth.

Baby Food Imports

Imports into Serbia

In 2022, overseas purchases of food preparations for infants were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a tangible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, baby food imports soared to $X in 2022. In general, imports enjoyed resilient growth. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Austria (X tons) and Germany (X tons) were the main suppliers of baby food imports to Serbia, together accounting for X% of total imports. Croatia, Bulgaria, France, Slovenia, Poland and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of X.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest baby food suppliers to Serbia were the Netherlands ($X), Austria ($X) and Germany ($X), with a combined X% share of total imports. France, Bulgaria, Slovenia, Croatia, Poland and Hungary lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average baby food import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Slovenia ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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