Serbia: Candied Fruit Market 2024

Candied Fruit Market Size in Serbia

After two years of growth, the Serbian candied fruit market decreased by X% to $X in 2022. Overall, consumption saw a slight downturn. The pace of growth appeared the most rapid in 2020 when the market value increased by X%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Candied Fruit Production in Serbia

In value terms, candied fruit production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

The average yield of candied fruits in Serbia stood at less than X kg per ha in 2022, stabilizing at the previous year's figure. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of candied fruits production in Serbia was estimated at less than X ha, remaining relatively unchanged against the previous year's figure. Over the period under review, the harvested area showed a relatively flat trend pattern.

Candied Fruit Exports

Exports from Serbia

In 2022, overseas shipments of candied fruits decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a prominent expansion. The growth pace was the most rapid in 2014 with an increase of X%. The exports peaked at X tons in 2021, and then shrank dramatically in the following year.

In value terms, candied fruit exports declined dramatically to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2021, and then shrank notably in the following year.

Exports by Country

Greece (X tons), Russia (X tons) and Italy (X tons) were the main destinations of candied fruit exports from Serbia, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Greece ($X) remains the key foreign market for candied fruits exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greece amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Italy (X% per year).

Export Prices by Country

The average candied fruit export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 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 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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

Candied Fruit Imports

Imports into Serbia

In 2022, after two years of growth, there was decline in overseas purchases of candied fruits, when their volume decreased by X% to X tons. Overall, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted slightly in the following year.

In value terms, candied fruit imports shrank to $X in 2022. Over the period under review, imports, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of candied fruit to Serbia, accounting for a X% share of total imports. Moreover, candied fruit imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by Greece (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Greece (X% per year).

In value terms, Thailand ($X), Greece ($X) and the United States ($X) were the largest candied fruit suppliers to Serbia, together comprising X% of total imports.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 candied fruit import price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Greece ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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