Serbia: Piper Pepper Market 2024

Piper Pepper Market Size in Serbia

After three years of growth, the Serbian piper pepper market decreased by X% to $X in 2022. Over the period under review, consumption saw a perceptible slump. Piper pepper consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Piper Pepper Exports

Exports from Serbia

In 2022, overseas shipments of piper pepper increased by less than X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, piper pepper exports dropped modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Montenegro (X tons) was the main destination for piper pepper exports from Serbia, with a X% share of total exports. Moreover, piper pepper exports to Montenegro exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), twofold. The third position in this ranking was held by North Macedonia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Montenegro was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and North Macedonia (X% per year).

In value terms, Montenegro ($X) remains the key foreign market for piper pepper exports from Serbia, comprising X% of total exports. The second position in the ranking was held by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by North Macedonia, with a X% share.

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

Export Prices by Country

In 2022, the average piper pepper export price amounted to $X per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while the average price for exports to Poland ($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 Montenegro (X%), while the prices for the other major destinations experienced a decline.

Piper Pepper Imports

Imports into Serbia

Piper pepper imports into Serbia shrank dramatically to X tons in 2022, which is down by X% against 2021. Over the period under review, imports showed a noticeable reduction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, piper pepper imports reduced to $X in 2022. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Vietnam (X tons) constituted the largest supplier of piper pepper to Serbia, with a X% share of total imports. Moreover, piper pepper imports from Vietnam exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fourfold. Spain (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Vietnam ($X) constituted the largest supplier of piper pepper to Serbia, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Vietnam amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Spain (X% per year).

Import Prices by Country

The average piper pepper import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per ton) and Indonesia ($X per ton), while the price for Vietnam ($X per ton) and India ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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