Preserved Sauerkraut Price in Serbia - 2023
Contents:
- Preserved Sauerkraut Price in Serbia (CIF) - 2023
- Preserved Sauerkraut Price in Serbia (FOB) - 2023
- Preserved Sauerkraut Imports in Serbia
- Preserved Sauerkraut Exports in Serbia
Preserved Sauerkraut Price in Serbia (CIF) - 2023
The average preserved sauerkraut import price stood at $3,199 per ton in October 2023, declining by -7.1% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 18% m-o-m. Over the period under review, average import prices hit record highs at $3,602 per ton in August 2023; however, from September 2023 to October 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($4,028 per ton), while the price for Montenegro ($857 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Hungary (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Sauerkraut Price in Serbia (FOB) - 2023
The average preserved sauerkraut export price stood at $1,095 per ton in October 2023, which is down by -7.7% against the previous month. Over the period under review, the export price, however, posted a mild increase. The growth pace was the most rapid in June 2023 when the average export price increased by 45% m-o-m. The export price peaked at $3,789 per ton in July 2023; however, from August 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($4,287 per ton), while the average price for exports to Romania ($715 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Sauerkraut Imports in Serbia
In 2022, the amount of preserved sauerkraut imported into Serbia surged to 5.6K tons, jumping by 39% against 2021. Overall, total imports indicated a significant expansion 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 +105.6% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 50%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, preserved sauerkraut imports skyrocketed to $16M in 2022. In general, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 84%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Preserved Sauerkraut in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| North Macedonia | 4.5 | 8.4 | 8.1 | 12.4 | 40.2% |
| Poland | 0.1 | N/A | N/A | 0.4 | 58.7% |
| Spain | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Hungary | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Croatia | N/A | 0.4 | 0.6 | 0.3 | -13.4% |
| Germany | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
| Bosnia and Herzegovina | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 0.5 | 0.9 | 1.0 | 1.5 | 44.2% |
| Total | 5.5 | 10.1 | 10.4 | 15.7 | 41.9% |
Top Suppliers of Preserved Sauerkraut to Serbia in 2022:
- North Macedonia (4105.9 tons)
- Spain (313.2 tons)
- Hungary (171.5 tons)
- Croatia (147.7 tons)
- Germany (139.5 tons)
- Poland (108.8 tons)
- Bosnia and Herzegovina (95.6 tons)
Preserved Sauerkraut Exports in Serbia
In 2022, preserved sauerkraut exports from Serbia soared to 9.9K tons, jumping by 36% against 2021. The total export volume increased at an average annual rate of +11.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, preserved sauerkraut exports soared to $12M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Preserved Sauerkraut in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,901 | 2,138 | 2,050 | 2,704 | 12.5% |
| Romania | 806 | 955 | 1,187 | 1,908 | 33.3% |
| Italy | 737 | 653 | 938 | 1,180 | 17.0% |
| Croatia | 811 | 553 | 746 | 973 | 6.3% |
| Slovenia | 505 | 377 | 516 | 710 | 12.0% |
| Montenegro | 708 | 555 | 589 | 647 | -3.0% |
| Switzerland | 290 | 456 | 541 | 582 | 26.1% |
| Bosnia and Herzegovina | 424 | 457 | 497 | 571 | 10.4% |
| Austria | 146 | 388 | 388 | 519 | 52.6% |
| France | 260 | 303 | 328 | 362 | 11.7% |
| United States | 111 | 293 | 205 | 338 | 44.9% |
| Spain | 250 | 181 | 175 | 250 | 0.0% |
| Sweden | 111 | 99.7 | 118 | 171 | 15.5% |
| Others | 522 | 643 | 742 | 863 | 18.2% |
| Total | 7,583 | 8,052 | 9,019 | 11,779 | 15.8% |
Top Export Markets for Preserved Sauerkraut from Serbia in 2022:
- Germany (3365.2 tons)
- Romania (2612.6 tons)
- Croatia (473.1 tons)
- Montenegro (427.5 tons)
- Switzerland (345.9 tons)
- Spain (342.3 tons)
- Italy (323.6 tons)
- France (320.2 tons)
- Bosnia and Herzegovina (271.9 tons)
- Sweden (225.1 tons)
- Austria (223.2 tons)
- United States (196.3 tons)
- Slovenia (182.8 tons)
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