Concentrated Orange Juice Price in Serbia - 2023
Contents:
- Concentrated Orange Juice Price in Serbia (CIF) - 2023
- Concentrated Orange Juice Price in Serbia (FOB) - 2022
- Concentrated Orange Juice Imports in Serbia
- Concentrated Orange Juice Exports in Serbia
Concentrated Orange Juice Price in Serbia (CIF) - 2023
In November 2023, the average concentrated orange juice import price amounted to $3,527 per ton, with an increase of 20% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +4.0%. The most prominent rate of growth was recorded in May 2023 an increase of 31% m-o-m. Over the period under review, average import prices hit record highs in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($5,122 per ton), while the price for Greece ($2,358 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Hungary (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Concentrated Orange Juice Price in Serbia (FOB) - 2022
The average concentrated orange juice export price stood at $944 per ton in 2022, dropping by -32.8% against the previous year. Over the period under review, the export price, however, showed mild growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 66% against the previous year. As a result, the export price reached the peak level of $1,404 per ton, and then declined markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was North Macedonia ($2,581 per ton), while the average price for exports to Libya ($756 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 Romania (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.
Concentrated Orange Juice Imports in Serbia
In 2022, concentrated orange juice imports into Serbia rose to 4K tons, surging by 5% compared with the previous year. The total import volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, concentrated orange juice imports totaled $9M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 17%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Concentrated Orange Juice in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 2.8 | 2.8 | 3.6 | 4.4 | 16.3% |
| Netherlands | 2.8 | 2.7 | 3.0 | 3.6 | 8.7% |
| Spain | 0.1 | 0.3 | 0.3 | 0.2 | 26.0% |
| Pakistan | N/A | 0.1 | 0.2 | 0.1 | 0.0% |
| Belgium | 2.1 | 0.3 | 0.1 | N/A | -78.2% |
| Others | 1.0 | 1.4 | 1.7 | 0.6 | -15.7% |
| Total | 9.0 | 7.7 | 8.9 | 9.0 | 0.0% |
Top Suppliers of Concentrated Orange Juice to Serbia in 2022:
- Brazil (2171.8 tons)
- Netherlands (1493.2 tons)
- Spain (94.6 tons)
- Pakistan (60.8 tons)
- Belgium (11.7 tons)
Concentrated Orange Juice Exports in Serbia
In 2022, overseas shipments of concentrated orange juice increased by 221% to 704 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a precipitous contraction.
In value terms, concentrated orange juice exports soared to $665K in 2022. In general, exports, however, recorded a sharp decline.
| Export of Concentrated Orange Juice in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Libya | 1,328 | 236 | 53.2 | 466 | -29.5% |
| Romania | 39.3 | 37.3 | 76.5 | 76.3 | 24.8% |
| Greece | 52.6 | 27.9 | 51.6 | 53.0 | 0.3% |
| North Macedonia | 202 | 191 | 71.1 | 30.1 | -47.0% |
| Cyprus | 161 | 23.5 | N/A | N/A | -85.4% |
| Malta | 857 | 48.9 | N/A | N/A | -94.3% |
| Others | 249 | 107 | 55.4 | 39.3 | -46.0% |
| Total | 2,888 | 670 | 308 | 665 | -38.7% |
Top Export Markets for Concentrated Orange Juice from Serbia in 2022:
- Libya (616.5 tons)
- Romania (31.2 tons)
- Greece (22.2 tons)
- North Macedonia (11.7 tons)
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