Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Serbia - 2024

Contents:

  1. Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Serbia (CIF) - 2024
  2. Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Serbia (FOB) - 2024
  3. Imports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Serbia
  4. Exports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Serbia

Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Serbia (CIF) - 2024

The average import price for nuts, edible; almonds, fresh or dried, shelleds stood at $4,400 per ton in September 2023, which is down by -2.5% against the previous month. Over the period from February 2023 to September 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in March 2023 an increase of 9.7% m-o-m. Over the period under review, average import prices reached the maximum at $4,741 per ton in May 2023; however, from June 2023 to September 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Spain ($6,737 per ton), while the price for the United States ($4,421 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Greece (+0.9%), while the prices for the other major suppliers experienced a decline.

Price for Nuts, Edible; Almonds, Fresh or Dried, Shelled in Serbia (FOB) - 2024

In September 2023, the average export price for nuts, edible; almonds, fresh or dried, shelleds amounted to $4,648 per ton, which is down by -9.1% against the previous month. Overall, the export price showed a deep setback. The pace of growth was the most pronounced in June 2023 when the average export price increased by 30% against the previous month. As a result, the export price attained the peak level of $7,060 per ton. From July 2023 to September 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In September 2023, the highest price was recorded for prices to Montenegro ($6,684 per ton) and Bosnia and Herzegovina ($6,183 per ton), while the average price for exports to Spain ($4,471 per ton) and Hungary ($5,113 per ton) were amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Serbia

In 2022, after three years of growth, there was significant decline in supplies from abroad of nuts, edible; almonds, fresh or dried, shelleds, when their volume decreased by -6.7% to 1.1K tons. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% 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 +66.3% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 37%.

In value terms, imports of nuts, edible; almonds, fresh or dried, shelleds declined to $5.5M in 2022. The total import value increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, imports attained the peak of $5.8M, and then fell in the following year.

Import of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Serbia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3.64.54.84.68.5%
Netherlands0.20.10.20.644.2%
Greece0.30.20.30.1-30.7%
Spain0.1N/A0.10.10.0%
Australia0.30.10.3N/A0.0%
OthersN/A0.10.20.10.0%
Total4.45.05.85.57.7%

Top Suppliers of Nuts, Edible; Almonds, Fresh or Dried, Shelled to Serbia in 2022:

  1. United States (906.1 tons)
  2. Netherlands (121.2 tons)
  3. Spain (21.6 tons)
  4. Greece (17.1 tons)

Exports of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Serbia

After three years of growth, shipments abroad of nuts, edible; almonds, fresh or dried, shelleds decreased by -18.1% to 100 tons in 2022. Overall, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 154% against the previous year.

In value terms, exports of nuts, edible; almonds, fresh or dried, shelleds declined dramatically to $572K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 110% against the previous year.

Export of Nuts, Edible; Almonds, Fresh or Dried, Shelled in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Montenegro82.526137931556.3%
Bosnia and Herzegovina17.937.022911988.0%
UkraineN/AN/AN/A1010%
Hungary68.589.751.332.6-21.9%
BulgariaN/AN/A67.1N/A0%
Netherlands19.6N/AN/AN/A0%
Others4.117.030.93.3-7.0%
Total19340575757243.6%

Top Export Markets for Nuts, Edible; Almonds, Fresh or Dried, Shelled from Serbia in 2022:

  1. Montenegro (55.2 tons)
  2. Ukraine (20.0 tons)
  3. Bosnia and Herzegovina (18.5 tons)
  4. Hungary (6.0 tons)

Source: IndexBox Market Intelligence Platform

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