Key Market Indicators
Montenegro's bread export industry is projected to see a significant decline, with figures expected to drop from approximately $1.9 million in 2023 to around $1.4 million by 2028. This represents an average annual decrease of 4.5%. Despite this downturn, the country's bread supply has shown a positive trend over the past decade, increasing by 25% year on year since 2011. In contrast, Montenegro's bread import market is on the rise. Imports are forecasted to climb from roughly $38 million in 2023 to nearly $43 million by 2028, marking an average annual growth rate of 1.8%. Since 2011, the demand for imported bread in Montenegro has seen a steady increase, up by 2.2% year on year.
