Key Market Indicators
Serbian Meat Sales are projected to climb to €1.2 billion by 2028, up from €1.1 billion in 2023. This represents an average annual growth rate of 0.8%. From 2019 onward, the Serbian market has consistently expanded, averaging a 2.9% increase per year. In 2023, Serbia ranked 23rd in meat sales, trailing Croatia, which also reported sales of €1.1 billion. France, Spain, and Italy occupied the second, third, and fourth positions, respectively. In contrast, Serbian meat consumption is expected to decline slightly. By 2028, consumption is anticipated to fall to 478,000 metric tons, down from 486,000 metric tons in 2023. This marks an average annual decrease of 0.3%. Since 2019, Serbian meat demand has decreased by 0.4% annually. However, meat production in Serbia is on an upward trajectory. Production is forecasted to reach 537,000 metric tons by 2028, rising from 521,000 metric tons in 2023. This indicates a compound annual growth rate (CAGR) of 0.5%. Since 2011, Serbian meat supply has seen a modest increase of 0.2% per year.
