Key Market Indicators
Serbian meat sales are projected to reach approximately €1.2 billion by 2028, rising from around €1.1 billion in 2023. This marks an average annual growth rate of 0.8%. Over the past few years, since 2019, the Serbian market has seen a year-on-year increase of 2.9%. In 2023, Serbia ranked 23rd in the global market, with Croatia surpassing it at a similar €1.1 billion mark. France, Spain, and Italy occupied the second, third, and fourth positions, respectively, in the same ranking. On the consumption front, Serbian meat consumption is expected to decline slightly to 478,000 metric tons by 2028, down from 486,000 metric tons in 2023. This represents a compound annual growth rate (CAGR) of -0.3%. Since 2019, the demand for meat in Serbia has decreased by an average of 0.4% per year. In terms of production, Serbia's meat output is forecasted to rise to 537,000 metric tons by 2028 from 521,000 metric tons in 2023. This growth translates to an average annual rate of 0.5%. Since 2011, the country's meat supply has seen a modest annual increase of 0.2%.
