Key Market Indicators
Serbian Animal Feed Sales are projected to reach approximately €1.05 billion by 2028, up from €863 million in 2023. This growth marks a compound annual growth rate (CAGR) of 3.1%. Notably, since 2019, the Serbian market has expanded at an average annual rate of 4.1%. In 2023, Serbia ranked 18th globally in terms of animal feed sales, with Greece surpassing it at €863 million. Leading the rankings were Germany, France, and the Netherlands, occupying the second, third, and fourth positions, respectively. On the import front, Serbian Animal Feed Imports are expected to climb to 33.6 million kilograms by 2028 from 31.2 million kilograms in 2023, reflecting an annual growth rate of 1.2%. This follows a consistent upward trend in demand, with an average annual increase of 1.3% since 2010. Regarding exports, Serbian Animal Feed Exports are anticipated to reach 227.2 million kilograms by 2028, up from 193.9 million kilograms in 2023. This indicates a CAGR of 2.5%. Since 2010, the supply from Serbia has grown at an average annual rate of 4.2%. In 2023, Serbia ranked 22nd in animal feed exports, with Lithuania overtaking it with 193.9 million kilograms. The top spots were held by Germany, Belgium, and the United States, ranking second, third, and fourth, respectively.
