Market research

Capsicum and pimenta fruits market in Serbia

Release date: Mar 27, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for fresh or chilled capsicum and pimenta fruits in Serbia showed considerable volatility from 2018 to 2023. The market size contracted from 127.7 thousand tons in 2018 to 103.1 thousand tons in 2020, a period marked by a consistent decline in domestic production, which fell from 135.1 to 106.6 thousand tons.

A strong recovery occurred in 2021, with the market expanding to 150.0 thousand tons as production jumped to 147.7 thousand tons. This was accompanied by growing imports and a reduction in exports. The market then moderated to 145.4 thousand tons in 2022 and further to 128.1 thousand tons in 2023, following another dip in production to 119.4 thousand tons.

Throughout the period, import volumes generally trended upward, reaching 13.9 thousand tons in 2023, while exports nearly halved from their 2018 level. Preliminary 2024 trade data shows imports holding at 13.8 thousand tons and exports at 7.6 thousand tons.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Serbia
  1. 5.1.1. Annual dynamics of production in Serbia in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Serbia in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Serbia in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Serbia by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Serbia in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Serbia by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Serbia, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Serbia by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Serbia in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Serbia by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Serbia in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Serbia by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Serbia, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Serbia by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Serbia in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Serbia by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Serbia in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Serbia by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Serbia, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Serbia by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Serbia in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Serbia by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Serbia in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Serbia by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Serbia, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Serbia by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production capsicum and pimenta fruits in Serbia

In kind, 2017-2020, K t

From 2017 to 2020, Serbia ranked as the 28th largest global producer of capsicum and pimenta fruits.

Top producers of capsicum and pimenta fruits, 2017-2020

Source: SHEV.io

World map of production of capsicum and pimenta fruits, 2017-2020

Source: SHEV.io

Serbia's capsicum and pimenta fruits production declined for the third year in a row. In 2020, the country produced 106.6 thousand tonnes, marking a modest 9.9% decrease from 2019. Over the 2017-2020 period, production fell by 46.3%, with an average annual decline of 18.7%.

Annual dynamics of production in Serbia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(32.0%)	(12.4%)	(9.9%)	(18.7%)

Source: SHEV.io

In value, 2017-2020, M $ US

Capsicum and pimenta fruits production in Serbia dropped for the third consecutive year. In 2020, the output was valued at 66.4 million US dollars, down 4.2% from the previous year. Between 2017 and 2020, production value decreased by 34.5%, with an average annual decline of 13.1%.

Annual dynamics of production in Serbia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(23.8%)	(10.2%)	(4.2%)	(13.1%)

Source: SHEV.io

Exports capsicum and pimenta fruits from Serbia

Exports in kind, t

After two years of decline, Serbia's capsicum and pimenta fruits export volumes increased. In 2020, exports totaled 13 967 tonnes, a 1.1% rise year-over-year. Over the 2017-2020 period, exports decreased by 23.2%, with an average annual decline of 8.4%. The lowest volume was recorded in 2019 at 13 816 tonnes, while the largest drop occurred in 2018 with a 23.2% decrease.

Annual dynamics of product's exports from Serbia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(23.2%)	(1.2%)	1.1%	(8.4%)

Source: SHEV.io

From 2017 to 2020, Croatia (29.6% of exports in kind), Bosnia and Herzegovina (28.7%), and Slovenia (10.9%) formed the core of Serbia's capsicum and pimenta fruits exports, together accounting for 69.2% of total flows.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Serbia in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Serbia's capsicum and pimenta fruits exports increased for the second consecutive year. In 2020, exports were valued at 8 707 thousand US dollars, up 7.5% year-over-year. Between 2017 and 2020, export value decreased by 6.2%, with an average annual decline of 2.1%. The lowest value was recorded in 2018 at 7 991 thousand US dollars, which also saw the largest decline of 13.9%.

Annual dynamics of product's exports from Serbia in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.9%)	1.4%	7.5%	(2.1%)

Source: SHEV.io

From 2017 to 2020, Croatia (30.8% of exports in value terms), Bosnia and Herzegovina (19.8%), and Slovenia (19.2%) remained the principal buyers of capsicum and pimenta fruits from Serbia, jointly accounting for 69.8% of total export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Serbia in value, 2017-2020

Source: SHEV.io

Imports capsicum and pimenta fruits to Serbia

Imports in kind, t

Serbia's capsicum and pimenta fruits imports increased for the third consecutive year. In 2020, imports totaled 10 471 tonnes, a 42.6% rise from 2019. Between 2017 and 2020, import volumes grew by 132.6%, with an average annual increase of 32.5%.

Annual dynamics of product's imports to Serbia in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	47.3%	10.7%	42.6%	32.5%

Source: SHEV.io

From 2017 to 2020, North Macedonia (32.7% of imports in kind), Albania (29.0%), and Greece (14.3%) remained the key sources for Serbia's capsicum and pimenta fruits imports, together representing 76.0% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Serbia in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Capsicum and pimenta fruits imports into Serbia increased for the third consecutive year. In 2020, imports amounted to 12 336 thousand US dollars, up 44.0% from 2019. Between 2017 and 2020, import value rose by 173.9%, with an average annual increase of 39.9%.

Annual dynamics of product's imports to Serbia in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	48.1%	28.5%	44.0%	39.9%

Source: SHEV.io

From 2017 to 2020, Albania (24.6% of imports in value terms), North Macedonia (24.5%), and Greece (22.1%) led the structure of Serbia's capsicum and pimenta fruits imports, together accounting for 71.3% of total flows.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Serbia in value, 2017-2020

Source: SHEV.io