Market research

Lard and poultry fats market in Serbia

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Serbian market for lard and poultry fats grew substantially from 5 056 tons in 2018 to 9 653 tons in 2021. This expansion was supported by dietary interventions in piglet feed, such as the use of maize and full-fat soybean mixtures, which improved growth and meat quality, thereby increasing fat production. Research into fatty acid profiles and genetics also highlighted how enhanced nutrition could boost fat content in livestock.

After peaking in 2021, the market volume dipped to 8 893 tons in 2022. This decline coincided with a long-term decrease in poultry population and consumption, influenced by shifting consumer preferences and industry challenges. Additionally, rising feed ingredient prices for corn and soybeans directly raised production costs for poultry fat, putting pressure on the supply side.

In 2023, the market recovered to 9 682 tons despite ongoing issues in the agribusiness sector, such as insufficient technological advancement and state support, which continued to affect domestic production efficiency. Import volumes remained high, compensating for weaker local output.

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, 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, 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, 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 lard and poultry fats in Serbia

In kind, 2017-2020, t

Top producers of lard and poultry fats, 2017-2020

Source: SHEV.io

World map of production of lard and poultry fats, 2017-2020

Source: SHEV.io

Serbia's production of lard and poultry fats has increased for the third consecutive year. In 2020, the country produced 4 740 tonnes, marking a moderate rise of 3.7% compared to 2019. Over the period from 2017 to 2020, production grew by 95.2%, with a compound annual growth rate of 25.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	11.7%	68.6%	3.7%	25.0%

Source: SHEV.io

In value, 2017-2020, K $ US

Serbia's production of lard and poultry fats has increased for the third consecutive year. In 2020, the output was valued at 6 658 thousand US dollars, showing a strong year-over-year growth of 11.0%. From 2017 to 2020, production rose by 109.3%, with a compound annual growth rate of 27.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	30.2%	44.8%	11.0%	27.9%

Source: SHEV.io

Exports lard and poultry fats from Serbia

Exports in kind, t

Serbia's exports of lard and poultry fats have increased for the second consecutive year. In 2020, the country exported 139 tonnes, up by 0.7% from 2019. Over the period from 2017 to 2020, exports decreased by 23.2%, with a compound annual growth rate of -8.4%. The lowest volume was recorded in 2018 at 134 tonnes, which also saw the largest decline of 25.8%. In contrast, the largest increase occurred in 2019, with a rise of 2.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(25.8%)	2.7%	0.7%	(8.4%)

Source: SHEV.io

From 2017 to 2020, Serbia's exports in kind were highly concentrated, with Bosnia and Herzegovina and Montenegro together accounting for 94.4% of total flows. Other partners made up only a small residual share.

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

After a two-year decline, Serbia's exports of lard and poultry fats increased in 2020. The export value reached 195 thousand US dollars, up by 7.8% year-over-year. Between 2017 and 2020, exports decreased by 17.7%, equating to an annualized rate of -6.3%. The lowest value was recorded in 2019 at 181 thousand US dollars, while the largest decline occurred in 2018, with a drop of 13.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(13.5%)	(11.7%)	7.8%	(6.3%)

Source: SHEV.io

From 2017 to 2020, Bosnia and Herzegovina and Montenegro remained the key destinations for Serbia's exports in value terms, jointly taking 95.2% of total flows. Other partners were individually much less significant.

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 lard and poultry fats to Serbia

Imports in kind, t

Serbia's imports of lard and poultry fats have increased for the third consecutive year. In 2020, imports amounted to 4 435 tonnes, reflecting a steep rise of 25.9% compared to 2019. Over the period from 2017 to 2020, imports grew by 122.2%, with a compound annual growth rate of 30.5%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	24.1%	42.2%	25.9%	30.5%

Source: SHEV.io

From 2017 to 2020, Serbia's imports in kind were dominated by Italy, which absorbed 93.4% of total imports.

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

Serbia's imports of lard and poultry fats have increased for the third consecutive year. In 2020, imports totalled 4 032 thousand US dollars, showing an advance of 32.0% compared to 2019. Over the period from 2017 to 2020, imports rose by 105.3%, with a compound annual growth rate of 27.1%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	10.5%	40.7%	32.0%	27.1%

Source: SHEV.io

From 2017 to 2020, the geographical pattern of Serbia's imports in value terms reflected a strong dependence on Italy, which absorbed 95.5% 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