Tridge summary
Exports of fruit brandies from Serbia have seen a significant increase of approximately 30% in the first nine months of 2022 compared to the same period in 2021, surpassing 10 million euros. The largest exports are to Croatia, Germany, Montenegro, the USA, and Bosnia and Herzegovina. The Swiss market experienced the largest growth in export value this year. The quality of Serbian brandy is globally recognized, with a constant growth in exports and awards at international competitions. The country also has around 950 active producers registered for hard alcohol production.
Moreover, Serbia's plum harvest has increased by 15% compared to last year, which is expected to positively impact the production and export of fruit brandies in the future. The country produced around 26.1 million liters of brandy last year, and with consumer production, the annual production is estimated to be about 50 million liters. Serbia is providing incentives for the construction of buildings and purchase of equipment for hard alcohol production.
Moreover, Serbia's plum harvest has increased by 15% compared to last year, which is expected to positively impact the production and export of fruit brandies in the future. The country produced around 26.1 million liters of brandy last year, and with consumer production, the annual production is estimated to be about 50 million liters. Serbia is providing incentives for the construction of buildings and purchase of equipment for hard alcohol production.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Exports of fruit brandies from Serbia increased by about 30% from January to September compared to the same period in 2021, exceeding 10 million euros, local Agro TV reported, citing data from the Serbian Republic Statistical Institute. In terms of value, the largest exports of Serbian brandy are to Croatia, Germany, Montenegro, the USA and Bosnia and Herzegovina. "The biggest growth in exports in value terms this year was reported for the Swiss market. In addition, our producers conquered new markets such as Cyprus, Azerbaijan and Malta", announced the Association for Plant Growing and Food Industry at the Serbian Chamber of Commerce. Estimates by experts of the statistical institute indicate that this year's plum harvest has increased by 15% compared to last year, so it will have a positive effect on the production and export of fruit brandies in the future, taking into account that 70% of plums are processed into brandy, highlighted by the association. From there, they point ...
Source: Sinor
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