Raspberry crash of 2023 – Serbia, Poland, and Ukraine sharply reduced revenue from raspberry exports

Published Feb 12, 2024

Tridge summary

Serbia's frozen raspberry exports in 2023 plummeted to a four-year low, with revenues falling to $300-310 million, marking a 42% decrease from the 2021 record of $523 million. The downturn is attributed to the cyclical nature of the market. However, experts forecast a rise in raspberry purchase and export prices in 2024. Producers who sustained their raspberry plantations during the low-price period are likely to reap benefits in the next 2-3 seasons, provided there are no weather or macroeconomic disruptions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to EastFruit analysts, in 2023, exports of frozen raspberries from Serbia fell to the lowest level in the last 4 years. The revenue of exporters of Serbian frozen raspberries decreased to $300-310 million, which indicates the loss of a third of the income from external supplies of this berry. If we compare it with 2021, the revenue of Serbian raspberry growers fell by 42% from a record $523 million. Let us note that Serbia’s main competitors, Poland and Ukraine, also sharply reduced revenue from raspberry exports. And if exports from Poland fell faster than from Serbia, then exports from Ukraine fell more slowly. At the same time, Ukraine was the only one of these three largest exporters to increase its export volume. Read also: Overproduction of raspberries and low prices will continue in 2024 - forecast “The decrease in revenue from raspberry exports was due to the traditional price cyclicality of this market. It was in 2022 and 2023 that the “bottom” of the price ...

Source: Eastfruit