With price restrictions of sunflower oil removed, this will lead to further price increases and volume sales of sunflower will fall further. This will also lessen the price differential between sunflower oil and more expensive oils such as olive oil and other edible oils.
Retail prices will continue to rise over the forecast period, partly due to removal of price restriction on sunflower oil and also restrictions on imported edible oil. However, climate change could also negatively impact harvests and this put further pressure on retail prices.
As long as the restrictions on imports remain, local players will gain further value share. This will be particularly for sunflower oil, which is the main edible oil produced in Serbia.
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Understand the latest market trends and future growth opportunities for the Edible Oils industry in Serbia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Edible Oils
This is the aggregation of olive oil and vegetable and seed oil (which comprises of corn oil, palm oil, rapeseed oil, soy oil, sunflower oil, and other edible oil). Please note blended oil that contain over 50% of one type of oil are categorised in that category, e.g. blended oil with 60% soy oil is categorised in soy oil; whereas blended oils with less than 50% of a specific type of oil are categorised in other edible oil. Includes: Pre-packaged edible oils products purchased by consumers through legally established retail channels. Excludes: Unpackaged/bulk oils, i.e. instances where consumers bring an empty container or plastic bag to be (re)filled with cooking oil. Example: Minyak curah in Indonesia.
See All of Our DefinitionsThis report originates from Passport, our Edible Oils research and analysis database.
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