| Product Code: ETC4720135 | Publication Date: Nov 2023 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In the Serbia selenium market, the import trend experienced a significant decline from 2023 to 2024, with a growth rate of -73.33%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at 41.42%. This sharp downturn in import figures could be attributed to shifts in demand dynamics or changes in trade policies affecting the market during that period.

Serbia's Selenium market is anticipated to experience a growing growth rate of 7.17% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Serbia Selenium Market Overview |
3.1 Serbia Country Macro Economic Indicators |
3.2 Serbia Selenium Market Revenues & Volume, 2022 & 2032F |
3.3 Serbia Selenium Market - Industry Life Cycle |
3.4 Serbia Selenium Market - Porter's Five Forces |
3.5 Serbia Selenium Market Revenues & Volume Share, By Type, 2022 & 2032F |
3.6 Serbia Selenium Market Revenues & Volume Share, By Applications, 2022 & 2032F |
4 Serbia Selenium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for selenium in agriculture and animal feed industries due to its essential role in promoting livestock health and crop growth. |
4.2.2 Growing awareness about the health benefits of selenium, driving its use in dietary supplements and functional foods. |
4.2.3 Expansion of the pharmaceutical industry in Serbia, leading to higher demand for selenium in drug manufacturing. |
4.3 Market Restraints |
4.3.1 Price volatility of selenium in the global market, impacting the cost-effectiveness of selenium-based products in Serbia. |
4.3.2 Limited availability of selenium reserves in Serbia, leading to dependency on imports and vulnerability to supply chain disruptions. |
5 Serbia Selenium Market Trends |
6 Serbia Selenium Market Segmentations |
6.1 Serbia Selenium Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Serbia Selenium Market Revenues & Volume, By Food Grade, 2022-2032F |
6.1.3 Serbia Selenium Market Revenues & Volume, By Industrial Grade, 2022-2032F |
6.2 Serbia Selenium Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Serbia Selenium Market Revenues & Volume, By Metallurgy, 2022-2032F |
6.2.3 Serbia Selenium Market Revenues & Volume, By Agriculture, 2022-2032F |
6.2.4 Serbia Selenium Market Revenues & Volume, By Animal Feed industry, 2022-2032F |
6.2.5 Serbia Selenium Market Revenues & Volume, By Chemical industry, 2022-2032F |
6.2.6 Serbia Selenium Market Revenues & Volume, By Dietary supplements, 2022-2032F |
6.2.7 Serbia Selenium Market Revenues & Volume, By Other, 2022-2032F |
7 Serbia Selenium Market Import-Export Trade Statistics |
7.1 Serbia Selenium Market Export to Major Countries |
7.2 Serbia Selenium Market Imports from Major Countries |
8 Serbia Selenium Market Key Performance Indicators |
8.1 Average selling price of selenium in the Serbian market. |
8.2 Adoption rate of selenium-enriched products in different industries. |
8.3 Research and development investments in selenium-related technologies and applications in Serbia. |
9 Serbia Selenium Market - Opportunity Assessment |
9.1 Serbia Selenium Market Opportunity Assessment, By Type, 2022 & 2032F |
9.2 Serbia Selenium Market Opportunity Assessment, By Applications, 2022 & 2032F |
10 Serbia Selenium Market - Competitive Landscape |
10.1 Serbia Selenium Market Revenue Share, By Companies, 2025 |
10.2 Serbia Selenium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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