BUSINESS PERFORMANCE OF 15 LARGEST EXPORTERS IN FOOD-PROCESSING INDUSTRY IN THE PERIOD 2008-2014

  • Zoran B. Jeremić, Ph.D. Singidunum University, Faculty of Business Belgrade
  • Marko Milojević, Ph.D. Singidunum University, Faculty of Business Belgrade
  • Ivica Terzić, Ph.D. Singidunum University, Faculty of Business Belgrade

Abstract

Agricultural export in Serbia is dominated by primary agricultural products with highly processed products having only 20% share in total exports. Low share of the processed agricultural products in total exports provides an opportunity to increase export and change its structure towards higher value-added products. In order for it to happen, the food-processing industry focused on processing domestic agricultural products needs further development. In this paper, we have analysed business performance of 15 largest exporters in the food-processing industry with the aim to get insight into their export competitiveness. The paper concludes that these companies are large net exporters that provide high added value to the country’s economy. However, business performance of the exporters under analysis are not satisfactory and their export competitiveness needs the improving. According to projections, the upcoming period will bring the most diffcult challenges for the sugar-producing companies while the fruit-processing sector has the best long-term potential for export growth.

Downloads

Download data is not yet available.

References

1. European Commission (2014): Progress Report for Serbia. Brussels.
2. European Commission, (2010): EUROPE 2020 – A strategy for smart, sustainable and inclusive growth. Brussels.
3. Food and Agriculture Organization of the United Nations (2015): The State of Agricultural Commodity Markets 2015/2016.Agriculture. Rome.
4. Hausmann, R., Hwang, J., Rodrik, D. (2006): What You Export Matters. Working Paper. Center for International Development, Harvard University.
5. Hesse, H. (2008): Export Diversifcation and Economic Growth. Working paper 21, The World Bank On behalf of the Commission on Growth and Development, Washington.
6. Hidalgo, C., Klinger, B., Barbasi, A., Hausmann, R. (2007): The product space condicions the development of nations, Science, pp. 317-329.
7. Jeremić, Z., Milojevic, M., Terzć, I. (2015): Business performance of the largest exporters in Serbia during the period 2008-2014. Ekonomika preduzeća, Vol. 63, No. 5-6, pp. 293-305, Beograd.
8. Jeremić, Z., Milojevic, M. (2015): The most successful exporters and importers in period 2008-2014, The Economy and Finance Board 2015, Business Info Group, Kopaonik business forum, pp. 6-37, Beograd.
9. Jolović, A., Njegovan, Z., Čavlin, M. (2014): Finansiranje poljoprivrede u Srbiji - stanje i perspective. Ekonomika poljoprivrede, Vol. 61, No. 1, pp. 127-137, Beograd.
10. Ljunović, I., Viduka, B., Cvijanović, J. (2015): Acces to fnance for organic producers in Serbia: Demand side. Ekonomika poljoprivrede, Vol. 62, No. 4, pp. 989-1002, Beograd.
11. Miletić V., Milosavljević D., Kostić B. (2012): Institutional Investment Policy Frameworks for the Agriculture of the Republic of Serbia. Ekonomika poljoprivrede. Vol. 59, No. 3, pp. 363-377, Beograd.
12. Milojević, M., Terzić I. (2015): Liquidity of large companies in the Republic of Serbia. Ekonomika, Vol. 61, No. 3, pp. 173-183, Niš.
13. Pejanović, R. (2009): Razvojni problemi poljoprivrede Republike Srbije. Agroekonomika. Poljoprivredni fakultet, No. 41-42, pp. 5-24, Novi Sad.
14. Pejanović, R., Cvijanović, D., Njegovan Z., Tica, N., Živković, D. (2009): Problemi poljoprivrede Republike Srbije i mere za prevazilaženje krize. Ekonomika poljoprivrede, Vol. 56, No. 2, pp. 221-230, Beograd.
15. Simeunović, T., Milošević, V. (2013): Važnost analize fnansijskih izveštaja poljoprivrednih preduzeća sa osvrtom na kvalitet. Poljoprivredni fakultet, No. 59- 60, pp. 79-84. Novi Sad.
16. Stevanović, S., Milanović M. and Milačić S. (2013): Problems of the deindustrialization of the Serbian Economy. Ekonomika poljoprivrede, Vol. 60, No. 3, pp. 465-479, Beograd.
17. European Commission (2015): Strategy for development of small and mid-sized companies, entrepreneurship and competitiveness in the period 2015-2020., SBA Fact Sheet, 1-15, Brussels.
18. Vukoje, V. (2009): Osnovne determinante računovodstva troškova poljoprivrednih preduzeća. Agroekonomika. Poljoprivredni fakultet, No. 41-42, pp. 95-106, Novi Sad.
19. World Bank (2012): Republic of Serbia, The Road to Prosperity: Productivity and Exports, Country Economic Memorandum, p. 22-43, Washington.
20. World Bank (2014): Rebalancing Serbia’s Economy – Improving Competitiveness, Strengthening the Private Sector and Creating Jobs. Working paper, Washington.
Published
2016-08-31
How to Cite
JEREMIĆ, Zoran B.; MILOJEVIĆ, Marko; TERZIĆ, Ivica. BUSINESS PERFORMANCE OF 15 LARGEST EXPORTERS IN FOOD-PROCESSING INDUSTRY IN THE PERIOD 2008-2014. Economics of Agriculture, [S.l.], v. 63, n. 3, p. 943-957, aug. 2016. ISSN 2334-8453. Available at: <http://ea.bg.ac.rs/index.php/EA/article/view/208>. Date accessed: 20 nov. 2019. doi: https://doi.org/10.5937/ekoPolj1603943J.