Serbia: Aluminium Alloy Wire Market 2025

Aluminium Alloy Wire Market Size in Serbia

The Serbian aluminium alloy wire market surged to $X in 2022, increasing by 53% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Aluminium Alloy Wire Exports

Exports from Serbia

In 2022, shipments abroad of aluminium alloy wire decreased by -11.9% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of 123%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, aluminium alloy wire exports soared to $X in 2022. Over the period under review, exports, however, posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Montenegro (X tons), North Macedonia (X tons) and Bosnia and Herzegovina (X tons) were the main destinations of aluminium alloy wire exports from Serbia, together accounting for 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of +45.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aluminium alloy wire exported from Serbia were Montenegro ($X), North Macedonia ($X) and Croatia ($X), together comprising 46% of total exports.

In terms of the main countries of destination, North Macedonia, with a CAGR of +68.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average aluminium alloy wire export price stood at $X per ton in 2022, picking up by 225% against the previous year. Over the period under review, the export price showed a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Croatia ($X per ton) and Montenegro ($X per ton), while the average price for exports to Germany ($X per ton) and Bosnia and Herzegovina ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (+15.7%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Alloy Wire Imports

Imports into Serbia

In 2022, aluminium alloy wire imports into Serbia surged to X tons, growing by 31% compared with the previous year. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 180% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, aluminium alloy wire imports soared to $X in 2022. In general, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 76% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Hungary (X tons), China (X tons) and Slovenia (X tons) were the main suppliers of aluminium alloy wire imports to Serbia, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +67.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), China ($X) and Slovenia ($X) were the largest aluminium alloy wire suppliers to Serbia, with a combined 64% share of total imports.

China, with a CAGR of +73.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average aluminium alloy wire import price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium alloy wire import price increased by +131.7% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 89%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform