Serbia: Market for Bed Linen Of Knitted Or Crocheted Textiles 2024

Market Size for Bed Linen Of Knitted Or Crocheted Textiles in Serbia

In 2022, the Serbian market for bed linen of knitted or crocheted textiles increased by 20% to $X, rising for the fifth year in a row after four years of decline. In general, consumption saw a resilient expansion. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Bed Linen Of Knitted Or Crocheted Textiles in Serbia

In value terms, production of bed linen of knitted or crocheted textiles stood at less than $X in 2022 estimated in export price. Overall, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 50% against the previous year. Production of peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Bed Linen Of Knitted Or Crocheted Textiles

Exports from Serbia

In 2022, after three years of growth, there was significant decline in shipments abroad of bed linen of knitted or crocheted textiles, when their volume decreased by -62.5% to X tons. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 2,570% against the previous year. As a result, the exports attained the peak of X tons, and then reduced dramatically in the following year.

In value terms, exports of bed linen of knitted or crocheted textiles declined dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,480%. As a result, the exports attained the peak of $X, and then declined notably in the following year.

Exports by Country

Bosnia and Herzegovina (X tons), Slovenia (X tons) and Turkey (X tons) were the main destinations of exports of bed linen of knitted or crocheted textiles from Serbia, with a combined 97% share 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 Slovenia (with a CAGR of +228.8%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Bosnia and Herzegovina ($X) and the United States ($X) constituted the largest markets for bed linen of knitted or crocheted textiles exported from Serbia worldwide, together comprising 93% of total exports.

Slovenia, with a CAGR of +177.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bed linen of knitted or crocheted textiles stood at $X per ton in 2022, falling by -3.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 86% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+72.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bed Linen Of Knitted Or Crocheted Textiles

Imports into Serbia

In 2022, purchases abroad of bed linen of knitted or crocheted textiles decreased by -33.2% to X tons, falling for the second year in a row after five years of growth. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2019 when imports increased by 1,054% against the previous year. Over the period under review, imports of hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, imports of bed linen of knitted or crocheted textiles contracted sharply to $X in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by 1,536% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Pakistan (X tons) and China (X tons) were the main suppliers of imports of bed linen of knitted or crocheted textiles to Serbia, together accounting for 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +77.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Pakistan ($X) and China ($X) constituted the largest bed linen of knitted or crocheted textiles suppliers to Serbia, with a combined 98% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +76.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bed linen of knitted or crocheted textiles stood at $X per ton in 2022, with an increase of 4.9% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for bed linen of knitted or crocheted textiles increased by +3.6% against 2019 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform