Serbia: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Serbia

The Serbian marble and travertine crude market was estimated at $X in 2022, almost unchanged from the previous year. In general, consumption recorded a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 2.1% against the previous year. Marble and travertine crude consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Marble And Travertine in Serbia

In value terms, marble and travertine crude production contracted slightly to $X in 2022 estimated in export price. In general, production showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 1.5%. Over the period under review, crude production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Marble And Travertine

Exports from Serbia

In 2022, approx. X tons of marble and travertine were exported from Serbia; dropping by -41.4% compared with 2021. Over the period under review, exports, however, showed a perceptible expansion. The pace of growth was the most pronounced in 2018 when exports increased by 693%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the crude exports remained at a lower figure.

In value terms, marble and travertine crude exports contracted significantly to $X in 2022. Overall, exports, however, posted a measured expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,103% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the crude exports remained at a lower figure.

Exports by Country

Montenegro (X tons) was the main destination for marble and travertine crude exports from Serbia, with a 82% share of total exports. Moreover, marble and travertine crude exports to Montenegro exceeded the volume sent to the second major destination, Slovenia (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Montenegro stood at +59.9%.

In value terms, Montenegro ($X) remains the key foreign market for marble and travertine exports from Serbia, comprising 83% of total exports. The second position in the ranking was held by Slovenia ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Montenegro totaled +87.8%.

Export Prices by Country

In 2022, the average marble and travertine crude export price amounted to $X per ton, picking up by 23% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 176%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Slovenia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+135.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Marble And Travertine

Imports into Serbia

Marble and travertine crude imports into Serbia amounted to X tons in 2022, remaining relatively unchanged against 2021 figures. Over the period under review, imports showed a measured increase. The growth pace was the most rapid in 2021 when imports increased by 41%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, marble and travertine crude imports fell rapidly to $X in 2022. Overall, imports continue to indicate a mild increase. The most prominent rate of growth was recorded in 2018 when imports increased by 79%. Imports peaked at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, North Macedonia (X tons) constituted the largest supplier of marble and travertine crude to Serbia, with a 76% share of total imports. Moreover, marble and travertine crude imports from North Macedonia exceeded the figures recorded by the second-largest supplier, Greece (X tons), sixfold. The third position in this ranking was held by Bosnia and Herzegovina (X tons), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from North Macedonia totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+0.8% per year) and Bosnia and Herzegovina (+28.7% per year).

In value terms, North Macedonia ($X) constituted the largest supplier of marble and travertine to Serbia, comprising 67% of total imports. The second position in the ranking was held by Greece ($X), with a 20% share of total imports. It was followed by Bosnia and Herzegovina, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from North Macedonia stood at +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+8.3% per year) and Bosnia and Herzegovina (+36.1% per year).

Import Prices by Country

The average marble and travertine crude import price stood at $X per ton in 2022, dropping by -23.3% against the previous year. In general, the import price continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 39%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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 Italy ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+7.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform