Serbia: Market for Float Glass And Surface Ground or Polished Glass 2024

Market Size for Float Glass And Surface Ground or Polished Glass in Serbia

The Serbian market for float glass and surface ground or polished glass skyrocketed to $X in 2022, growing by X% against the previous year. In general, consumption, however, showed a remarkable increase. Consumption of peaked in 2022 and is likely to see steady growth in the near future.

Production of Float Glass And Surface Ground or Polished Glass in Serbia

In value terms, production of float glass and surface ground or polished glass skyrocketed to $X in 2022 estimated in export price. Overall, production showed significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Float Glass And Surface Ground or Polished Glass

Exports from Serbia

In 2022, approx. X square meters of float glass and surface ground or polished glass were exported from Serbia; reducing by X% against the previous year's figure. Overall, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports of attained the peak figure at X square meters in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of float glass and surface ground or polished glass surged to $X in 2022. Over the period under review, exports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Montenegro (X square meters) was the main destination for exports of float glass and surface ground or polished glass from Serbia, with a X% share of total exports. Moreover, exports of float glass and surface ground or polished glass to Montenegro exceeded the volume sent to the second major destination, Switzerland (X square meters), more than tenfold. Germany (X square meters) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Montenegro was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (X% per year) and Germany (X% per year).

In value terms, the largest markets for float glass and surface ground or polished glass exported from Serbia were Montenegro ($X), Switzerland ($X) and Germany ($X), with a combined X% share of total exports.

Among the main countries of destination, Switzerland, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average export price for float glass and surface ground or polished glass amounted to $X per square meter, increasing by X% against the previous year. In general, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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 Switzerland ($X per square meter), while the average price for exports to Montenegro ($X per square meter) was amongst the lowest.

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

Imports of Float Glass And Surface Ground or Polished Glass

Imports into Serbia

In 2022, overseas purchases of float glass and surface ground or polished glass decreased by X% to X square meters for the first time since 2015, thus ending a six-year rising trend. Overall, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports of reached the peak figure at X square meters in 2021, and then dropped in the following year.

In value terms, imports of float glass and surface ground or polished glass surged to $X in 2022. In general, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Bulgaria (X square meters) constituted the largest float glass and surface ground or polished glass supplier to Serbia, accounting for a X% share of total imports. Moreover, imports of float glass and surface ground or polished glass from Bulgaria exceeded the figures recorded by the second-largest supplier, Hungary (X square meters), threefold. The third position in this ranking was held by Romania (X square meters), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Bulgaria amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Romania (X% per year).

In value terms, the largest float glass and surface ground or polished glass suppliers to Serbia were Bulgaria ($X), Hungary ($X) and Poland ($X), with a combined X% share of total imports. Romania, the Czech Republic, Italy, Belgium and Russia lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, 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

The average import price for float glass and surface ground or polished glass stood at $X per square meter in 2022, increasing by X% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% 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 float glass and surface ground or polished glass increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per square meter), while the price for Russia ($X per square meter) was amongst the lowest.

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

Source: IndexBox Platform