Serbia: Metal Office Furniture Market 2024

Metal Office Furniture Market Size in Serbia

The Serbian metal office furniture market soared to $X in 2022, jumping by 43% against the previous year. Overall, consumption recorded a prominent increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Metal Office Furniture Production in Serbia

In value terms, metal office furniture production skyrocketed to $X in 2022 estimated in export price. Overall, production posted a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 217%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Metal Office Furniture Exports

Exports from Serbia

In 2022, after three years of growth, there was significant decline in overseas shipments of metal office furniture, when their volume decreased by -10.4% to X tons. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 257% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal office furniture exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2016 with an increase of 131% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for metal office furniture exports from Serbia, with a 65% share of total exports. Moreover, metal office furniture exports to Germany exceeded the volume sent to the second major destination, Switzerland (X tons), sevenfold. The third position in this ranking was held by France (X tons), with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +51.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+50.7% per year) and France (+71.8% per year).

In value terms, Germany ($X) remains the key foreign market for metal office furniture exports from Serbia, comprising 51% of total exports. The second position in the ranking was held by Switzerland ($X), with a 10% share of total exports. It was followed by France, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +62.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+49.5% per year) and France (+73.0% per year).

Export Prices by Country

In 2022, the average metal office furniture export price amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 34% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained 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 Bosnia and Herzegovina ($X per ton), while the average price for exports to Germany ($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 Germany (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Office Furniture Imports

Imports into Serbia

For the sixth year in a row, Serbia recorded growth in purchases abroad of metal office furniture, which increased by 6.3% to X tons in 2022. In general, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +99.0% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 33%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, metal office furniture imports expanded markedly to $X in 2022. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 44%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Turkey (X tons) and Croatia (X tons) were the main suppliers of metal office furniture imports to Serbia, with a combined 67% share of total imports. The Czech Republic, Germany, Hungary, Italy, Finland and Austria lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +55.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Germany ($X) constituted the largest metal office furniture suppliers to Serbia, with a combined 62% share of total imports. The Czech Republic, Hungary, Italy, Croatia, Finland and Austria lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Finland, with a CAGR of +44.8%, saw the highest rates of growth with regard to 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

In 2022, the average metal office furniture import price amounted to $X per ton, rising by 3.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 31% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood 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 Germany ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform