Serbia: Market for Non-Soap Washing and Cleaning Preparations 2024

Market Size for Non-Soap Washing and Cleaning Preparations in Serbia

After three years of decline, the Serbian market for non-soap washing and cleaning preparations increased by 26% to $X in 2022. In general, consumption, however, saw a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Soap Washing and Cleaning Preparations in Serbia

In value terms, non-soap washing and cleaning preparations production soared to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 39%. Non-soap washing and cleaning preparations production peaked in 2022 and is likely to see steady growth in years to come.

Exports of Non-Soap Washing and Cleaning Preparations

Exports from Serbia

For the eleventh consecutive year, Serbia recorded growth in shipments abroad of non-soap washing and cleaning preparations, which increased by 0.8% to X tons in 2022. In general, exports showed a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 22%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, non-soap washing and cleaning preparations exports rose significantly to $X in 2022. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 41% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for non-soap washing and cleaning preparations exports from Serbia, with a 24% share of total exports. Moreover, non-soap washing and cleaning preparations exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), twofold. The third position in this ranking was taken by Bosnia and Herzegovina (X tons), with an 8.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+13.9% per year) and Bosnia and Herzegovina (-0.5% per year).

In value terms, Germany ($X) remains the key foreign market for non-soap washing and cleaning preparations exports from Serbia, comprising 26% of total exports. The second position in the ranking was taken by Austria ($X), with a 12% share of total exports. It was followed by Poland, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +41.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+30.0% per year) and Poland (+31.8% per year).

Export Prices by Country

The average export price for non-soap washing and cleaning preparations stood at $X per ton in 2022, with an increase of 7.1% against the previous year. Over the period under review, the export price saw a strong expansion. The pace of growth was the most pronounced in 2018 an increase of 24%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Albania ($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 Poland (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Soap Washing and Cleaning Preparations

Imports into Serbia

For the third consecutive year, Serbia recorded growth in overseas purchases of non-soap washing and cleaning preparations, which increased by less than 0.1% to X tons in 2022. The total import volume increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-soap washing and cleaning preparations imports rose rapidly to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +97.9% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

Turkey (X tons), the Czech Republic (X tons) and Germany (X tons) were the main suppliers of non-soap washing and cleaning preparations imports to Serbia, with a combined 36% share of total imports. Austria, Italy, Norway, Poland, Croatia, Hungary, Belgium, Romania, France and Slovenia lagged somewhat behind, together comprising a further 54%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +130.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-soap washing and cleaning preparations suppliers to Serbia were Germany ($X), Turkey ($X) and Norway ($X), together accounting for 36% of total imports.

In terms of the main suppliers, Norway, with a CAGR of +126.9%, recorded 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 non-soap washing and cleaning preparations stood at $X per ton in 2022, picking up by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2018 when the average import price increased by 16%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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 France ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform