Serbia: Office Supply Market 2024

Office Supply Market Size in Serbia

The Serbian office supply market declined to $X in 2022, shrinking by -8.6% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Office Supply Production in Serbia

In value terms, office supply production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 115% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Office Supply Exports

Exports from Serbia

In 2022, shipments abroad of office or school supplies of plastics increased by 3.2% to X tons, rising for the second year in a row after two years of decline. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 154% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, office supply exports soared to $X in 2022. Over the period under review, exports recorded a strong increase. The growth pace was the most rapid in 2015 with an increase of 134%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for office supply exports from Serbia, accounting for a 61% share of total exports. Moreover, office supply exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Montenegro (X tons), threefold. North Macedonia (X tons) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina totaled +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+5.5% per year) and North Macedonia (+0.0% per year).

In value terms, Bosnia and Herzegovina ($X) remains the key foreign market for office or school supplies of plastics exports from Serbia, comprising 62% of total exports. The second position in the ranking was taken by Montenegro ($X), with a 22% share of total exports. It was followed by Croatia, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bosnia and Herzegovina stood at +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+6.4% per year) and Croatia (+4.7% per year).

Export Prices by Country

In 2022, the average office supply export price amounted to $X per ton, with an increase of 27% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, office supply export price increased by +66.5% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Slovenia ($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 Croatia (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Office Supply Imports

Imports into Serbia

In 2022, office supply imports into Serbia reduced slightly to X tons, remaining constant against the previous year's figure. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 with an increase of 35% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, office supply imports shrank to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +48.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 64%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

China (X tons), Turkey (X tons) and Hong Kong SAR (X tons) were the main suppliers of office supply imports to Serbia, together comprising 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +104.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of office or school supplies of plastics to Serbia, comprising 51% of total imports. The second position in the ranking was taken by Turkey ($X), with a 23% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.3% per year) and Germany (-10.8% per year).

Import Prices by Country

In 2022, the average office supply import price amounted to $X per ton, reducing by -8.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 46%. As a result, import price reached the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Hong Kong SAR ($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 (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform