Serbia: Personal Anti-Perspirants Market 2024

Personal Anti-Perspirants Market Size in Serbia

After two years of growth, the Serbian personal anti-perspirants market decreased by X% to $X in 2022. In general, consumption recorded a modest expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Personal Anti-Perspirants Production in Serbia

In value terms, personal anti-perspirants production expanded notably to $X in 2022 estimated in export price. Overall, production enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Personal anti-perspirants production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Personal Anti-Perspirants Exports

Exports from Serbia

For the fourth year in a row, Serbia recorded decline in shipments abroad of personal deodorants and anti-perspirants, which decreased by X% to X tons in 2022. In general, exports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, personal anti-perspirants exports rose markedly to $X in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

North Macedonia (X tons) was the main destination for personal anti-perspirants exports from Serbia, with a X% share of total exports. Moreover, personal anti-perspirants exports to North Macedonia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), twofold. The third position in this ranking was held by Albania (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to North Macedonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Albania (X% per year).

In value terms, North Macedonia ($X) remains the key foreign market for personal deodorants and anti-perspirants exports from Serbia, comprising X% of total exports. The second position in the ranking was taken by Albania ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

From 2012 to 2022, the average annual growth rate of value to North Macedonia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

The average personal anti-perspirants export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, export price indicated a remarkable 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, personal anti-perspirants export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to the United States ($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 Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Personal Anti-Perspirants Imports

Imports into Serbia

In 2022, overseas purchases of personal deodorants and anti-perspirants increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, personal anti-perspirants imports reduced to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of personal anti-perspirants imports to Serbia, together accounting for X% of total imports. The Netherlands, France, Belgium, Turkey, the UK and the Czech Republic lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Poland ($X) and Italy ($X) were the largest personal anti-perspirants suppliers to Serbia, with a combined X% share of total imports. The Netherlands, France, Belgium, the UK, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 personal anti-perspirants import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform