Serbia: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in Serbia

The Serbian plaits and basketwork market reached $X in 2022, picking up by 4.3% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Plaits And Basketwork Production in Serbia

In value terms, plaits and basketwork production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 -3.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Plaits And Basketwork Exports

Exports from Serbia

In 2022, overseas shipments of plaits, basketwork, wickerwork and similar products of plaiting materials increased by 128% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plaits and basketwork exports surged to $X in 2022. Overall, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% 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 +86.1% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for plaits and basketwork exports from Serbia, with a 51% share of total exports. Moreover, plaits and basketwork exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Germany (X tons), twofold. Austria (X tons) ranked third in terms of total exports with a 21% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+67.0% per year) and Austria (+1.4% per year).

In value terms, Austria ($X), Bosnia and Herzegovina ($X) and Germany ($X) constituted the largest markets for plaits and basketwork exported from Serbia worldwide, together comprising 91% of total exports. Montenegro, France and Croatia lagged somewhat behind, together accounting for a further 6.8%.

France, with a CAGR of +44.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average plaits and basketwork export price stood at $X per ton in 2022, waning by -39.6% against the previous year. In general, the export price, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2013 an increase of 52%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($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 (+15.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports into Serbia

For the fifth year in a row, Serbia recorded growth in purchases abroad of plaits, basketwork, wickerwork and similar products of plaiting materials, which increased by 27% to X tons in 2022. Over the period under review, imports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, plaits and basketwork imports surged to $X in 2022. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest plaits and basketwork supplier to Serbia, accounting for a 72% share of total imports. Moreover, plaits and basketwork imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fivefold. The third position in this ranking was held by India (X tons), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+14.8% per year) and India (+1.5% per year).

In value terms, China ($X) constituted the largest supplier of plaits, basketwork, wickerwork and similar products of plaiting materials to Serbia, comprising 72% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total imports. It was followed by Bangladesh, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+16.6% per year) and Bangladesh (+93.8% per year).

Import Prices by Country

The average plaits and basketwork import price stood at $X per ton in 2022, growing by 6.8% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plaits and basketwork import price increased by +71.2% against 2016 indices. The growth pace was the most rapid in 2013 when the average import price increased by 49% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bangladesh ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform