Serbia: Market for Plastic Shutters And Blinds 2025

Market Size for Plastic Shutters And Blinds in Serbia

The Serbian plastic shutters and blinds market expanded modestly to $X in 2022, surging by 4.5% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Plastic shutters and blinds consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Plastic Shutters And Blinds in Serbia

In value terms, plastic shutters and blinds production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 74%. Plastic shutters and blinds production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Plastic Shutters And Blinds

Exports from Serbia

After two years of growth, shipments abroad of plastic shutters and blinds decreased by -7.4% to X units in 2022. Overall, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then fell in the following year.

In value terms, plastic shutters and blinds exports reduced dramatically to $X in 2022. In general, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by 84%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for plastic shutters and blinds exports from Serbia, accounting for a 39% share of total exports. Moreover, plastic shutters and blinds exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Montenegro (X units), twofold. The third position in this ranking was taken by Belgium (X units), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to Bosnia and Herzegovina stood at +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Montenegro (+16.8% per year) and Belgium (+130.5% per year).

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for plastic shutters and blinds exports from Serbia, comprising 31% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by Belgium, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina amounted to +14.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+91.7% per year) and Belgium (+135.0% per year).

Export Prices by Country

In 2022, the average plastic shutters and blinds export price amounted to $X per unit, shrinking by -17.1% against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 an increase of 64% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then declined markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Montenegro ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastic Shutters And Blinds

Imports into Serbia

In value terms, plastic shutters and blinds imports shrank to $X in 2022. Over the period under review, imports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 with an increase of 76%. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In value terms, the largest plastic shutters and blinds suppliers to Serbia were Greece ($X), Germany ($X) and Turkey ($X), with a combined 74% share of total imports. The Netherlands, Spain, China, Hungary and Croatia lagged somewhat behind, together comprising a further 17%.

Spain, with a CAGR of +47.7%, recorded the highest rates of growth with regard to 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

In 2022, the average plastic shutters and blinds import price amounted to $X per unit, growing by 2.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 7.8% against the previous year. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a 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 ($X per unit), while the price for Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform