Serbia: Footwear Treatments Market 2025

Footwear Treatments Market Size in Serbia

The Serbian footwear treatments market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption, however, recorded a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Footwear Treatments Exports

Exports from Serbia

In 2022, the amount of polishes and creams for footwear or leather exported from Serbia reduced remarkably to X tons, falling by -19.9% compared with the previous year. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,149%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, footwear treatments exports contracted notably to $X in 2022. In general, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 422% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for footwear treatments exports from Serbia, with a 77% share of total exports. Moreover, footwear treatments exports to Italy exceeded the volume sent to the second major destination, Hungary (X tons), ninefold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to +41.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+47.7% per year) and Bosnia and Herzegovina (+8.0% per year).

In value terms, Italy ($X) remains the key foreign market for polishes and creams for footwear or leather exports from Serbia, comprising 68% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with an 11% share of total exports. It was followed by Hungary, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +43.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+5.7% per year) and Hungary (+37.2% per year).

Export Prices by Country

In 2022, the average footwear treatments export price amounted to $X per ton, dropping by -2.2% against the previous year. In general, the export price continues to indicate a pronounced setback. The growth pace was the most rapid in 2013 when the average export price increased by 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Montenegro ($X per ton), while the average price for exports to Romania ($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 Bulgaria (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Footwear Treatments Imports

Imports into Serbia

In 2022, overseas purchases of polishes and creams for footwear or leather increased by 12% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2017 with an increase of 18% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, footwear treatments imports surged to $X in 2022. Overall, imports, however, recorded a perceptible descent. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Germany (X tons) and Bulgaria (X tons) were the main suppliers of footwear treatments imports to Serbia, together comprising 52% of total imports. Austria, Italy, the UK, Slovenia and China lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest footwear treatments suppliers to Serbia were Austria ($X), Bulgaria ($X) and Turkey ($X), together accounting for 47% of total imports.

Among the main suppliers, Austria, with a CAGR of +10.0%, 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

In 2022, the average footwear treatments import price amounted to $X per ton, surging by 7.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 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 Slovenia ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform