Serbia: Polishes For Coachwork Market 2025

Polishes For Coachwork Market Size in Serbia

After seven years of growth, the Serbian polishes for coachwork market decreased by -3.9% to $X in 2022. In general, consumption, however, showed prominent growth. Polishes for coachwork consumption peaked at $X in 2021, and then dropped slightly in the following year.

Polishes For Coachwork Exports

Exports from Serbia

In 2022, approx. X tons of polishes for coachwork were exported from Serbia; falling by -22% compared with 2021. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 135%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, polishes for coachwork exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2017 with an increase of 93% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Bosnia and Herzegovina (X tons), North Macedonia (X tons) and Montenegro (X tons) were the main destinations of polishes for coachwork exports from Serbia, with a combined 94% share of total exports. Russia and Croatia lagged somewhat behind, together comprising a further 4.9%.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +77.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polishes for coachwork exported from Serbia were Bosnia and Herzegovina ($X), Russia ($X) and North Macedonia ($X), with a combined 82% share of total exports. Montenegro and Croatia lagged somewhat behind, together comprising a further 14%.

Croatia, with a CAGR of +65.2%, saw 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 polishes for coachwork export price stood at $X per ton in 2022, growing by 64% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Croatia ($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 North Macedonia (+1.5%), while the prices for the other major destinations experienced a decline.

Polishes For Coachwork Imports

Imports into Serbia

After seven years of growth, supplies from abroad of polishes for coachwork decreased by -6.5% to X tons in 2022. Over the period under review, imports, however, recorded a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 47% against the previous year. Imports peaked at X tons in 2021, and then fell in the following year.

In value terms, polishes for coachwork imports declined to $X in 2022. Overall, imports, however, saw a prominent increase. The pace of growth was the most pronounced in 2016 when imports increased by 49% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Italy (X tons), Poland (X tons) and Turkey (X tons) were the main suppliers of polishes for coachwork imports to Serbia, with a combined 76% share of total imports. Germany, the UK, Russia and Greece lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +56.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polishes for coachwork suppliers to Serbia were Turkey ($X), Italy ($X) and Germany ($X), with a combined 61% share of total imports. Poland, the UK, Greece and Russia lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Russia, with a CAGR of +85.2%, 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

The average polishes for coachwork import price stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2015 an increase of 36% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, 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 ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform