Serbia: Room Deodorants Market 2024

Room Deodorants Market Size in Serbia

In 2022, after eight years of growth, there was significant decline in the Serbian room deodorants market, when its value decreased by -19.6% to $X. Overall, consumption, however, posted a strong increase. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Room Deodorants Production in Serbia

In value terms, room deodorants production stood at $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. Room deodorants production peaked in 2022 and is likely to see gradual growth in years to come.

Room Deodorants Exports

Exports from Serbia

In 2022, after three years of growth, there was decline in shipments abroad of preparations for perfuming or deodorising rooms, when their volume decreased by -0.3% to X tons. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 39%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, room deodorants exports fell to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 20% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), Bosnia and Herzegovina (X tons) and Montenegro (X tons) were the main destinations of room deodorants exports from Serbia, with a combined 57% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +53.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for room deodorants exported from Serbia were Montenegro ($X), North Macedonia ($X) and Croatia ($X), together comprising 54% of total exports. Bosnia and Herzegovina, Slovenia, Hungary, Romania, Italy and Poland lagged somewhat behind, together comprising a further 34%.

Among the main countries of destination, Slovenia, with a CAGR of +26.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average room deodorants export price amounted to $X per ton, declining by -8.9% against the previous year. Overall, the export price continues to indicate a mild descent. The growth pace was the most rapid in 2018 an increase of 17%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 Slovenia ($X per ton), while the average price for exports to Italy ($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 (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Room Deodorants Imports

Imports into Serbia

In 2022, overseas purchases of preparations for perfuming or deodorising rooms decreased by -16.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2021 with an increase of 85% against the previous year. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, room deodorants imports shrank dramatically to $X in 2022. Overall, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 76% against the previous year. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

Turkey (X tons), Italy (X tons) and Hungary (X tons) were the main suppliers of room deodorants imports to Serbia, with a combined 60% share of total imports. Poland, Bulgaria, China, the UK, Germany, Greece, Bosnia and Herzegovina, Spain, France and Croatia lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the biggest increases were recorded for Bosnia and Herzegovina (with a CAGR of +64.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest room deodorants suppliers to Serbia were Hungary ($X), Bulgaria ($X) and Italy ($X), with a combined 46% share of total imports.

In terms of the main suppliers, Italy, with a CAGR of +35.5%, recorded the highest rates of growth with regard to 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 room deodorants import price stood at $X per ton in 2022, with a decrease of -6.7% against the previous year. Overall, the import price showed a noticeable downturn. The growth pace was the most rapid in 2019 when the average import price increased by 11%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Bulgaria ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform